Capital Square LLC grew its holdings in shares of Altria Group, Inc. (NYSE:MO – Get Rating) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,850 shares of the company's stock after buying an additional 807 shares during the quarter. Altria Group accounts for about 2.4% of Capital Square LLC's holdings, making the stock its 7th biggest position. Capital Square LLC's holdings in Altria Group were worth $3,336,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the business. AE Wealth Management LLC boosted its holdings in Altria Group by 14.9% during the first quarter. AE Wealth Management LLC now owns 195,595 shares of the company's stock worth $10,220,000 after purchasing an additional 25,413 shares during the last quarter. Abacus Planning Group Inc. purchased a new position in Altria Group during the first quarter worth about $227,000. Allworth Financial LP boosted its holdings in Altria Group by 12.9% during the first quarter. Allworth Financial LP now owns 58,262 shares of the company's stock worth $3,044,000 after purchasing an additional 6,642 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in Altria Group by 7.9% during the fourth quarter. Westwood Holdings Group Inc. now owns 211,536 shares of the company's stock worth $10,025,000 after purchasing an additional 15,440 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its stake in Altria Group by 1.6% in the first quarter. Capital Investment Advisors LLC now owns 546,169 shares of the company's stock valued at $28,537,000 after acquiring an additional 8,838 shares during the last quarter. 59.05% of the stock is currently owned by institutional investors and hedge funds.
Get Altria Group alerts:Altria Group Trading Up 0.0 %
Shares of NYSE:MO traded up $0.01 during trading on Thursday, reaching $44.24. The company had a trading volume of 107,019 shares, compared to its average volume of 8,657,867. Altria Group, Inc. has a 12 month low of $41.00 and a 12 month high of $57.05. The stock has a market capitalization of $79.67 billion, a P/E ratio of 45.60, a price-to-earnings-growth ratio of 2.26 and a beta of 0.62. The company has a fifty day moving average of $45.57 and a two-hundred day moving average of $50.06.
Altria Group (NYSE:MO – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.01. The company had revenue of $5.37 billion during the quarter, compared to analysts' expectations of $5.42 billion. Altria Group had a net margin of 6.88% and a negative return on equity of 488.86%. The firm's revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. As a group, equities research analysts predict that Altria Group, Inc. will post 4.86 earnings per share for the current year.Altria Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Wednesday, June 15th were given a dividend of $0.90 per share. The ex-dividend date was Tuesday, June 14th. This represents a $3.60 annualized dividend and a yield of 8.14%. Altria Group's payout ratio is currently 371.13%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Cowen dropped their target price on shares of Altria Group from $56.00 to $45.00 and set a "market perform" rating on the stock in a research note on Monday, June 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Altria Group from $60.00 to $46.00 and set a "buy" rating on the stock in a research report on Friday, July 1st. Cowen lowered their price target on shares of Altria Group from $56.00 to $45.00 and set a "market perform" rating on the stock in a research report on Monday, June 27th. Bank of America lowered their price target on shares of Altria Group from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Friday, July 8th. Finally, Morgan Stanley raised shares of Altria Group from an "underweight" rating to an "equal weight" rating and lowered their price target for the company from $47.00 to $43.00 in a research report on Friday, June 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Altria Group presently has a consensus rating of "Hold" and a consensus target price of $47.00.
Altria Group Profile
(Get Rating)
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.
Featured Stories
- Get a free copy of the StockNews.com research report on Altria Group (MO)
- Chipotle Mexican Grill Or Shake Shak? Which Is The Tastier Play
- Activision Blizzard Banks On A Flurry Of New Content
- Energy Transfer Is A Value Among High-Yield Energy Infrastructure
- 3 Low Priced Stocks With Good Growth Prospects
- 3 Pharma Stocks' Post-Earnings Price Moves
Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group, Inc. (NYSE:MO – Get Rating).
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.