Latest Stocks: Crestwood Advisors Group LLC Has $547,000 Stake in Altria Group Inc (MO)

Latest Stocks: Crestwood Advisors Group LLC Has $547,000 Stake in Altria Group Inc (MO)

Crestwood Advisors Group LLC increased its stake in shares of Altria Group Inc (NYSE:MO) by 10.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,661 shares of the company’s stock after buying an additional 751 shares during the period. Crestwood Advisors Group LLC’s holdings in Altria Group were worth $547,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Counsel LLC increased its position in Altria Group by 1,500.0% in the third quarter. Integrated Wealth Counsel LLC now owns 1,600 shares of the company’s stock valued at $101,000 after buying an additional 1,500 shares in the last quarter. Advantage Investment Management LLC bought a new position in Altria Group during the fourth quarter valued at approximately $116,000. CLS Investments LLC increased its position in Altria Group by 251.9% in the fourth quarter. CLS Investments LLC now owns 1,777 shares of the company’s stock valued at $120,000 after buying an additional 1,272 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new position in Altria Group during the first quarter valued at approximately $134,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Altria Group by 3.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,005 shares of the company’s stock valued at $136,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 60.77% of the company’s stock.

Altria Group Inc (MO) opened at 75.06 on Tuesday. Altria Group Inc has a 12-month low of $60.82 and a 12-month high of $76.54. The stock has a 50 day moving average of $72.01 and a 200-day moving average of $70.81. The company has a market cap of $145.54 billion, a PE ratio of 10.16 and a beta of 0.61.

Altria Group (NYSE:MO) last released its earnings results on Tuesday, May 2nd. The company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.01. The firm had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.63 billion. Altria Group had a return on equity of 109.95% and a net margin of 55.31%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. On average, equities research analysts anticipate that Altria Group Inc will post $3.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 10th. Investors of record on Thursday, June 15th will be given a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 3.25%. Altria Group’s payout ratio is 33.47%. Several equities analysts recently commented on MO shares. Vetr upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $74.89 price target on the stock in a research note on Monday, April 17th. Royal Bank of Canada downgraded shares of Altria Group from a “sector perform” rating to an “underperform” rating and set a $62.00 price target on the stock. in a research note on Thursday, March 23rd. They noted that the move was a valuation call. Barclays PLC restated an “equal weight” rating and issued a $74.00 price target on shares of Altria Group in a research note on Wednesday, March 29th. Jefferies Group LLC restated a “hold” rating and issued a $71.00 price target on shares of Altria Group in a research note on Friday, March 24th. Finally, Zacks Investment Research downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $72.35.

In related news, Director Dinyar S. Devitre sold 4,285 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $70.72, for a total value of $303,035.20. Following the completion of the sale, the director now owns 112,457 shares in the company, valued at approximately $7,952,959.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Munoz sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $72.35, for a total value of $361,750.00. The disclosure for this sale can be found here. Insiders own 0.15% of the company’s stock. Altria Group Company Profile

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