Aevitas Wealth Management Inc. acquired a new position in shares of Altria Group Inc (NYSE:MO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,596 shares of the company’s stock, valued at approximately $400,000.
A number of other institutional investors have also recently added to or reduced their stakes in MO. NewSquare Capital LLC raised its holdings in Altria Group by 4,734.7% during the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock worth $109,000 after buying an additional 106,530 shares during the period. Balentine LLC raised its holdings in Altria Group by 32.4% during the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after buying an additional 357 shares during the period. Quantum Capital Management LLC NJ acquired a new stake in Altria Group during the 3rd quarter worth approximately $114,000. Northwest Investment Counselors LLC raised its holdings in Altria Group by 557.0% during the 3rd quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock worth $115,000 after buying an additional 1,543 shares during the period. Finally, Oak Point Wealth Management acquired a new stake in Altria Group during the 4th quarter worth approximately $120,000. 62.57% of the stock is currently owned by institutional investors and hedge funds.
MO has been the topic of several research analyst reports. Vetr downgraded shares of Altria Group from a “buy” rating to a “hold” rating and set a $71.65 target price on the stock. in a report on Monday, December 4th. Berenberg Bank upgraded shares of Altria Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $60.01 to $71.00 in a report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Wells Fargo raised their target price on shares of Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Finally, Jefferies Group upgraded shares of Altria Group from a “hold” rating to a “buy” rating and dropped their target price for the stock from $70.04 to $70.00 in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $74.99.
NYSE MO opened at $62.32 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.31 and a current ratio of 0.64. Altria Group Inc has a 12-month low of $59.07 and a 12-month high of $77.79. The company has a market capitalization of $118,435.98, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.81 and a beta of 0.63.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The company had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same period last year, the company earned $0.68 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. analysts predict that Altria Group Inc will post 4.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Thursday, March 15th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Altria Group’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.49%. Altria Group’s dividend payout ratio (DPR) is 82.84%.
Altria Group declared that its Board of Directors has authorized a share buyback program on Thursday, February 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
TRADEMARK VIOLATION NOTICE: This piece was first posted by WKRB News and is owned by of WKRB News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.wkrb13.com/2018/04/02/aevitas-wealth-management-inc-acquires-shares-of-5596-altria-group-inc-mo.html.
Altria Group Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group Inc (NYSE:MO).
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.