Town & Country Bank & Trust CO dba First Bankers Trust CO reduced its stake in shares of Altria Group Inc (NYSE:MO) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,477 shares of the company’s stock after selling 2,230 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Altria Group were worth $2,562,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KAMES CAPITAL plc acquired a new stake in Altria Group in the third quarter valued at about $533,000. Gradient Investments LLC boosted its stake in Altria Group by 5.1% in the third quarter. Gradient Investments LLC now owns 168,609 shares of the company’s stock valued at $10,169,000 after buying an additional 8,193 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in Altria Group in the third quarter valued at about $103,000. Weybosset Research & Management LLC acquired a new stake in Altria Group in the third quarter valued at about $204,000. Finally, Iberiabank Corp boosted its stake in Altria Group by 27.7% in the third quarter. Iberiabank Corp now owns 17,428 shares of the company’s stock valued at $1,051,000 after buying an additional 3,776 shares in the last quarter. 63.12% of the stock is currently owned by institutional investors.
In other news, Director Dinyar S. Devitre sold 3,165 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $58.44, for a total transaction of $184,962.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.
Altria Group stock opened at $60.06 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.65 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $113.69 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.71 and a beta of 0.61. Altria Group Inc has a 12 month low of $53.91 and a 12 month high of $74.38.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, July 26th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. Altria Group had a return on equity of 48.88% and a net margin of 42.00%. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, research analysts anticipate that Altria Group Inc will post 4 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Friday, September 14th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.33%. This is an increase from Altria Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, September 13th. Altria Group’s dividend payout ratio (DPR) is 94.67%.
MO has been the topic of several research analyst reports. Jefferies Financial Group lowered Altria Group from a “buy” rating to a “hold” rating and set a $61.00 price objective on the stock. in a research note on Friday, August 24th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Tuesday, September 25th. Bank of America set a $70.00 target price on Altria Group and gave the company a “buy” rating in a research report on Thursday, September 13th. Stifel Nicolaus dropped their target price on Altria Group from $78.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, July 27th. Finally, Piper Jaffray Companies set a $75.00 target price on Altria Group and gave the company a “buy” rating in a research report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $70.28.
About Altria Group
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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