Altria Group Inc (NYSE:MO) Holdings Raised by Hanson & Doremus Investment Management
Hanson & Doremus Investment Management lifted its stake in shares of Altria Group Inc (NYSE:MO) by 81.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,034 shares of the company’s stock after purchasing an additional 464 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Altria Group were worth $49,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in MO. Intellectus Partners LLC increased its stake in Altria Group by 3.7% in the 4th quarter. Intellectus Partners LLC now owns 5,977 shares of the company’s stock worth $300,000 after purchasing an additional 211 shares in the last quarter. Abner Herrman & Brock LLC increased its stake in Altria Group by 2.3% in the 1st quarter. Abner Herrman & Brock LLC now owns 9,426 shares of the company’s stock worth $541,000 after purchasing an additional 213 shares in the last quarter. Riverview Trust Co increased its stake in Altria Group by 7.5% in the 1st quarter. Riverview Trust Co now owns 3,084 shares of the company’s stock worth $177,000 after purchasing an additional 214 shares in the last quarter. Wiley BROS. Aintree Capital LLC increased its stake in Altria Group by 3.5% in the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 6,535 shares of the company’s stock worth $375,000 after purchasing an additional 222 shares in the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in Altria Group by 4.7% in the 1st quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 5,124 shares of the company’s stock worth $294,000 after purchasing an additional 229 shares in the last quarter. 64.39% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on MO. ValuEngine raised USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Zacks Investment Research cut Wix.Com from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Goldman Sachs Group set a €135.00 ($156.98) price target on SAP and gave the stock a “buy” rating in a research note on Friday, July 12th. Citigroup set a $221.00 price target on 3M and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Morgan Stanley dropped their price target on Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Altria Group presently has an average rating of “Hold” and a consensus price target of $60.53.
Altria Group (NYSE:MO) last released its earnings results on Thursday, April 25th. The company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.02). Altria Group had a net margin of 24.87% and a return on equity of 49.42%. The business had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same period last year, the firm earned $0.95 EPS. The company’s revenue was down 6.0% compared to the same quarter last year. Analysts predict that Altria Group Inc will post 4.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th were paid a dividend of $0.80 per share. The ex-dividend date was Thursday, June 13th. This represents a $3.20 annualized dividend and a yield of 6.42%. Altria Group’s dividend payout ratio (DPR) is presently 80.20%.
In other news, SVP Jody L. Begley sold 3,250 shares of Altria Group stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $53.38, for a total transaction of $173,485.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of Altria Group stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $52.48, for a total value of $104,960.00. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
Altria Group 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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