Health Care

Altria Group (MO) Shares Bought by Rational Advisors LLC

Altria Group (MO) Shares Bought by Rational Advisors LLC”

Federated Investors Inc increased its stake in Altria Group Inc (MO) by 1.82% based on its latest 2017Q2 regulatory filing with the SEC.

Altria Group Inc shares rose $0.21 (+0.33%) in premarket trading Thursday. Halbert Hargrove Russell Ltd invested 0.08% of its portfolio in Altria Group Inc (NYSE:MO). Baystate Wealth Management LLC now owns 3,675 shares of the company's stock valued at $270,000 after purchasing an additional 10 shares in the last quarter. Finally, Gateway Advisory LLC increased its stake in Altria Group by 106.7% in the first quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company's stock worth $118,000 after acquiring an additional 74 shares during the last quarter. Also, Altria Group, Inc. AT Bancorp grew its stake in shares of Altria Group by 0.3% in the first quarter. The company had a trading volume of 868,421 shares. Fishman Jay A Ltd who had been investing in Altria Group Inc for a number of months, seems to be bullish on the $125.53 billion market cap company. Gateway Advisory LLC now owns 15,936 shares of the company's stock valued at $999,000 after buying an additional 8,225 shares in the last quarter.

In related news, Director Dinyar S. Devitre sold 32,000 shares of the firm's stock in a transaction that occurred on Thursday, September 21st. In this case performance of tends to percentage rate of return for a stock for a given time frame. Active and passive investors always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data. The shares were sold at an average price of $66.53, for a total value of $731,830.00. The disclosure for this sale can be found here.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and worldwide copyright & trademark laws. The correct version of this piece of content can be viewed at Mitchell Mcleod Pugh & Williams Inc invested 1.04% in Altria Group Inc (NYSE:MO). 396,747 shares of the company were exchanged. The company's 50 day moving average is $63.54 and its 200-day moving average is $69.11. Altria Group Inc. has $8000 highest and $58.49 lowest target.

The company's Average Earnings Estimate for the Current Fiscal quarter is $0.81, according to consensus of 11 analysts.

For the current quarter, 10 analysts are projecting a mean EPS of $0.82/share. Altria Group had a return on equity of 59.50% and a net margin of 56.98%. The company's revenue was down 1.8% on a year-over-year basis. During the same quarter a year ago, the firm earned $0.82 EPS. Altria Group, Inc. (MO) has the market capitalization of 126.84 Billion. Shareholders of record on Friday, September 15th were paid a $0.66 dividend. Hills Bancorporation And Trust invested 0.08% in Altria Group Inc (NYSE:MO). The stock of Altria Group Inc (NYSE:MO) earned "Buy" rating by Citigroup on Tuesday, September 13. This represents a $2.64 annualized dividend and a yield of 4.07%. Altria Group's payout ratio is now 34.83%.

More news: September unemployment rate falls

"Altria delivered outstanding performance in the third quarter and for the first nine months of 2017 as our core tobacco operating companies generated strong income growth", said Marty Barrington, Altria's Chairman, Chief Executive Officer and President. This repurchase authorization authorizes the company to repurchase up to 0.7% of its shares through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Several equities research analysts have issued reports on MO shares. Wells Fargo & Company reissued an "outperform" rating and issued a $80.00 target price on shares of Altria Group in a report on Monday, July 31st. Altria Group now has an average rating of "Buy" and an average price target of $69.36. Jefferies Group LLC set a $67.00 price target on shares of Altria Group and gave the company a "hold" rating in a report on Thursday, August 24th. Altria Group has a consensus rating of "Hold" and an average price target of $71.99.

At the moment 15 analysts are watching Altria Group (NASDAQ:MO), 5 rate it "Buy", 3 "Outperform", 7 "Underperform", 0 "Sell", while 0 "Hold".

Among 30 analysts covering Estee Lauder (NYSE:EL), 23 have Buy rating, 1 Sell and 6 Hold. Fulton Bank Na has invested 0.65% of its portfolio in Altria Group Inc (NYSE:MO). Year to Date (YTD) performance of Altria Group, Inc.

The key smokeable products segment reflected the issues that the entire company faced.

Altria Group is the parent company of Philip Morris USA, U.S. Smokeless Tobacco Company, John Middleton, Ste.

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