St. Louis Trust Co Cuts Holdings in Altria Group Inc (NYSE:MO)

St. Louis Trust Co decreased its position in shares of Altria Group Inc (NYSE:MO) by 26.2% in the second quarter, HoldingsChannel reports. The firm owned 10,700 shares of the company’s stock after selling 3,800 shares during the quarter. St. Louis Trust Co’s holdings in Altria Group were worth $507,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Country Trust Bank grew its position in Altria Group by 86.9% in the first quarter. Country Trust Bank now owns 514 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares in the last quarter. James Investment Research Inc. purchased a new position in Altria Group in the first quarter worth about $43,000. Creative Financial Designs Inc. ADV grew its position in Altria Group by 113.4% in the first quarter. Creative Financial Designs Inc. ADV now owns 783 shares of the company’s stock worth $45,000 after acquiring an additional 416 shares in the last quarter. Interactive Financial Advisors grew its position in Altria Group by 166.7% in the first quarter. Interactive Financial Advisors now owns 800 shares of the company’s stock worth $46,000 after acquiring an additional 500 shares in the last quarter. Finally, HMS Capital Management LLC purchased a new position in Altria Group in the second quarter worth about $41,000. Hedge funds and other institutional investors own 64.23% of the company’s stock.

NYSE MO traded down $0.34 during trading on Friday, hitting $46.16. The stock had a trading volume of 7,660,947 shares, compared to its average volume of 7,766,808. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.56 and a quick ratio of 0.28. The stock has a market cap of $86.87 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.46 and a beta of 0.38. Altria Group Inc has a one year low of $42.40 and a one year high of $66.04. The firm’s 50 day moving average price is $48.67.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.10. The business had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.08 billion. Altria Group had a net margin of 25.04% and a return on equity of 51.53%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 earnings per share. On average, sell-side analysts expect that Altria Group Inc will post 4.17 EPS for the current fiscal year.

Altria Group announced that its Board of Directors has initiated a stock buyback program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 1.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Several research analysts recently commented on the company. Citigroup set a $45.00 price target on Altria Group and gave the stock a “sell” rating in a research report on Friday, April 26th. ValuEngine lowered Altria Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 29th. Royal Bank of Canada set a $68.00 price target on Altria Group and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley dropped their price target on Altria Group from $48.00 to $44.00 and set an “underweight” rating for the company in a research report on Wednesday. Finally, Goldman Sachs Group lowered Altria Group from a “buy” rating to a “neutral” rating and set a $49.86 price target for the company. in a research report on Friday, July 12th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Altria Group has a consensus rating of “Hold” and an average price target of $60.74.

In other Altria Group news, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $52.48, for a total value of $104,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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