Ifrah Financial Services Inc. Sells 4,944 Shares of Altria Group Inc (MO)

Ifrah Financial Services Inc. lowered its stake in shares of Altria Group Inc (NYSE:MO) by 34.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,328 shares of the company’s stock after selling 4,944 shares during the period. Ifrah Financial Services Inc.’s holdings in Altria Group were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Solaris Asset Management LLC raised its position in shares of Altria Group by 65.7% in the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after buying an additional 557 shares in the last quarter. CKW Financial Group purchased a new stake in shares of Altria Group in the second quarter worth $109,000. Balentine LLC raised its position in shares of Altria Group by 32.4% in the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after buying an additional 357 shares in the last quarter. Northwest Investment Counselors LLC raised its position in shares of Altria Group by 557.0% in the third quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock worth $115,000 after buying an additional 1,543 shares in the last quarter. Finally, INR Advisory Services LLC purchased a new stake in shares of Altria Group in the second quarter worth $134,000. Hedge funds and other institutional investors own 62.64% of the company’s stock.

Shares of Altria Group Inc (NYSE MO) opened at $70.29 on Friday. Altria Group Inc has a 12-month low of $60.01 and a 12-month high of $77.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. The firm has a market capitalization of $134,130.00, a PE ratio of 8.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the business posted $0.82 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. equities research analysts forecast that Altria Group Inc will post 3.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.76%. Altria Group’s payout ratio is 33.00%.

A number of brokerages recently issued reports on MO. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. Vetr downgraded Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price objective on the stock. in a research report on Monday, October 30th. Royal Bank of Canada reiterated a “hold” rating and issued a $62.00 price objective on shares of Altria Group in a research report on Tuesday, October 3rd. Cowen upgraded Altria Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $64.00 to $71.00 in a research report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $72.87.

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

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