FDx Advisors Inc. grew its stake in shares of Altria Group Inc (NYSE:MO) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,833 shares of the company’s stock after buying an additional 17,246 shares during the period. FDx Advisors Inc.’s holdings in Altria Group were worth $19,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Solaris Asset Management LLC increased its position in Altria Group by 65.7% during the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after acquiring an additional 557 shares during the last quarter. CKW Financial Group purchased a new stake in shares of Altria Group during the second quarter valued at $109,000. Balentine LLC boosted its stake in shares of Altria Group by 32.4% during the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after purchasing an additional 357 shares during the period. INR Advisory Services LLC purchased a new stake in Altria Group in the second quarter worth about $134,000. Finally, Northwest Investment Counselors LLC lifted its stake in Altria Group by 557.0% in the third quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock worth $115,000 after acquiring an additional 1,543 shares during the period. Hedge funds and other institutional investors own 62.95% of the company’s stock.
Shares of Altria Group Inc (NYSE:MO) traded up $0.52 on Wednesday, hitting $70.34. The company’s stock had a trading volume of 9,255,554 shares, compared to its average volume of 7,160,000. Altria Group Inc has a twelve month low of $60.01 and a twelve month high of $77.79. The firm has a market cap of $134,220.00, a P/E ratio of 8.79, a PEG ratio of 2.29 and a beta of 0.62. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is presently 33.00%.
Several equities analysts have recently issued reports on the stock. Berenberg Bank restated a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. Vetr upgraded shares of Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price target on the stock in a report on Thursday, December 28th. UBS Group cut their price target on shares of Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Jefferies Group upgraded Altria Group from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $70.04 to $70.00 in a research report on Friday, January 19th. Finally, Wells Fargo & Co upped their price objective on Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Altria Group has a consensus rating of “Buy” and an average price target of $72.88.
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About Altria Group
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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