Mitsubishi UFJ Trust & Banking Corp cut its position in shares of Altria Group (NYSE:MO) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,516,340 shares of the company’s stock after selling 33,700 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.24% of Altria Group worth $336,332,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Windsor Capital Management LLC boosted its stake in shares of Altria Group by 6.3% during the 2nd quarter. Windsor Capital Management LLC now owns 12,366 shares of the company’s stock worth $920,000 after purchasing an additional 734 shares during the period. Andra AP fonden boosted its stake in shares of Altria Group by 108.2% during the 2nd quarter. Andra AP fonden now owns 387,600 shares of the company’s stock worth $28,865,000 after purchasing an additional 201,400 shares during the period. Boys Arnold & Co. Inc. boosted its stake in shares of Altria Group by 4.3% during the 2nd quarter. Boys Arnold & Co. Inc. now owns 30,597 shares of the company’s stock worth $2,279,000 after purchasing an additional 1,253 shares during the period. Sfmg LLC boosted its stake in shares of Altria Group by 1.5% during the 2nd quarter. Sfmg LLC now owns 12,145 shares of the company’s stock worth $904,000 after purchasing an additional 174 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Altria Group by 1.3% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 31,034 shares of the company’s stock worth $2,016,000 after purchasing an additional 403 shares during the period. 62.29% of the stock is owned by hedge funds and other institutional investors.
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 value of $1,959,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.11% of the company’s stock.
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Shares of Altria Group (MO) opened at $65.84 on Tuesday. Altria Group has a twelve month low of $60.01 and a twelve month high of $77.79. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. The company 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 posted its quarterly earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the business posted $0.82 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. sell-side analysts expect that Altria Group will post 3.28 earnings per share for the current year.
Altria Group declared that its board has approved a stock repurchase program on Thursday, July 27th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 0.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of equities analysts recently commented on the stock. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price target for the company in a research note on Monday, November 6th. Berenberg Bank set a $72.00 price target on shares of Altria Group and gave the stock a “hold” rating in a research note on Sunday, August 6th. Royal Bank Of Canada reissued a “hold” rating and issued a $62.00 price objective on shares of Altria Group in a research report on Tuesday, October 3rd. BidaskClub raised shares of Altria Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, UBS AG lowered their price objective on shares of Altria Group from $78.00 to $72.00 and set a “neutral” rating for the company in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Altria Group has a consensus rating of “Hold” and an average price target of $72.04.
About Altria Group
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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