Strategy Asset Managers LLC cut its position in shares of Altria Group (NYSE:MO) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,407 shares of the company’s stock after selling 2,442 shares during the period. Altria Group accounts for 2.4% of Strategy Asset Managers LLC’s investment portfolio, making the stock its 7th largest position. Strategy Asset Managers LLC’s holdings in Altria Group were worth $10,648,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. APG Asset Management N.V. raised its position in shares of Altria Group by 57.9% in the third quarter. APG Asset Management N.V. now owns 5,357,386 shares of the company’s stock worth $338,748,000 after buying an additional 1,963,900 shares during the period. Bradley Foster & Sargent Inc. CT raised its position in shares of Altria Group by 8.3% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 30,928 shares of the company’s stock worth $1,956,000 after buying an additional 2,368 shares during the period. Isthmus Partners LLC raised its position in shares of Altria Group by 37.8% in the third quarter. Isthmus Partners LLC now owns 1,822 shares of the company’s stock worth $114,000 after buying an additional 500 shares during the period. Stockman Asset Management bought a new position in shares of Altria Group during the third quarter worth $426,000. Finally, Wells Fargo & Company MN raised its position in shares of Altria Group by 2.8% in the third quarter. Wells Fargo & Company MN now owns 12,271,410 shares of the company’s stock worth $775,921,000 after buying an additional 333,840 shares during the period. Institutional investors own 60.04% of the company’s stock.
Altria Group (NYSE:MO) traded up 0.54% on Monday, hitting $64.83. 5,803,872 shares of the stock traded hands. The firm has a market cap of $126.55 billion, a price-to-earnings ratio of 24.37 and a beta of 0.57. Altria Group has a 12-month low of $56.15 and a 12-month high of $70.15. 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 posted its earnings results on Thursday, October 27th. The company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The company earned $6.90 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Analysts forecast that Altria Group will post $3.03 earnings per share for the current year.
MO has been the topic of a number of research reports. Jefferies Group reissued a “hold” rating and issued a $68.00 target price on shares of Altria Group in a research note on Wednesday, November 16th. Vetr downgraded shares of Altria Group from a “buy” rating to a “hold” rating and set a $68.29 target price on the stock. in a research note on Tuesday, November 8th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $68.00 target price (down previously from $69.00) on shares of Altria Group in a research note on Saturday, October 15th. Citigroup Inc. reissued a “buy” rating and issued a $72.00 target price on shares of Altria Group in a research note on Monday, September 26th. Finally, cut their target price on shares of Altria Group from $69.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, September 15th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $69.94.
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 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 directly owns 833,577 shares of the company’s stock, valued at $54,891,045.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.15% of the stock is currently owned by company insiders.
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.