Numeric Investors LLC bought a new stake in Altria Group (NYSE:MO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,200 shares of the company’s stock, valued at approximately $611,000.
A number of other institutional investors have also added to or reduced their stakes in MO. Nicholas Hoffman & Company LLC. lifted its stake in Altria Group by 0.7% in the second quarter. Nicholas Hoffman & Company LLC. now owns 42,142 shares of the company’s stock valued at $3,138,000 after buying an additional 291 shares during the period. Zacks Investment Management lifted its stake in Altria Group by 2.2% in the second quarter. Zacks Investment Management now owns 693,819 shares of the company’s stock valued at $51,669,000 after buying an additional 15,233 shares during the period. Voya Investment Management LLC lifted its stake in Altria Group by 1.5% in the second quarter. Voya Investment Management LLC now owns 902,301 shares of the company’s stock valued at $67,194,000 after buying an additional 12,932 shares during the period. Ontario Teachers Pension Plan Board lifted its stake in Altria Group by 8.9% in the second quarter. Ontario Teachers Pension Plan Board now owns 548,177 shares of the company’s stock valued at $40,823,000 after buying an additional 45,030 shares during the period. Finally, Cheviot Value Management LLC increased its holdings in shares of Altria Group by 1.0% during the second quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock valued at $218,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 62.70% of the company’s stock.
Altria Group (NYSE MO) opened at $71.54 on Friday. Altria Group has a 1 year low of $60.01 and a 1 year high of $77.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. The company has a market capitalization of $136,435.58, a price-to-earnings ratio of 22.63, a PEG ratio of 2.92 and a beta of 0.62.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 EPS. sell-side analysts forecast that Altria Group will post 3.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.69%. Altria Group’s payout ratio is currently 33.04%.
MO has been the subject of several recent research reports. Jefferies Group set a $67.00 price objective on Altria Group and gave the company a “hold” rating in a report on Thursday, August 24th. BidaskClub downgraded Altria Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Vetr downgraded Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price target for the company. in a report on Wednesday, September 6th. Cowen reiterated a “hold” rating on shares of Altria Group in a report on Sunday, September 10th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $62.00 price target on shares of Altria Group in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $72.90.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.
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Altria Group Company Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
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