Blue Fin Capital Inc. Has $624,000 Position in Altria Group Inc (NYSE:MO)

Blue Fin Capital Inc. decreased its position in Altria Group Inc (NYSE:MO) by 10.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,186 shares of the company’s stock after selling 1,605 shares during the period. Blue Fin Capital Inc.’s holdings in Altria Group were worth $624,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Grimes & Company Inc. increased its position in shares of Altria Group by 9.3% during the 1st quarter. Grimes & Company Inc. now owns 8,387 shares of the company’s stock worth $481,000 after purchasing an additional 717 shares during the last quarter. FMR LLC increased its position in shares of Altria Group by 68.1% during the 1st quarter. FMR LLC now owns 78,710,352 shares of the company’s stock worth $4,520,337,000 after purchasing an additional 31,883,878 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Altria Group by 78.2% during the 1st quarter. Clearbridge Investments LLC now owns 347,017 shares of the company’s stock worth $19,929,000 after purchasing an additional 152,302 shares during the last quarter. Laurel Wealth Advisors Inc. increased its position in shares of Altria Group by 15.4% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 54,949 shares of the company’s stock worth $3,156,000 after purchasing an additional 7,339 shares during the last quarter. Finally, 6 Meridian increased its position in shares of Altria Group by 29.1% during the 1st quarter. 6 Meridian now owns 464,466 shares of the company’s stock worth $26,674,000 after purchasing an additional 104,611 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

MO stock opened at $45.49 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.28 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $87.39 billion, a PE ratio of 11.40, a PEG ratio of 1.46 and a beta of 0.38. Altria Group Inc has a 1-year low of $42.40 and a 1-year high of $66.04. The business’s 50 day simple moving average is $48.41 and its 200 day simple moving average is $51.56.

Altria Group (NYSE:MO) last posted its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.10. The business had revenue of $5.19 billion for the quarter, compared to analyst estimates of $5.08 billion. Altria Group had a return on equity of 51.53% and a net margin of 25.04%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.01 EPS. As a group, sell-side analysts predict that Altria Group Inc will post 4.17 EPS for the current fiscal year.

Altria Group declared that its Board of Directors has approved a share repurchase plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 1.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In other Altria Group news, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $52.48, for a total value of $104,960.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Several research analysts have weighed in on the company. Citigroup set a $45.00 price target on Altria Group and gave the stock a “sell” rating in a research report on Friday, April 26th. TheStreet lowered Altria Group from a “b-” rating to a “c+” rating in a research report on Wednesday. Royal Bank of Canada set a $68.00 price target on Altria Group and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley lowered their price target on Altria Group from $48.00 to $44.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Finally, ValuEngine lowered Altria Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Altria Group presently has an average rating of “Hold” and a consensus target price of $60.74.

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

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