The Gilman Hill Asset Management LLC Has $494,000 Position in Altria Group Inc (MO)

The Gilman Hill Asset Management LLC Has $494,000 Position in Altria Group Inc (MO)

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in Altria Group by 47.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 15,458,032 shares of the company’s stock valued at $977,411,000 after buying an additional 4,983,941 shares in the last quarter. Janus Capital Management LLC boosted its stake in Altria Group by 18.5% in the fourth quarter. Janus Capital Management LLC now owns 23,722,282 shares of the company’s stock valued at $1,604,101,000 after buying an additional 3,700,520 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Altria Group by 891.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,741,164 shares of the company’s stock valued at $253,062,000 after buying an additional 3,363,935 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Altria Group by 13.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,915,337 shares of the company’s stock valued at $1,481,916,000 after buying an additional 2,676,668 shares in the last quarter. Finally, Putnam Investments LLC boosted its stake in Altria Group by 186.6% in the fourth quarter. Putnam Investments LLC now owns 3,473,614 shares of the company’s stock valued at $234,886,000 after buying an additional 2,261,462 shares in the last quarter. Institutional investors and hedge funds own 60.77% of the company’s stock.

Gilman Hill Asset Management LLC cut its stake in Altria Group Inc (NYSE:MO) by 13.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 6,913 shares of the company’s stock after selling 1,043 shares during the period. Gilman Hill Asset Management LLC’s holdings in Altria Group were worth $494,000 as of its most recent filing with the SEC.

Shares of Altria Group Inc (NYSE:MO) opened at 75.12 on Monday. The firm has a 50-day moving average of $71.92 and a 200-day moving average of $70.59. The company has a market cap of $145.66 billion, a price-to-earnings ratio of 10.17 and a beta of 0.61. Altria Group Inc has a one year low of $60.82 and a one year high of $76.55.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.01. Altria Group had a net margin of 55.31% and a return on equity of 109.95%. The firm had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter last year, the firm earned $0.72 EPS. The company’s revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that Altria Group Inc will post $3.28 EPS for the current fiscal year.

A number of equities analysts have recently commented on the stock. Vetr raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $74.89 price target on the stock in a report on Monday, April 17th. Royal Bank of Canada lowered shares of Altria Group from a “sector perform” rating to an “underperform” rating and set a $62.00 price target on the stock. in a report on Thursday, March 23rd. They noted that the move was a valuation call. Barclays PLC reissued an “equal weight” rating and issued a $74.00 price target on shares of Altria Group in a report on Wednesday, March 29th. Jefferies Group LLC reissued a “hold” rating and issued a $71.00 price target on shares of Altria Group in a report on Friday, March 24th. Finally, Zacks Investment Research lowered shares of Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $72.35. In other news, Director George Munoz sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total value of $361,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dinyar S. Devitre sold 4,285 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $70.72, for a total transaction of $303,035.20. Following the completion of the transaction, the director now owns 112,457 shares in the company, valued at $7,952,959.04. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.

About Altria Group 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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