Blue Fin Capital Inc. trimmed its holdings in Altria Group Inc (NYSE:MO) by 10.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,186 shares of the company’s stock after selling 1,605 shares during the quarter. Blue Fin Capital Inc.’s holdings in Altria Group were worth $624,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of MO. FMR LLC lifted its position in Altria Group by 68.1% in the first quarter. FMR LLC now owns 78,710,352 shares of the company’s stock worth $4,520,337,000 after purchasing an additional 31,883,878 shares during the period. Geode Capital Management LLC lifted its position in Altria Group by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock worth $1,229,235,000 after purchasing an additional 1,908,626 shares during the period. Janus Henderson Group PLC lifted its position in Altria Group by 5.4% in the first quarter. Janus Henderson Group PLC now owns 18,216,899 shares of the company’s stock worth $1,046,193,000 after purchasing an additional 926,612 shares during the period. Legal & General Group Plc lifted its position in Altria Group by 1.0% in the fourth quarter. Legal & General Group Plc now owns 8,142,832 shares of the company’s stock worth $402,175,000 after purchasing an additional 83,052 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Altria Group by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,006,715 shares of the company’s stock worth $296,655,000 after purchasing an additional 93,073 shares during the period. 64.25% of the stock is owned by institutional investors.
Shares of NYSE:MO opened at $45.49 on Friday. Altria Group Inc has a twelve month low of $42.40 and a twelve month high of $66.04. The firm has a market cap of $87.39 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 1.46 and a beta of 0.38. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.28 and a current ratio of 0.56. The business has a fifty day moving average of $48.41 and a 200-day moving average of $51.56.
Altria Group (NYSE:MO) last announced its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.10. Altria Group had a return on equity of 51.53% and a net margin of 25.04%. The company had revenue of $5.19 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same period last year, the company posted $1.01 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts anticipate that Altria Group Inc will post 4.17 EPS for the current fiscal year.
Altria Group announced that its Board of Directors has approved a share buyback program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 1.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of research analysts have issued reports on MO shares. Wells Fargo & Co reissued a “buy” rating on shares of Altria Group in a report on Friday, August 9th. TheStreet cut Altria Group from a “b-” rating to a “c+” rating in a report on Wednesday. ValuEngine cut Altria Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 29th. Goldman Sachs Group cut Altria Group from a “buy” rating to a “neutral” rating and set a $49.86 price objective for the company. in a report on Friday, July 12th. Finally, Morgan Stanley cut their price objective on Altria Group from $48.00 to $44.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $60.74.
In other news, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $52.48, for a total value of $104,960.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.
Altria Group Company 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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