Flagship Harbor Advisors LLC decreased its position in Altria Group Inc (NYSE:MO) by 36.8% during the 4th quarter, Holdings Channel reports. The firm owned 18,287 shares of the company’s stock after selling 10,628 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Altria Group were worth $903,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Clean Yield Group acquired a new stake in shares of Altria Group during the fourth quarter valued at $32,000. Alpha Windward LLC boosted its stake in shares of Altria Group by 1,556.7% during the fourth quarter. Alpha Windward LLC now owns 1,110 shares of the company’s stock valued at $55,000 after acquiring an additional 1,043 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Altria Group during the third quarter valued at $103,000. First Command Bank boosted its stake in shares of Altria Group by 15.2% during the fourth quarter. First Command Bank now owns 3,169 shares of the company’s stock valued at $156,000 after acquiring an additional 417 shares during the last quarter. Finally, First Command Financial Services Inc. boosted its stake in shares of Altria Group by 15.2% during the fourth quarter. First Command Financial Services Inc. now owns 3,169 shares of the company’s stock valued at $156,000 after acquiring an additional 417 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors.
A number of analysts recently commented on MO shares. Cowen lowered Altria Group from an “outperform” rating to a “market perform” rating in a research note on Monday, January 7th. Argus raised their price target on Altria Group from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, October 29th. Sanford C. Bernstein initiated coverage on Altria Group in a research note on Tuesday, October 23rd. They issued a “market perform” rating on the stock. ValuEngine lowered Altria Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Finally, TheStreet lowered Altria Group from a “b-” rating to a “c+” rating in a research note on Monday, January 7th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Altria Group has an average rating of “Hold” and a consensus price target of $66.37.
Shares of NYSE:MO opened at $49.20 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 0.77. Altria Group Inc has a 12-month low of $42.40 and a 12-month high of $70.66. The stock has a market capitalization of $92.45 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.46 and a beta of 0.36.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 31st. The company reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. Altria Group had a return on equity of 48.44% and a net margin of 27.45%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period last year, the company earned $0.91 EPS. Sell-side analysts expect that Altria Group Inc will post 4.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 10th. Stockholders of record on Wednesday, December 26th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, December 24th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.50%. Altria Group’s dividend payout ratio (DPR) is 80.20%.
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About Altria Group
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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