Choreo LLC Has $1.55 Million Stock Position in Altria Group, Inc. (NYSE:MO)

Choreo LLC lowered its stake in Altria Group, Inc. (NYSE:MOFree Report) by 13.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 35,625 shares of the company’s stock after selling 5,511 shares during the period. Choreo LLC’s holdings in Altria Group were worth $1,554,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Maryland Capital Advisors Inc. lifted its holdings in shares of Altria Group by 154.4% during the 1st quarter. Maryland Capital Advisors Inc. now owns 575 shares of the company’s stock worth $25,000 after acquiring an additional 349 shares during the period. Accordant Advisory Group Inc bought a new stake in shares of Altria Group during the 1st quarter worth approximately $26,000. Criterion Capital Advisors LLC bought a new position in Altria Group in the 4th quarter valued at approximately $27,000. ZRC Wealth Management LLC lifted its stake in Altria Group by 67.6% in the 4th quarter. ZRC Wealth Management LLC now owns 677 shares of the company’s stock valued at $28,000 after purchasing an additional 273 shares during the last quarter. Finally, Pineridge Advisors LLC bought a new position in Altria Group in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on MO shares. UBS Group increased their price objective on shares of Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research note on Monday, April 8th. Argus raised shares of Altria Group to a “hold” rating in a research note on Friday, May 31st. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective on shares of Altria Group in a research note on Monday, March 25th. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.90.

Check Out Our Latest Analysis on MO

Altria Group Stock Up 0.2 %

Shares of MO stock traded up $0.09 during trading hours on Monday, hitting $46.19. 791,184 shares of the company’s stock traded hands, compared to its average volume of 11,002,137. The stock’s 50 day simple moving average is $45.49 and its 200 day simple moving average is $42.90. The stock has a market cap of $79.34 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 2.80 and a beta of 0.66. Altria Group, Inc. has a 12 month low of $39.06 and a 12 month high of $47.19.

Altria Group (NYSE:MOGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.15. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.71 billion. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 earnings per share. As a group, equities research analysts expect that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 8.49%. Altria Group’s payout ratio is 82.01%.

Insider Buying and Selling at Altria Group

In other Altria Group news, VP Charles N. Whitaker sold 22,487 shares of Altria Group stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total value of $988,303.65. Following the completion of the sale, the vice president now directly owns 173,485 shares in the company, valued at $7,624,665.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

Altria Group Profile

(Free Report)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

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

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