Abner Herrman & Brock LLC Lifted Holding in Altria Group Inc (MO)

Abner Herrman & Brock LLC Lifted Holding in Altria Group Inc (MO)

Abner Herrman & Brock LLC boosted its stake in Altria Group Inc (NYSE:MO) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,473 shares of the company’s stock after buying an additional 281 shares during the period. Abner Herrman & Brock LLC’s holdings in Altria Group were worth $1,534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Counsel LLC increased its position in Altria Group by 1,500.0% in the third quarter. Integrated Wealth Counsel LLC now owns 1,600 shares of the company’s stock valued at $101,000 after buying an additional 1,500 shares in the last quarter. Advantage Investment Management LLC purchased a new position in Altria Group during the fourth quarter valued at about $116,000. CLS Investments LLC increased its position in Altria Group by 251.9% in the fourth quarter. CLS Investments LLC now owns 1,777 shares of the company’s stock valued at $120,000 after buying an additional 1,272 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new position in Altria Group during the first quarter valued at about $134,000. Finally, Acropolis Investment Management LLC increased its position in Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock valued at $138,000 after buying an additional 5 shares in the last quarter. 60.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Altria Group Inc (MO) opened at 75.40 on Friday. Altria Group Inc has a 52-week low of $60.82 and a 52-week high of $76.55. The company has a market cap of $146.20 billion, a PE ratio of 10.20 and a beta of 0.61. The company has a 50 day moving average of $71.80 and a 200-day moving average of $70.49.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Thursday, June 15th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Tuesday, June 13th. Altria Group’s payout ratio is 33.47%.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Vetr cut shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $80.18 target price for the company. in a research report on Monday, May 22nd. Piper Jaffray Companies assumed coverage on shares of Altria Group in a research report on Wednesday, May 24th. They set an “overweight” rating and a $76.00 target price for the company. Berenberg Bank cut shares of Altria Group from a “buy” rating to a “hold” rating and set a $76.00 target price for the company. in a research report on Friday, February 3rd. Finally, Royal Bank of Canada reiterated a “sell” rating and set a $62.00 target price on shares of Altria Group in a research report on Friday, May 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s 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 stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total value of $361,750.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dinyar S. Devitre sold 4,285 shares of the stock in a transaction on 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 directly owns 112,457 shares in the company, valued at approximately $7,952,959.04. The disclosure for this sale can be found here. 0.15% of the stock is owned by corporate insiders.

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.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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