Enterprise Financial Services Corp lifted its holdings in shares of Altria Group (NYSE:MO) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,370 shares of the company’s stock after acquiring an additional 72 shares during the quarter. Enterprise Financial Services Corp’s holdings in Altria Group were worth $548,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in MO. Waldron LP increased its holdings in Altria Group by 17.1% in the first quarter. Waldron LP now owns 26,627 shares of the company’s stock valued at $1,901,000 after buying an additional 3,896 shares during the last quarter. Delta Asset Management LLC TN increased its holdings in Altria Group by 1.3% in the first quarter. Delta Asset Management LLC TN now owns 27,259 shares of the company’s stock valued at $1,947,000 after buying an additional 338 shares during the last quarter. Duncker Streett & Co. Inc. increased its holdings in Altria Group by 4.3% in the first quarter. Duncker Streett & Co. Inc. now owns 26,274 shares of the company’s stock valued at $1,877,000 after buying an additional 1,076 shares during the last quarter. Court Place Advisors LLC increased its holdings in Altria Group by 5.5% in the first quarter. Court Place Advisors LLC now owns 6,039 shares of the company’s stock valued at $431,000 after buying an additional 313 shares during the last quarter. Finally, Baystate Wealth Management LLC increased its holdings in Altria Group by 5.0% in the first quarter. Baystate Wealth Management LLC now owns 3,665 shares of the company’s stock valued at $264,000 after buying an additional 173 shares during the last quarter. 61.85% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Martin J. Barrington sold 15,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $65.03, for a total value of $994,959.00. Following the completion of the sale, the chief executive officer now owns 701,074 shares of the company’s stock, valued at $45,590,842.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dinyar S. Devitre sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total transaction of $1,959,040.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
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Altria Group (NYSE MO) opened at 64.87 on Thursday. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79. The firm has a market capitalization of $125.07 billion, a P/E ratio of 8.55 and a beta of 0.64. The stock’s 50 day moving average price is $63.24 and its 200 day moving average price is $69.65.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). The firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $5.02 billion. Altria Group had a return on equity of 59.50% and a net margin of 56.98%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 EPS. On average, analysts forecast that Altria Group will post $3.27 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Friday, September 15th were issued a $0.66 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.07%. This is a positive change from Altria Group’s previous quarterly dividend of $0.61. Altria Group’s dividend payout ratio (DPR) is currently 34.83%.
Altria Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 27th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 0.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Several brokerages recently weighed in on MO. Royal Bank Of Canada reissued a “hold” rating and issued a $62.00 price objective on shares of Altria Group in a report on Tuesday, October 3rd. Berenberg Bank set a $72.00 price objective on Altria Group and gave the company a “hold” rating in a report on Sunday, August 6th. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price objective for the company. in a report on Wednesday, September 6th. BidaskClub raised Altria Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, UBS AG lowered their target price on Altria Group from $78.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $71.53.
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.
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