Altria Group Inc (MO) Position Trimmed by Ashfield Capital Partners LLC

Ashfield Capital Partners LLC lowered its position in Altria Group Inc (NYSE:MO) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,513 shares of the company’s stock after selling 1,038 shares during the period. Ashfield Capital Partners LLC’s holdings in Altria Group were worth $1,297,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MO. Daiwa Securities Group Inc. lifted its stake in Altria Group by 9.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 79,711 shares of the company’s stock worth $4,807,000 after purchasing an additional 6,700 shares in the last quarter. Mission Wealth Management LP lifted its stake in Altria Group by 8.2% in the 3rd quarter. Mission Wealth Management LP now owns 19,002 shares of the company’s stock worth $1,146,000 after purchasing an additional 1,446 shares in the last quarter. Private Advisor Group LLC lifted its stake in Altria Group by 15.6% in the 3rd quarter. Private Advisor Group LLC now owns 256,876 shares of the company’s stock worth $15,492,000 after purchasing an additional 34,661 shares in the last quarter. Chicago Equity Partners LLC lifted its stake in Altria Group by 11.9% in the 3rd quarter. Chicago Equity Partners LLC now owns 75,275 shares of the company’s stock worth $4,540,000 after purchasing an additional 8,005 shares in the last quarter. Finally, Financial Sense Advisors Inc. lifted its stake in Altria Group by 126.7% in the 3rd quarter. Financial Sense Advisors Inc. now owns 127,528 shares of the company’s stock worth $7,691,000 after purchasing an additional 71,266 shares in the last quarter. 63.33% of the stock is owned by institutional investors.

Shares of NYSE MO opened at $64.63 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.36 and a current ratio of 0.60. The stock has a market cap of $119.64 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.40. Altria Group Inc has a 12-month low of $53.91 and a 12-month high of $74.38.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The firm had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. As a group, sell-side analysts expect that Altria Group Inc will post 3.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Friday, September 14th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.95%. This is a boost from Altria Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, September 13th. Altria Group’s dividend payout ratio is currently 94.67%.

MO has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Tuesday, September 25th. Jefferies Financial Group cut shares of Altria Group from a “buy” rating to a “hold” rating and set a $61.00 price target on the stock. in a research note on Friday, August 24th. Sanford C. Bernstein initiated coverage on shares of Altria Group in a research note on Tuesday, October 16th. They issued a “market perform” rating on the stock. Bank of America set a $70.00 price target on shares of Altria Group and gave the stock a “buy” rating in a research note on Thursday, September 13th. Finally, Stifel Nicolaus decreased their price target on shares of Altria Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $69.87.

In other news, Director Dinyar S. Devitre sold 3,165 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total transaction of $184,962.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

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About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

Further Reading: What is an Initial Public Offering (IPO)?

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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