Trade Report: The Tower Research Capital LLC TRC decides to keep it stake in Altria Group (MO) to the level of $2,887,000

The Tower Research Capital LLC TRC decides to keep it stake in Altria Group (MO) to the level of $2,887,000

Tower Research Capital LLC TRC raised its stake in Altria Group (NYSE:MO) by 1,104.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 41,860 shares of the company’s stock after buying an additional 38,384 shares during the period. Tower Research Capital LLC TRC’s holdings in Altria Group were worth $2,887,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Wade G W & Inc. raised its position in Altria Group by 37.1% in the first quarter. Wade G W & Inc. now owns 5,446 shares of the company’s stock valued at $341,000 after buying an additional 1,474 shares during the period. New Century Investment Management Inc. raised its position in Altria Group by 0.7% in the first quarter. New Century Investment Management Inc. now owns 19,544 shares of the company’s stock valued at $1,225,000 after buying an additional 128 shares during the period. RKL Wealth Management LLC raised its position in Altria Group by 502.8% in the first quarter. RKL Wealth Management LLC now owns 46,130 shares of the company’s stock valued at $2,891,000 after buying an additional 38,477 shares during the period. Sumitomo Life Insurance Co. raised its position in Altria Group by 8.8% in the first quarter. Sumitomo Life Insurance Co. now owns 95,065 shares of the company’s stock valued at $5,957,000 after buying an additional 7,713 shares during the period. Finally, RDL Financial Inc. bought a new position in Altria Group during the first quarter valued at approximately $1,260,000. Institutional investors and hedge funds own 61.29% of the company’s stock.

Altria Group (NYSE:MO) opened at 61.78 on Wednesday. The firm has a market capitalization of $120.72 billion, a P/E ratio of 21.45 and a beta of 0.52. Altria Group has a 12 month low of $55.34 and a 12 month high of $70.15. The stock’s 50 day moving average price is $64.76 and its 200 day moving average price is $65.00.

Altria Group (NYSE:MO) last released its earnings results on Wednesday, July 27th. The company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.01. The firm earned $6.52 billion during the quarter, compared to analyst estimates of $5.01 billion. Altria Group had a net margin of 22.05% and a return on equity of 198.82%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. On average, analysts forecast that Altria Group will post $3.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.61 per share. The ex-dividend date is Tuesday, September 13th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.95%. This is a positive change from Altria Group’s previous quarterly dividend of $0.57. Altria Group’s dividend payout ratio is currently 84.72%.

MO has been the topic of several research reports. Citigroup Inc. reissued a “buy” rating and issued a $72.00 price objective on shares of Altria Group in a research report on Monday, September 26th. Zacks Investment Research lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. Credit Agricole SA dropped 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 lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $72.40 target price on the stock. in a research report on Monday, August 15th. Finally, Berenberg Bank assumed coverage on Altria Group in a research note on Tuesday, June 14th. They issued a “buy” rating and a $74.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Altria Group currently has a consensus rating of “Buy” and a consensus target price of $69.44.

In other news, SVP Charles N. Whitaker sold 11,000 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $66.53, for a total transaction of $731,830.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James E. Dillard III sold 9,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $66.68, for a total transaction of $600,120.00. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock.

About Altria Group

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.

Related posts

Leave a Comment