West Oak Capital LLC increased its position in Altria Group Inc (NYSE:MO) by 13.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,910 shares of the company’s stock after buying an additional 600 shares during the period. West Oak Capital LLC’s holdings in Altria Group were worth $232,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. FMR LLC increased its position in shares of Altria Group by 68.1% in the first quarter. FMR LLC now owns 78,710,352 shares of the company’s stock worth $4,520,337,000 after acquiring an additional 31,883,878 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Altria Group by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock valued at $1,229,235,000 after purchasing an additional 1,908,626 shares during the period. Brandywine Global Investment Management LLC purchased a new position in shares of Altria Group in the fourth quarter valued at $61,553,000. Avalon Advisors LLC purchased a new position in shares of Altria Group in the fourth quarter valued at $52,121,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of Altria Group by 93.3% in the fourth quarter. Teacher Retirement System of Texas now owns 1,994,813 shares of the company’s stock valued at $98,524,000 after purchasing an additional 962,612 shares during the period. 64.24% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Goldman Sachs Group set a €135.00 ($156.98) price objective on shares of SAP and gave the company a “buy” rating in a research note on Friday, July 12th. Citigroup set a $221.00 price objective on shares of 3M and gave the company a “buy” rating in a research note on Friday, April 26th. Zacks Investment Research downgraded shares of Wix.Com from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Finally, Morgan Stanley reiterated a “buy” rating and set a $60.00 price objective on shares of The Coca-Cola in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $60.44.
Altria Group (NYSE:MO) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.10 EPS for the quarter, hitting the consensus estimate of $1.10. The business had revenue of $5.19 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Altria Group had a net margin of 24.87% and a return on equity of 49.42%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. On average, equities analysts anticipate that Altria Group Inc will post 4.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 14th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend was Thursday, June 13th. Altria Group’s payout ratio is presently 80.20%.
In other news, SVP Jody L. Begley sold 3,250 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $53.38, for a total value of $173,485.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $52.48, for a total transaction of $104,960.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
Altria Group Company 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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