Andra AP fonden increased its position in shares of Altria Group (NYSE:MO) by 108.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,600 shares of the company’s stock after purchasing an additional 201,400 shares during the period. Altria Group accounts for approximately 0.7% of Andra AP fonden’s portfolio, making the stock its 11th largest position. Andra AP fonden’s holdings in Altria Group were worth $28,865,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Sterling Investment Advisors Ltd. lifted its position in Altria Group by 133.3% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after acquiring an additional 800 shares during the last quarter. Solaris Asset Management LLC lifted its position in Altria Group by 65.7% in the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after acquiring an additional 557 shares during the last quarter. CKW Financial Group purchased a new stake in Altria Group in the second quarter valued at $109,000. Perigon Wealth Management LLC lifted its position in Altria Group by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $118,000 after acquiring an additional 74 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its position in Altria Group by 97.4% in the first quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock valued at $121,000 after acquiring an additional 821 shares during the last quarter. Hedge funds and other institutional investors own 62.29% of the company’s stock.
In other news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.
Altria Group (NYSE MO) opened at $65.02 on Monday. Altria Group has a one year low of $60.01 and a one year high of $77.79. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. The stock has a market cap of $124,070.50, a PE ratio of 20.58, a PEG ratio of 2.66 and a beta of 0.60.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the previous year, the business posted $0.82 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. research analysts predict that Altria Group will post 3.28 EPS for the current year.
Altria Group declared that its Board of Directors has authorized a stock repurchase program on Thursday, July 27th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 0.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
A number of equities research analysts recently weighed in on MO shares. BidaskClub cut shares of Altria Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Wednesday, October 11th. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 target price for the company in a report on Tuesday, October 24th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Altria Group in a report on Monday, July 31st. Finally, Cowen and Company raised shares of Altria Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $64.00 to $71.00 in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $72.06.
Altria Group Company 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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