Municipal Employees Retirement System of Michigan reduced its holdings in Altria Group Inc (NYSE:MO) by 13.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,850 shares of the company’s stock after selling 13,370 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Altria Group were worth $5,571,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of MO. Janus Henderson Group PLC lifted its holdings in Altria Group by 21,647.0% during the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after buying an additional 19,740,509 shares in the last quarter. BlackRock Inc. lifted its holdings in Altria Group by 7.6% during the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after buying an additional 8,969,677 shares in the last quarter. Capital World Investors lifted its holdings in Altria Group by 27.6% during the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after buying an additional 8,914,575 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Altria Group by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after purchasing an additional 2,690,270 shares during the period. Finally, APG Asset Management N.V. lifted its stake in shares of Altria Group by 67.7% in the 3rd quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock valued at $310,314,000 after purchasing an additional 1,974,500 shares during the period. 62.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Altria Group Inc (NYSE MO) opened at $70.29 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. Altria Group Inc has a 1 year low of $60.01 and a 1 year high of $77.79. The company has a market cap of $134,130.00, a price-to-earnings ratio of 8.79, a P/E/G ratio of 2.65 and a beta of 0.62.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. research analysts expect that Altria Group Inc will post 3.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Wednesday, December 20th. Altria Group’s dividend payout ratio is currently 33.00%.
MO has been the topic of a number of analyst reports. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price target on the stock in a research note on Tuesday, October 24th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Wednesday, October 11th. Citigroup cut their price target on Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Cowen raised Altria Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from $64.00 to $71.00 in a research note on Tuesday, September 26th. Finally, Jefferies Group set a $72.00 price target on Altria Group and gave the company a “hold” rating in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Altria Group currently has an average rating of “Hold” and a consensus price target of $72.87.
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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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