Consolidated Portfolio Evaluation Corp bought a brand new place in Altria Group, Inc. (NYSE:MO – Free Report) in the course of the second quarter, in accordance with its most up-to-date 13F submitting with the Securities and Alternate Fee. The agency bought 6,139 shares of the corporate’s inventory, valued at roughly $280,000.
Numerous different institutional traders have additionally modified their holdings of the enterprise. Catalyst Monetary Companions LLC lifted its place in shares of Altria Group by 2.0% within the second quarter. Catalyst Monetary Companions LLC now owns 11,269 shares of the corporate’s inventory price $513,000 after shopping for an extra 217 shares over the last quarter. Conning Inc. boosted its place in Altria Group by 2.3% in the course of the second quarter. Conning Inc. now owns 9,794 shares of the corporate’s inventory price $446,000 after buying an extra 219 shares in the course of the interval. Patten & Patten Inc. TN grew its holdings in Altria Group by 1.6% in the course of the first quarter. Patten & Patten Inc. TN now owns 14,293 shares of the corporate’s inventory valued at $623,000 after buying an extra 224 shares over the last quarter. Hilltop Nationwide Financial institution raised its place in shares of Altria Group by 1.6% within the second quarter. Hilltop Nationwide Financial institution now owns 14,667 shares of the corporate’s inventory valued at $668,000 after buying an extra 226 shares in the course of the interval. Lastly, WMG Monetary Advisors LLC lifted its stake in shares of Altria Group by 4.1% within the second quarter. WMG Monetary Advisors LLC now owns 5,784 shares of the corporate’s inventory price $263,000 after shopping for an extra 229 shares over the last quarter. Institutional traders personal 57.41% of the corporate’s inventory.
Altria Group Inventory Up 0.8 %
NYSE MO opened at $53.77 on Monday. Altria Group, Inc. has a twelve month low of $39.06 and a twelve month excessive of $53.82. The inventory has a market cap of $92.36 billion, a P/E ratio of 11.25, a PEG ratio of three.13 and a beta of 0.66. The corporate’s 50-day easy shifting common is $49.35 and its 200 day easy shifting common is $45.57.
Altria Group (NYSE:MO – Get Free Report) final launched its quarterly earnings knowledge on Wednesday, July thirty first. The corporate reported $1.31 earnings per share for the quarter, lacking analysts’ consensus estimates of $1.35 by ($0.04). Altria Group had a web margin of 42.25% and a damaging return on fairness of 232.55%. The corporate had income of $6.21 billion for the quarter, in comparison with analyst estimates of $5.39 billion. Throughout the identical interval within the earlier 12 months, the agency posted $1.31 earnings per share. The agency’s income for the quarter was up 14.2% in comparison with the identical quarter final 12 months. Analysis analysts anticipate that Altria Group, Inc. will publish 5.1 earnings per share for the present 12 months.
Altria Group Will increase Dividend
The enterprise additionally just lately declared a quarterly dividend, which might be paid on Thursday, October tenth. Shareholders of file on Monday, September sixteenth might be given a $1.02 dividend. This represents a $4.08 dividend on an annualized foundation and a yield of seven.59%. It is a enhance from Altria Group’s earlier quarterly dividend of $0.98. The ex-dividend date of this dividend is Monday, September sixteenth. Altria Group’s dividend payout ratio is 85.36%.
Analyst Rankings Adjustments
Numerous analysis analysts just lately issued reviews on MO shares. StockNews.com upgraded shares of Altria Group from a “maintain” ranking to a “purchase” ranking in a analysis word on Friday, June twenty eighth. Stifel Nicolaus raised their worth goal on Altria Group from $50.00 to $54.00 and gave the corporate a “purchase” ranking in a analysis report on Thursday, August 1st. Argus raised Altria Group to a “maintain” ranking in a analysis report on Friday, Might thirty first. Financial institution of America elevated their goal worth on Altria Group from $47.00 to $48.00 and gave the corporate a “impartial” ranking in a analysis word on Wednesday, July tenth. Lastly, Barclays lifted their worth goal on Altria Group from $37.00 to $43.00 and gave the inventory an “underweight” ranking in a analysis report on Wednesday, August 14th. Two analysis analysts have rated the inventory with a promote ranking, three have assigned a maintain ranking and three have issued a purchase ranking to the corporate’s inventory. In keeping with knowledge from MarketBeat.com, the corporate at present has a mean ranking of “Maintain” and a consensus goal worth of $47.08.
Learn Our Newest Report on Altria Group
Altria Group Profile
Altria Group, Inc, by means of its subsidiaries, manufactures and sells smokeable and oral tobacco merchandise in the US. The corporate provides cigarettes primarily beneath the Marlboro model; giant cigars and pipe tobacco beneath the Black & Gentle model; moist smokeless tobacco and snus merchandise beneath the Copenhagen, Skoal, Pink Seal, and Husky manufacturers; oral nicotine pouches beneath the on! model; and e-vapor merchandise beneath the NJOY ACE model.
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