SG Americas Securities LLC reduced its holdings in Altria Group, Inc. (NYSE:MO – Get Rating) by 66.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,067 shares of the company’s stock after selling 63,465 shares during the quarter. SG Americas Securities LLC’s holdings in Altria Group were worth $1,295,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in MO. Loomis Sayles & Co. L P acquired a new stake in Altria Group in the 1st quarter valued at approximately $25,000. WFA of San Diego LLC acquired a new stake in Altria Group in the 2nd quarter valued at approximately $26,000. Arlington Partners LLC bought a new position in Altria Group during the 2nd quarter valued at $27,000. Aurora Private Wealth Inc. bought a new position in Altria Group during the 2nd quarter valued at $38,000. Finally, 1832 Asset Management L.P. bought a new position in Altria Group during the 1st quarter valued at $41,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
MO has been the subject of a number of research reports. UBS Group lowered Altria Group from a “neutral” rating to a “sell” rating and set a $38.00 price target for the company. in a research note on Thursday, November 10th. StockNews.com lowered Altria Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price target on shares of Altria Group in a research note on Monday, October 31st. Finally, Cowen increased their price target on Altria Group to $47.00 in a research note on Tuesday, November 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.64.
Altria Group Trading Up 0.5 %
Altria Group (NYSE:MO – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.03). Altria Group had a negative return on equity of 345.98% and a net margin of 18.61%. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same quarter in the previous year, the business posted $1.22 earnings per share. The company’s revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts predict that Altria Group, Inc. will post 4.84 EPS for the current year.
Altria Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 10th. Shareholders of record on Thursday, December 22nd were given a dividend of $0.94 per share. The ex-dividend date was Wednesday, December 21st. This represents a $3.76 dividend on an annualized basis and a yield of 8.24%. Altria Group’s payout ratio is presently 146.30%.
Altria Group Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.
- Get a free copy of the StockNews.com research report on Altria Group (MO)
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