Rhumbline Advisers raised its stake in shares of Altria Group Inc (NYSE:MO) by 1.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,915,635 shares of the company’s stock after purchasing an additional 45,317 shares during the period. Rhumbline Advisers owned 0.15% of Altria Group worth $184,910,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Solaris Asset Management LLC lifted its position in shares of Altria Group by 65.7% in 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 in the last quarter. CKW Financial Group purchased a new position in shares of Altria Group in the second quarter valued at about $109,000. Balentine LLC lifted its position in shares of Altria Group by 32.4% in the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after acquiring an additional 357 shares in the last quarter. INR Advisory Services LLC purchased a new stake in shares of Altria Group in the second quarter worth about $134,000. Finally, Northwest Investment Counselors LLC lifted its position in shares of 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 buying an additional 1,543 shares in the last quarter. 62.95% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on MO. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. Vetr downgraded Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 target price on the stock. in a research report on Monday, October 30th. Piper Jaffray Companies boosted their target price on Altria Group from $76.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, October 31st. Finally, Jefferies Group set a $72.00 target price on Altria Group and gave the stock a “hold” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $73.27.
Shares of Altria Group Inc (NYSE:MO) traded down $0.53 during midday trading on Friday, reaching $69.40. The company’s stock had a trading volume of 8,617,776 shares, compared to its average volume of 7,240,000. The company has a quick ratio of 0.48, a current ratio of 0.64 and a debt-to-equity ratio of 0.85. Altria Group Inc has a 52 week low of $60.01 and a 52 week high of $77.79. The company has a market capitalization of $132,430.00, a PE ratio of 13.07, a P/E/G ratio of 2.23 and a beta of 0.53.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The company had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. equities analysts predict that Altria Group Inc will post 3.88 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were paid a dividend of $0.66 per share. The ex-dividend date was Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.80%. Altria Group’s dividend payout ratio is 49.72%.
Altria Group declared that its board has approved a share repurchase plan on Thursday, February 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
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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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