Global Financial Private Capital LLC Has $26.38 Million Position in Altria Group Inc (MO)

Global Financial Private Capital LLC lowered its position in shares of Altria Group Inc (NYSE:MO) by 11.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 437,167 shares of the company’s stock after selling 58,451 shares during the period. Altria Group accounts for about 0.9% of Global Financial Private Capital LLC’s holdings, making the stock its 26th biggest position. Global Financial Private Capital LLC’s holdings in Altria Group were worth $26,376,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Pekin Singer Strauss Asset Management IL lifted its holdings in shares of Altria Group by 9.9% in the 2nd quarter. Pekin Singer Strauss Asset Management IL now owns 9,510 shares of the company’s stock worth $540,000 after acquiring an additional 859 shares during the last quarter. Burney Co. lifted its holdings in shares of Altria Group by 4.0% in the 2nd quarter. Burney Co. now owns 22,348 shares of the company’s stock worth $1,269,000 after acquiring an additional 859 shares during the last quarter. Reliance Trust Co. of Delaware lifted its holdings in shares of Altria Group by 1.3% in the 3rd quarter. Reliance Trust Co. of Delaware now owns 65,627 shares of the company’s stock worth $3,958,000 after acquiring an additional 871 shares during the last quarter. Cpwm LLC lifted its holdings in shares of Altria Group by 23.9% in the 2nd quarter. Cpwm LLC now owns 4,527 shares of the company’s stock worth $257,000 after acquiring an additional 874 shares during the last quarter. Finally, 180 Wealth Advisors LLC lifted its holdings in shares of Altria Group by 3.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 23,305 shares of the company’s stock worth $1,323,000 after acquiring an additional 878 shares during the last quarter. 64.49% of the stock is owned by institutional investors.

Shares of NYSE:MO traded up $0.90 during trading on Monday, hitting $55.73. The company’s stock had a trading volume of 8,822,297 shares, compared to its average volume of 8,043,924. Altria Group Inc has a 12 month low of $52.90 and a 12 month high of $74.38. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $103.03 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.60 and a beta of 0.38.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 25th. The company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. The firm had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Analysts expect that Altria Group Inc will post 3.99 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Altria Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Jefferies Financial Group set a $56.00 price objective on shares of Altria Group and gave the company a “hold” rating in a research report on Thursday. Piper Jaffray Companies set a $75.00 target price on shares of Altria Group and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Citigroup upped their price target on shares of Altria Group from $59.00 to $67.00 and gave the stock a “hold” rating in a research note on Friday, September 21st. Finally, Wells Fargo & Co reiterated an “outperform” rating on shares of Altria Group in a research note on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $68.08.

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About Altria Group

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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