Trust Co. of Virginia VA lowered its position in Altria Group Inc (NYSE:MO) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,806 shares of the company’s stock after selling 928 shares during the quarter. Trust Co. of Virginia VA’s holdings in Altria Group were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MO. Bank of New York Mellon Corp lifted its stake in Altria Group by 82,381.0% in the third quarter. Bank of New York Mellon Corp now owns 22,356,466 shares of the company’s stock valued at $1,348,318,000 after buying an additional 22,329,361 shares during the last quarter. Morgan Stanley lifted its stake in Altria Group by 49.6% in the second quarter. Morgan Stanley now owns 16,461,864 shares of the company’s stock valued at $934,869,000 after buying an additional 5,454,989 shares during the last quarter. FMR LLC lifted its stake in Altria Group by 14.1% in the second quarter. FMR LLC now owns 37,263,858 shares of the company’s stock valued at $2,116,214,000 after buying an additional 4,613,088 shares during the last quarter. BlackRock Inc. lifted its stake in Altria Group by 3.4% in the second quarter. BlackRock Inc. now owns 138,589,215 shares of the company’s stock valued at $7,870,481,000 after buying an additional 4,581,335 shares during the last quarter. Finally, Charles Schwab Investment Advisory Inc. purchased a new stake in Altria Group in the second quarter valued at approximately $178,215,000. Institutional investors own 63.79% of the company’s stock.
In other news, Director Dinyar S. Devitre sold 3,165 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $58.44, for a total transaction of $184,962.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by corporate insiders.
Altria Group stock opened at $53.72 on Friday. Altria Group Inc has a 12 month low of $53.44 and a 12 month high of $74.38. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.60 and a quick ratio of 0.36. The company has a market cap of $102.20 billion, a PE ratio of 15.89, a P/E/G ratio of 1.54 and a beta of 0.40.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 25th. The company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Altria Group had a return on equity of 48.31% and a net margin of 42.13%. The business had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.22 billion. As a group, sell-side analysts anticipate that Altria Group Inc will post 3.99 EPS for the current fiscal year.
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Altria Group Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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