Weather Gauge Advisory LLC reduced its holdings in shares of Altria Group Inc (NYSE:MO) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,047 shares of the company’s stock after selling 379 shares during the quarter. Weather Gauge Advisory LLC’s holdings in Altria Group were worth $277,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MO. Legacy Wealth Planning LLC boosted its holdings in shares of Altria Group by 8.1% during the 1st quarter. Legacy Wealth Planning LLC now owns 6,542 shares of the company’s stock worth $25,000 after buying an additional 488 shares during the period. Larson Financial Group LLC lifted its position in Altria Group by 243.9% during the second quarter. Larson Financial Group LLC now owns 736 shares of the company’s stock worth $29,000 after acquiring an additional 522 shares during the last quarter. Pflug Koory LLC boosted its holdings in shares of Altria Group by 70.0% during the first quarter. Pflug Koory LLC now owns 765 shares of the company’s stock worth $30,000 after acquiring an additional 315 shares during the period. Sanders Morris Harris LLC grew its position in shares of Altria Group by 5.1% in the first quarter. Sanders Morris Harris LLC now owns 82,156 shares of the company’s stock valued at $31,000 after purchasing an additional 4,006 shares during the last quarter. Finally, Country Trust Bank grew its position in shares of Altria Group by 58.4% in the first quarter. Country Trust Bank now owns 814 shares of the company’s stock valued at $31,000 after purchasing an additional 300 shares during the last quarter. 63.59% of the stock is currently owned by institutional investors and hedge funds.
MO has been the subject of several recent research reports. Barclays downgraded Altria Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $50.00 to $43.00 in a research note on Wednesday, July 8th. Citigroup restated a “buy” rating and issued a $45.00 price target on shares of Altria Group in a research note on Tuesday, June 30th. Piper Sandler reiterated a “buy” rating and issued a $57.00 price objective on shares of Altria Group in a research note on Tuesday, July 7th. ValuEngine downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $52.00 price target on shares of Altria Group in a research report on Monday, June 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $50.29.
Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.11. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.51 billion. Altria Group had a negative net margin of 3.33% and a positive return on equity of 84.55%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. As a group, research analysts predict that Altria Group Inc will post 4.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were given a $0.84 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.36 dividend on an annualized basis and a yield of 8.18%. Altria Group’s dividend payout ratio is currently 79.62%.
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.
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