Toronto Dominion Bank lowered its position in Altria Group Inc (NYSE:MO) by 99.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,936 shares of the company’s stock after selling 2,256,297 shares during the period. Toronto Dominion Bank’s holdings in Altria Group were worth $52,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Balentine LLC purchased a new stake in Altria Group in the first quarter worth $75,000. Empirical Finance LLC grew its position in shares of Altria Group by 3.7% in the second quarter. Empirical Finance LLC now owns 6,985 shares of the company’s stock valued at $274,000 after purchasing an additional 249 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Altria Group by 2.7% in the second quarter. State of Alaska Department of Revenue now owns 330,463 shares of the company’s stock valued at $12,970,000 after purchasing an additional 8,802 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of Altria Group by 44.2% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,906 shares of the company’s stock valued at $74,000 after purchasing an additional 584 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Altria Group by 3.3% in the second quarter. Principal Financial Group Inc. now owns 2,755,517 shares of the company’s stock valued at $108,154,000 after purchasing an additional 88,674 shares in the last quarter. Institutional investors and hedge funds own 63.59% of the company’s stock.
Shares of MO stock traded down $0.21 during midday trading on Thursday, reaching $43.44. 179,442 shares of the stock were exchanged, compared to its average volume of 6,606,322. Altria Group Inc has a 1 year low of $30.95 and a 1 year high of $52.45. The company’s 50 day moving average is $41.28 and its two-hundred day moving average is $40.49. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 4.76. The firm has a market cap of $80.32 billion, a PE ratio of -83.11, a price-to-earnings-growth ratio of 2.01 and a beta of 0.43.
Altria Group (NYSE:MO) last posted its earnings results on Tuesday, July 28th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Altria Group had a positive return on equity of 109.11% and a negative net margin of 3.57%. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the prior year, the business earned $1.10 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities analysts expect that Altria Group Inc will post 4.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.86 per share. This is an increase from Altria Group’s previous quarterly dividend of $0.84. The ex-dividend date is Monday, September 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 7.92%. Altria Group’s dividend payout ratio is 79.62%.
Several brokerages have recently weighed in on MO. Deutsche Bank lifted their price target on Altria Group from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Citigroup lifted their price target on Altria Group from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. ValuEngine lowered Altria Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 6th. Stifel Nicolaus reissued a “buy” rating and issued a $52.00 target price on shares of Altria Group in a research note on Monday, June 8th. Finally, Cfra boosted their target price on Altria Group from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $50.36.
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.
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