Altria Group Inc (NYSE:MO) Shares Sold by Guggenheim Capital LLC
Guggenheim Capital LLC lessened its holdings in shares of Altria Group Inc (NYSE:MO) by 32.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 287,584 shares of the company’s stock after selling 141,140 shares during the period. Guggenheim Capital LLC’s holdings in Altria Group were worth $11,120,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC increased its position in Altria Group by 197.5% during the fourth quarter. Acadian Asset Management LLC now owns 12,012 shares of the company’s stock worth $599,000 after buying an additional 7,975 shares during the period. Roundview Capital LLC acquired a new position in Altria Group during the fourth quarter worth approximately $539,000. Bank of The West increased its position in Altria Group by 9.4% during the fourth quarter. Bank of The West now owns 66,985 shares of the company’s stock worth $3,343,000 after buying an additional 5,768 shares during the period. Bollard Group LLC increased its position in Altria Group by 3.0% during the fourth quarter. Bollard Group LLC now owns 69,139 shares of the company’s stock worth $3,451,000 after buying an additional 2,009 shares during the period. Finally, West Bancorporation Inc. acquired a new position in shares of Altria Group in the fourth quarter valued at approximately $398,000. 63.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Altria Group stock traded down $0.76 during trading on Friday, reaching $38.90. The company’s stock had a trading volume of 1,546,113 shares, compared to its average volume of 10,422,502. The company has a quick ratio of 0.53, a current ratio of 0.71 and a debt-to-equity ratio of 4.06. Altria Group Inc has a 12-month low of $30.95 and a 12-month high of $52.45. The company has a market capitalization of $72.77 billion, a P/E ratio of -79.92, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. The business has a 50 day moving average price of $38.90 and a 200-day moving average price of $43.07.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.36 dividend on an annualized basis and a yield of 8.64%. Altria Group’s payout ratio is 79.62%.
A number of research analysts have recently issued reports on MO shares. Cfra boosted their target price on Altria Group from $42.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Deutsche Bank dropped their target price on Altria Group from $56.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Citigroup dropped their target price on Altria Group from $60.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. ValuEngine lowered Altria Group from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Finally, Bank of America dropped their target price on Altria Group from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Altria Group has an average rating of “Buy” and an average target price of $50.79.
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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