NEXT Financial Group Inc Trims Stake in Altria Group Inc (NYSE:MO)

NEXT Financial Group Inc lowered its position in Altria Group Inc (NYSE:MO) by 54.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,833 shares of the company’s stock after selling 31,924 shares during the quarter. NEXT Financial Group Inc’s holdings in Altria Group were worth $1,339,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Julex Capital Management LLC purchased a new stake in shares of Altria Group in the 3rd quarter valued at about $25,000. Simon Quick Advisors LLC increased its position in shares of Altria Group by 518.4% in the fourth quarter. Simon Quick Advisors LLC now owns 538 shares of the company’s stock worth $27,000 after purchasing an additional 451 shares during the last quarter. Manchester Financial Inc. bought a new position in shares of Altria Group in the fourth quarter worth approximately $28,000. Vigilant Capital Management LLC raised its stake in Altria Group by 140.3% in the third quarter. Vigilant Capital Management LLC now owns 704 shares of the company’s stock valued at $29,000 after purchasing an additional 411 shares in the last quarter. Finally, KCS Wealth Advisory purchased a new stake in Altria Group in the third quarter valued at approximately $40,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:MO opened at $51.09 on Wednesday. The business has a 50 day moving average of $50.44 and a 200 day moving average of $47.01. The company has a market capitalization of $95.31 billion, a price-to-earnings ratio of 54.35, a PEG ratio of 1.81 and a beta of 0.44. Altria Group Inc has a 1-year low of $39.30 and a 1-year high of $57.88. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.56 and a quick ratio of 0.27.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Altria Group had a net margin of 7.00% and a return on equity of 56.17%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $1.08 earnings per share. As a group, sell-side analysts anticipate that Altria Group Inc will post 4.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were paid a $0.84 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 6.58%. Altria Group’s dividend payout ratio (DPR) is 84.21%.

Several equities research analysts have issued reports on MO shares. Barclays set a $50.00 target price on shares of Altria Group and gave the company a “buy” rating in a research report on Tuesday, October 8th. Piper Jaffray Companies set a $49.00 price target on shares of Altria Group and gave the stock a “hold” rating in a report on Monday, September 30th. Argus set a $60.00 price objective on shares of Altria Group and gave the company a “buy” rating in a research report on Thursday, October 10th. Morgan Stanley lifted their price objective on shares of Altria Group from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Finally, ValuEngine lowered shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $54.86.

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

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