Asset Planning Services Inc. LA ADV cut its holdings in Altria Group (NYSE:MO) by 0.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 66,835 shares of the company’s stock after selling 20 shares during the period. Altria Group comprises approximately 4.2% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its biggest position. Asset Planning Services Inc. LA ADV’s holdings in Altria Group were worth $4,977,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. OMERS ADMINISTRATION Corp acquired a new position in shares of Altria Group in the 2nd quarter valued at about $1,609,000. Girard Partners LTD. boosted its holdings in shares of Altria Group by 6.7% in the 2nd quarter. Girard Partners LTD. now owns 120,297 shares of the company’s stock valued at $8,958,000 after buying an additional 7,513 shares during the period. Brighton Jones LLC acquired a new position in shares of Altria Group in the 2nd quarter valued at about $1,619,000. Buckingham Asset Management LLC boosted its holdings in shares of Altria Group by 69.2% in the 2nd quarter. Buckingham Asset Management LLC now owns 17,726 shares of the company’s stock valued at $1,320,000 after buying an additional 7,249 shares during the period. Finally, INR Advisory Services LLC acquired a new position in shares of Altria Group in the 2nd quarter valued at about $134,000. 62.29% of the stock is owned by institutional investors and hedge funds.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $61.22, for a total transaction of $1,959,040.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.
Shares of Altria Group (NYSE MO) opened at $65.88 on Friday. Altria Group has a 52-week low of $60.01 and a 52-week high of $77.79. The company has a market cap of $124,528.48, a PE ratio of 20.65, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, topping 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 company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the firm earned $0.82 EPS. Altria Group’s revenue was down 1.8% on a year-over-year basis. sell-side analysts anticipate that Altria Group will post 3.28 earnings per share for the current fiscal year.
Altria Group announced that its board has approved a share repurchase program on Thursday, July 27th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 0.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several research analysts have recently commented on MO shares. BidaskClub lowered shares of Altria Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Wednesday, October 11th. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price objective on the stock in a research report on Tuesday, October 24th. Wells Fargo & Company reiterated an “outperform” rating and issued a $80.00 price objective on shares of Altria Group in a research report on Monday, July 31st. Finally, Cowen and Company upgraded shares of Altria Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $64.00 to $71.00 in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.38.
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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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