Fulton Bank N.A. Lowers Holdings in Altria Group, Inc. (NYSE:MO)

Fulton Bank N.A. trimmed its holdings in Altria Group, Inc. (NYSE:MO) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,162 shares of the company’s stock after selling 2,407 shares during the period. Fulton Bank N.A.’s holdings in Altria Group were worth $1,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Lynx Investment Advisory bought a new stake in shares of Altria Group in the second quarter worth about $44,000. Trust Co. of Vermont increased its holdings in shares of Altria Group by 0.8% in the second quarter. Trust Co. of Vermont now owns 42,091 shares of the company’s stock worth $1,917,000 after purchasing an additional 320 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Altria Group by 69.6% in the second quarter. Mather Group LLC. now owns 10,011 shares of the company’s stock worth $437,000 after purchasing an additional 4,110 shares during the last quarter. Marathon Strategic Advisors LLC bought a new stake in shares of Altria Group in the second quarter worth about $552,000. Finally, Sugarloaf Wealth Management LLC increased its holdings in shares of Altria Group by 14.6% in the second quarter. Sugarloaf Wealth Management LLC now owns 3,832 shares of the company’s stock worth $175,000 after purchasing an additional 488 shares during the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MO has been the topic of several analyst reports. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Friday, June 28th. Argus raised Altria Group to a “hold” rating in a research note on Friday, May 31st. UBS Group boosted their price objective on Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research note on Monday, April 8th. Stifel Nicolaus boosted their price objective on Altria Group from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Bank of America upped their target price on Altria Group from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and an average target price of $47.90.

Altria Group Trading Up 0.3 %

Shares of MO stock traded up $0.13 during trading hours on Tuesday, reaching $49.48. 8,006,601 shares of the company’s stock were exchanged, compared to its average volume of 10,751,213. The stock’s 50 day moving average is $47.15 and its 200-day moving average is $44.08. The company has a market cap of $84.99 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 3.07 and a beta of 0.66. Altria Group, Inc. has a fifty-two week low of $39.06 and a fifty-two week high of $51.40.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). The business had revenue of $6.21 billion for the quarter, compared to analyst estimates of $5.39 billion. Altria Group had a negative return on equity of 232.55% and a net margin of 42.25%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 earnings per share. Equities analysts anticipate that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 14th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 7.92%. The ex-dividend date was Friday, June 14th. Altria Group’s payout ratio is 82.01%.

Altria Group Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.