FinTrust Investment Advisory Services LLC Buys Shares of 14,915 Altria Group Inc (MO)
FinTrust Investment Advisory Services LLC bought a new position in Altria Group Inc (NYSE:MO) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,915 shares of the company’s stock, valued at approximately $946,000. Altria Group makes up about 0.9% of FinTrust Investment Advisory Services LLC’s portfolio, making the stock its 17th biggest holding.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its holdings in Altria Group by 21,647.0% during the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after buying an additional 19,740,509 shares in the last quarter. BlackRock Inc. grew its holdings in Altria Group by 7.6% during the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after buying an additional 8,969,677 shares in the last quarter. Capital World Investors grew its holdings in Altria Group by 27.6% during the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after buying an additional 8,914,575 shares in the last quarter. Vanguard Group Inc. grew its holdings in Altria Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after buying an additional 2,690,270 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in Altria Group by 67.7% during the 3rd quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock valued at $310,314,000 after buying an additional 1,974,500 shares in the last quarter. 62.64% of the stock is owned by institutional investors.
A number of brokerages have issued reports on MO. Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. UBS Group cut their price objective on shares of Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Cowen reaffirmed a “hold” rating on shares of Altria Group in a report on Sunday, September 10th. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 target price for the company. in a report on Monday, October 30th. Finally, Citigroup cut their target price on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $72.57.
Altria Group Inc (NYSE MO) opened at $72.08 on Wednesday. Altria Group Inc has a fifty-two week low of $60.01 and a fifty-two week high of $77.79. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. The firm has a market cap of $137,656.83, a price-to-earnings ratio of 9.02, a P/E/G ratio of 2.95 and a beta of 0.62.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period last year, the firm posted $0.82 earnings per share. Altria Group’s revenue for the quarter was down 1.8% compared to the same quarter last year. research analysts predict that Altria Group Inc will post 3.28 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.66%. Altria Group’s dividend payout ratio is presently 33.04%.
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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