State of Wisconsin Investment Board grew its position in shares of Altria Group Inc (NYSE:MO) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,504,710 shares of the company’s stock after purchasing an additional 3,964 shares during the quarter. State of Wisconsin Investment Board owned 0.13% of Altria Group worth $158,849,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Altria Group by 2.0% during the second 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 last quarter. BlackRock Inc. boosted its position in Altria Group by 7.6% during the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after purchasing an additional 8,969,677 shares during the last quarter. Capital World Investors boosted its position in Altria Group by 27.6% during the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after purchasing an additional 8,914,575 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Altria Group by 5.3% during the second quarter. Ameriprise Financial Inc. now owns 20,802,163 shares of the company’s stock valued at $1,550,057,000 after purchasing an additional 1,040,839 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after buying an additional 19,740,509 shares in the last quarter. Institutional investors and hedge funds own 62.64% of the company’s stock.
Altria Group Inc (MO) opened at $70.29 on Thursday. The stock has a market capitalization of $134,130.00, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. Altria Group Inc has a 1-year low of $60.01 and a 1-year high of $77.79. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14.
Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. equities 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 several recent research reports. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Wednesday, October 11th. Piper Jaffray Companies restated a “buy” rating and set a $76.00 price target on shares of Altria Group in a research note on Friday, October 27th. Vetr upgraded 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. Berenberg Bank upgraded Altria Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $60.01 to $71.00 in a research note on Tuesday, December 19th. Finally, UBS Group decreased their price objective on Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price 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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