Round Table Services LLC increased its stake in shares of Altria Group (NYSE:MO) by 7.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,735 shares of the company’s stock after buying an additional 274 shares during the period. Round Table Services LLC’s holdings in Altria Group were worth $267,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in MO. Integrated Wealth Counsel LLC raised its stake in Altria Group by 1,500.0% in the third quarter. Integrated Wealth Counsel LLC now owns 1,600 shares of the company’s stock worth $101,000 after buying an additional 1,500 shares in the last quarter. Advantage Investment Management LLC bought a new position in Altria Group during the fourth quarter worth $116,000. CLS Investments LLC increased its position in Altria Group by 251.9% in the fourth quarter. CLS Investments LLC now owns 1,777 shares of the company’s stock worth $120,000 after buying an additional 1,272 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new position in Altria Group during the first quarter worth $134,000. Finally, Acropolis Investment Management LLC increased its position in Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock worth $138,000 after buying an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 62.04% of the company’s stock.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.63 billion. Altria Group had a net margin of 55.99% and a return on equity of 76.43%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 10th. Investors of record on Thursday, June 15th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Tuesday, June 13th. Altria Group’s payout ratio is currently 33.02%.
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A number of analysts recently commented on the stock. Vetr upgraded shares of Altria Group from a “sell” rating to a “buy” rating and set a $80.18 price target on the stock in a research note on Monday, June 5th. Royal Bank Of Canada restated a “sell” rating and set a $62.00 price objective on shares of Altria Group in a research report on Friday, May 26th. Piper Jaffray Companies initiated coverage on shares of Altria Group in a research report on Wednesday, May 24th. They set an “overweight” rating and a $76.00 price objective on the stock. Zacks Investment Research lowered shares of Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $74.00 target price on shares of Altria Group in a report on Wednesday, March 29th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Altria Group presently has a consensus rating of “Hold” and an average price target of $72.35.
In related news, Director George Munoz sold 5,000 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $72.35, for a total transaction of $361,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dinyar S. Devitre sold 4,285 shares of the stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $70.72, for a total value of $303,035.20. Following the transaction, the director now owns 112,457 shares in the company, valued at $7,952,959.04. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.
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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