Dynamic Technology Lab Private Ltd grew its stake in Altria Group Inc (NYSE:MO) by 327.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,389 shares of the company’s stock after purchasing an additional 30,170 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Altria Group were worth $2,375,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of MO. Bank of New York Mellon Corp lifted its stake in shares of Altria Group by 82,381.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 22,356,466 shares of the company’s stock valued at $1,348,318,000 after purchasing an additional 22,329,361 shares during the last quarter. Morgan Stanley lifted its stake in shares of Altria Group by 49.6% in the 2nd quarter. Morgan Stanley now owns 16,461,864 shares of the company’s stock valued at $934,869,000 after purchasing an additional 5,454,989 shares during the last quarter. FMR LLC lifted its stake in shares of Altria Group by 14.1% in the 2nd quarter. FMR LLC now owns 37,263,858 shares of the company’s stock valued at $2,116,214,000 after purchasing an additional 4,613,088 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Altria Group by 3.4% in the 2nd quarter. BlackRock Inc. now owns 138,589,215 shares of the company’s stock valued at $7,870,481,000 after purchasing an additional 4,581,335 shares during the last quarter. Finally, Charles Schwab Investment Advisory Inc. purchased a new stake in shares of Altria Group in the second quarter worth approximately $178,215,000. 64.49% of the stock is owned by institutional investors and hedge funds.
MO has been the topic of several recent analyst reports. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Tuesday, September 25th. Jefferies Financial Group downgraded Altria Group from a “buy” rating to a “hold” rating and set a $61.00 price target on the stock. in a report on Friday, August 24th. Sanford C. Bernstein initiated coverage on Altria Group in a report on Tuesday, October 16th. They issued a “market perform” rating on the stock. ValuEngine upgraded Altria Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Finally, Wells Fargo & Co reduced their price target on Altria Group from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Monday, November 26th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $68.08.
MO opened at $54.40 on Thursday. The firm has a market cap of $102.22 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.59 and a beta of 0.37. Altria Group Inc has a 52 week low of $52.90 and a 52 week high of $74.38. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 0.77.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 25th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a return on equity of 48.31% and a net margin of 42.13%. On average, equities research analysts forecast that Altria Group Inc will post 3.99 EPS for the current fiscal year.
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Altria Group Company Profile
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.
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