Bar Harbor Trust Services maintained its stake in shares of Altria Group (NYSE:MO) during the third quarter, Holdings Channel reports. The fund owned 5,078 shares of the company’s stock at the end of the third quarter. Bar Harbor Trust Services’ holdings in Altria Group were worth $321,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Altria Group by 2.8% in the second quarter. Vanguard Group Inc. now owns 125,294,855 shares of the company’s stock worth $8,640,334,000 after buying an additional 3,366,581 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Altria Group by 0.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 52,932,938 shares of the company’s stock worth $3,346,950,000 after buying an additional 489,813 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Altria Group by 2.1% in the third quarter. BlackRock Fund Advisors now owns 33,275,054 shares of the company’s stock worth $2,103,982,000 after buying an additional 697,380 shares in the last quarter. FMR LLC increased its position in shares of Altria Group by 10.7% in the second quarter. FMR LLC now owns 25,539,336 shares of the company’s stock worth $1,761,192,000 after buying an additional 2,464,718 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Altria Group by 0.8% in the third quarter. Northern Trust Corp now owns 24,759,366 shares of the company’s stock worth $1,565,535,000 after buying an additional 203,269 shares in the last quarter. Hedge funds and other institutional investors own 60.92% of the company’s stock.
Altria Group (NYSE:MO) traded up 0.237% during midday trading on Friday, hitting $71.018. The company had a trading volume of 4,927,576 shares. The stock has a market cap of $138.63 billion, a PE ratio of 26.698 and a beta of 0.55. The stock’s 50-day moving average price is $67.97 and its 200-day moving average price is $65.71. Altria Group has a 52-week low of $58.84 and a 52-week high of $71.22.
Altria Group (NYSE:MO) last released its earnings results on Thursday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. Altria Group had a return on equity of 202.19% and a net margin of 20.19%. The company had revenue of $6.90 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Altria Group will post $3.03 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 10th. Shareholders of record on Thursday, December 22nd were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Tuesday, December 20th. Altria Group’s payout ratio is 91.73%.
A number of equities analysts have issued reports on MO shares. Bank of America Corp upgraded Altria Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $70.00 to $75.00 in a research report on Wednesday, January 4th. Vetr downgraded Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.00 target price on the stock. in a research report on Monday, October 24th. Morgan Stanley restated an “equal weight” rating and issued a $65.00 target price on shares of Altria Group in a research report on Tuesday, November 29th. Jefferies Group LLC restated a “hold” rating and issued a $68.00 target price on shares of Altria Group in a research report on Wednesday, November 16th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $68.00 target price (down previously from $69.00) on shares of Altria Group in a research report on Saturday, October 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $70.52.
In other Altria Group news, CEO Martin J. Barrington sold 15,960 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $65.85, for a total transaction of $1,050,966.00. Following the transaction, the chief executive officer now owns 833,577 shares in the company, valued at approximately $54,891,045.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.
Altria Group Company Profile
Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.
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