Today, Isthmus Partners LLC Reached $114,000 position of Altria Group (MO)

Today, Isthmus Partners LLC Reached $114,000 position  of Altria Group (MO)

Isthmus Partners LLC raised its position in shares of Altria Group (NYSE:MO) by 37.8% during the third quarter, Holdings Channel reports. The institutional investor owned 1,822 shares of the company’s stock after buying an additional 500 shares during the period. Isthmus Partners LLC’s holdings in Altria Group were worth $114,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mizuho Trust & Banking Co. Ltd. boosted its stake in Altria Group by 1.0% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 3,170,709 shares of the company’s stock worth $218,652,000 after buying an additional 30,346 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Altria Group by 1.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,687,561 shares of the company’s stock worth $116,374,000 after buying an additional 17,417 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Altria Group by 6.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,932,109 shares of the company’s stock worth $133,238,000 after buying an additional 109,612 shares during the period. Acadian Asset Management LLC boosted its stake in Altria Group by 21.9% in the second quarter. Acadian Asset Management LLC now owns 2,517,741 shares of the company’s stock worth $173,623,000 after buying an additional 452,444 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Altria Group by 4.5% in the second quarter. State of Alaska Department of Revenue now owns 268,676 shares of the company’s stock worth $18,527,000 after buying an additional 11,624 shares during the period. Institutional investors own 60.91% of the company’s stock.

Shares of Altria Group (NYSE:MO) traded up 0.72% during midday trading on Friday, reaching $64.48. The company’s stock had a trading volume of 3,459,396 shares. Altria Group has a 1-year low of $56.15 and a 1-year high of $70.15. The company has a market capitalization of $125.86 billion, a P/E ratio of 24.24 and a beta of 0.57. The stock has a 50 day moving average of $63.51 and a 200-day moving average of $65.25.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The company earned $6.90 billion during the quarter, compared to analyst estimates of $5.11 billion. Altria Group had a net margin of 20.19% and a return on equity of 202.19%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. On average, equities research analysts anticipate that Altria Group will post $3.03 earnings per share for the current year.

MO has been the topic of a number of research analyst reports. cut their target price on Altria Group from $69.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, September 15th. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $75.77 price target on the stock. in a research report on Monday, August 1st. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $68.00 price target (down previously from $69.00) on shares of Altria Group in a research report on Saturday, October 15th. Argus set a $73.00 price target on Altria Group and gave the company a “buy” rating in a research report on Monday, August 1st. Finally, Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Altria Group has a consensus rating of “Buy” and a consensus price target of $69.94.

In related news, CEO Martin J. Barrington sold 15,960 shares of Altria Group stock in a transaction on Monday, October 31st. The shares were sold at an average price of $65.85, for a total value of $1,050,966.00. Following the completion of the sale, the chief executive officer now owns 833,577 shares of the company’s stock, valued at approximately $54,891,045.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company 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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