Altria Group Inc (MO) Stake Decreased by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in Altria Group Inc (NYSE:MO) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 223,476 shares of the company’s stock after selling 8,145 shares during the quarter. Blair William & Co. IL’s holdings in Altria Group were worth $13,478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clearstead Advisors LLC grew its stake in Altria Group by 5.9% in the third quarter. Clearstead Advisors LLC now owns 14,959 shares of the company’s stock worth $902,000 after purchasing an additional 830 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in Altria Group by 2.1% in the third quarter. Wetherby Asset Management Inc. now owns 40,661 shares of the company’s stock worth $2,452,000 after purchasing an additional 855 shares in the last quarter. Pekin Singer Strauss Asset Management IL grew its stake in Altria Group by 9.9% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 9,510 shares of the company’s stock worth $540,000 after purchasing an additional 859 shares in the last quarter. Burney Co. grew its stake in Altria Group by 4.0% in the second quarter. Burney Co. now owns 22,348 shares of the company’s stock worth $1,269,000 after purchasing an additional 859 shares in the last quarter. Finally, Reliance Trust Co. of Delaware grew its stake in Altria Group by 1.3% in the third quarter. Reliance Trust Co. of Delaware now owns 65,627 shares of the company’s stock worth $3,958,000 after purchasing an additional 871 shares in the last quarter. Hedge funds and other institutional investors own 63.79% of the company’s stock.

Shares of NYSE MO opened at $55.94 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 0.77. The firm has a market cap of $103.25 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 1.56 and a beta of 0.40. Altria Group Inc has a 12-month low of $52.90 and a 12-month high of $74.38.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a return on equity of 48.31% and a net margin of 42.13%. As a group, equities research analysts expect that Altria Group Inc will post 3.99 EPS for the current year.

Several research analysts recently issued reports on MO shares. ValuEngine cut Altria Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Jefferies Financial Group cut Altria Group from a “buy” rating to a “hold” rating and set a $61.00 target price on the stock. in a research report on Friday, August 24th. Argus increased their target price on Altria Group from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, October 29th. Finally, Wells Fargo & Co dropped their target price on Altria Group from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Monday. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.08.

COPYRIGHT VIOLATION WARNING: “Altria Group Inc (MO) Stake Decreased by Blair William & Co. IL” was published by American Banking News and is owned by of American Banking News. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/11/30/altria-group-inc-mo-stake-decreased-by-blair-william-co-il.html.

Altria Group Company Profile

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.

Read More: How to Use the New Google Finance Tool

Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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.

Leave a Reply