Wedge Capital Management L L P NC Has $40.55 Million Stock Holdings in Altria Group Inc (NYSE:MO)

Share on StockTwits

Wedge Capital Management L L P NC grew its position in Altria Group Inc (NYSE:MO) by 2.2% during the fourth quarter, HoldingsChannel reports. The firm owned 812,511 shares of the company’s stock after buying an additional 17,302 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Altria Group were worth $40,552,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MO. Julex Capital Management LLC bought a new position in shares of Altria Group during the 3rd quarter worth about $25,000. Simon Quick Advisors LLC increased its position in Altria Group by 518.4% in the 4th quarter. Simon Quick Advisors LLC now owns 538 shares of the company’s stock valued at $27,000 after acquiring an additional 451 shares in the last quarter. Vigilant Capital Management LLC increased its stake in shares of Altria Group by 140.3% in the 3rd quarter. Vigilant Capital Management LLC now owns 704 shares of the company’s stock valued at $29,000 after buying an additional 411 shares during the period. KCS Wealth Advisory bought a new stake in Altria Group during the 3rd quarter worth about $40,000. Finally, Salomon & Ludwin LLC boosted its stake in shares of Altria Group by 189.0% in the 2nd quarter. Salomon & Ludwin LLC now owns 867 shares of the company’s stock valued at $41,000 after purchasing an additional 567 shares during the last quarter. 62.51% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on MO. Argus set a $60.00 price target on shares of Altria Group and gave the stock a “buy” rating in a research note on Thursday, October 10th. Stifel Nicolaus restated a “buy” rating on shares of Altria Group in a research report on Tuesday, October 15th. ValuEngine cut Altria Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Bank of America set a $54.00 price objective on Altria Group and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Piper Jaffray Companies set a $49.00 target price on Altria Group and gave the company a “hold” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $54.86.

Shares of MO opened at $51.25 on Thursday. The stock has a 50 day simple moving average of $50.29 and a 200 day simple moving average of $46.91. Altria Group Inc has a 52-week low of $39.30 and a 52-week high of $57.88. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.27 and a current ratio of 0.56. The firm has a market capitalization of $95.03 billion, a PE ratio of 12.84, a P/E/G ratio of 1.80 and a beta of 0.44.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. Altria Group had a net margin of 7.00% and a return on equity of 56.17%. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period last year, the company posted $1.08 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that Altria Group Inc will post 4.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 6.56%. Altria Group’s payout ratio is presently 84.21%.

Altria Group Profile

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.

See Also: How to Invest in an Index Fund

Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group Inc (NYSE:MO).

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

Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.