8,839 Shares in Altria Group Inc (MO) Acquired by KAMES CAPITAL plc
KAMES CAPITAL plc bought a new position in shares of Altria Group Inc (NYSE:MO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,839 shares of the company’s stock, valued at approximately $533,000.
Several other large investors have also added to or reduced their stakes in the company. Pekin Singer Strauss Asset Management IL grew its stake in Altria Group by 9.9% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 9,510 shares of the company’s stock valued at $540,000 after purchasing an additional 859 shares during the last quarter. Burney Co. grew its stake in Altria Group by 4.0% in the second quarter. Burney Co. now owns 22,348 shares of the company’s stock valued at $1,269,000 after purchasing an additional 859 shares during the last quarter. Cpwm LLC grew its stake in Altria Group by 23.9% in the second quarter. Cpwm LLC now owns 4,527 shares of the company’s stock valued at $257,000 after purchasing an additional 874 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in Altria Group by 3.9% in the second quarter. 180 Wealth Advisors LLC now owns 23,305 shares of the company’s stock valued at $1,323,000 after purchasing an additional 878 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its stake in Altria Group by 16.4% in the second quarter. Jaffetilchin Investment Partners LLC now owns 6,275 shares of the company’s stock valued at $356,000 after purchasing an additional 882 shares during the last quarter. Institutional investors and hedge funds own 63.12% of the company’s stock.
Several equities analysts have issued reports on the company. Zacks Investment Research lowered Altria Group from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded Altria Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Citigroup lifted their target price on Altria Group from $59.00 to $67.00 and gave the company a “hold” rating in a research note on Friday, September 21st. Morgan Stanley cut their target price on Altria Group from $65.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 26th. Finally, Piper Jaffray Companies set a $75.00 target price on Altria Group and gave the company a “buy” rating in a research note on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $70.28.
Shares of MO stock opened at $60.06 on Friday. Altria Group Inc has a fifty-two week low of $53.91 and a fifty-two week high of $74.38. The stock has a market cap of $113.69 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.71 and a beta of 0.61. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.31 and a current ratio of 0.65.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, July 26th. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.01. Altria Group had a return on equity of 48.88% and a net margin of 42.00%. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. Sell-side analysts predict that Altria Group Inc will post 4 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Friday, September 14th were paid a dividend of $0.80 per share. This is a positive change from Altria Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.33%. Altria Group’s payout ratio is presently 94.67%.
About Altria Group
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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