Altria Group (MO) Holdings Boosted by Roosevelt Investment Group Inc.
Roosevelt Investment Group Inc. lifted its position in shares of Altria Group (NYSE:MO) by 1.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,123 shares of the company’s stock after purchasing an additional 35 shares during the quarter. Roosevelt Investment Group Inc.’s holdings in Altria Group were worth $233,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Sterling Investment Advisors Ltd. raised its position in shares of Altria Group by 133.3% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock worth $100,000 after purchasing an additional 800 shares during the period. Solaris Asset Management LLC raised its position in shares of Altria Group by 65.7% during the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after purchasing an additional 557 shares during the period. CKW Financial Group acquired a new position in shares of Altria Group during the second quarter worth approximately $109,000. Perigon Wealth Management LLC raised its position in shares of Altria Group by 4.7% during the first quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock worth $118,000 after purchasing an additional 74 shares during the period. Finally, Proficio Capital Partners LLC raised its position in shares of Altria Group by 97.4% during the first quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock worth $121,000 after purchasing an additional 821 shares during the period. 62.70% of the stock is currently owned by institutional investors.
A number of equities analysts have recently weighed in on MO shares. UBS reaffirmed a “hold” rating on shares of Altria Group in a research report on Tuesday, August 8th. Jefferies Group set a $67.00 target price on Altria Group and gave the stock a “hold” rating in a research report on Thursday, August 24th. BidaskClub lowered Altria Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 target price on the stock. in a research report on Wednesday, September 6th. Finally, Cowen reaffirmed a “hold” rating on shares of Altria Group in a research report on Sunday, September 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $72.90.
Shares of Altria Group (NYSE:MO) traded up $1.50 during trading on Tuesday, reaching $70.08. The company had a trading volume of 9,630,800 shares, compared to its average volume of 6,788,101. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79. The company has a market capitalization of $130,863.67, a P/E ratio of 21.70, a P/E/G ratio of 2.80 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. Altria Group’s revenue was down 1.8% compared to the same quarter last year. sell-side analysts anticipate that Altria Group will post 3.28 EPS for the current fiscal year.
In related news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.11% of the company’s stock.
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Altria Group Company Profile
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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