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Institutional investor Invst LLC reduced Altria Group holdings by 72% in Q1 as the company missed Q2 earnings estimates.
Institutional investor Invst LLC reduced its Altria Group holdings by 72% in Q1, as the American multinational tobacco company reported missing Q2 earnings estimates by $0.04, with EPS of $1.31.
However, Altria Group had a high revenue of $6.21bn, a strong net margin of 42.25%, and a large dividend yield of 7.68%.
Several analysts have issued mixed reports on MO shares, with average rating of "Hold" and a consensus target price of $47.90.
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El inversor institucional Invst LLC redujo las participaciones del Grupo Altria en un 72% en el primer trimestre, ya que la empresa perdió las estimaciones de ganancias del segundo trimestre.