EFG Asset Management Americas Corp. boosted its stake in shares of Altria Group Inc (NYSE:MO) by 64.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,010 shares of the company’s stock after buying an additional 8,999 shares during the period. EFG Asset Management Americas Corp.’s holdings in Altria Group were worth $1,353,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Altria Group by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after acquiring an additional 1,107,891 shares in the last quarter. Vanguard Group Inc grew its stake in Altria Group by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after acquiring an additional 1,107,891 shares in the last quarter. FMR LLC grew its stake in Altria Group by 13.9% during the 4th quarter. FMR LLC now owns 46,826,474 shares of the company’s stock valued at $2,312,760,000 after acquiring an additional 5,719,727 shares in the last quarter. Geode Capital Management LLC grew its stake in Altria Group by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock valued at $1,229,235,000 after acquiring an additional 1,908,626 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Altria Group by 4,426.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,150,081 shares of the company’s stock valued at $469,000 after acquiring an additional 22,638,593 shares in the last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.
In other news, Director Nabil Y. Sakkab purchased 1,032 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was acquired at an average price of $50.42 per share, with a total value of $52,033.44. Following the purchase, the director now owns 38,308 shares in the company, valued at approximately $1,931,489.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ivan S. Feldman sold 6,802 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $51.18, for a total value of $348,126.36. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
Shares of NYSE MO opened at $56.18 on Thursday. The company has a market capitalization of $105.59 billion, a P/E ratio of 14.08, a PEG ratio of 1.63 and a beta of 0.39. Altria Group Inc has a 52 week low of $42.40 and a 52 week high of $66.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.20 and a quick ratio of 0.09.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, January 31st. The company reported $0.95 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Altria Group had a return on equity of 49.05% and a net margin of 27.45%. During the same quarter in the previous year, the business posted $0.91 EPS. As a group, equities analysts forecast that Altria Group Inc will post 4.2 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 25th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $3.20 annualized dividend and a dividend yield of 5.70%. Altria Group’s payout ratio is 80.20%.
Several research firms have weighed in on MO. TheStreet raised Altria Group from a “c+” rating to a “b-” rating in a research note on Friday, March 29th. ValuEngine raised Altria Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Morgan Stanley lifted their target price on Altria Group from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday. Citigroup set a $52.00 target price on Altria Group and gave the company a “sell” rating in a research note on Thursday, March 28th. Finally, Zacks Investment Research raised Altria Group from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $63.11.
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Altria Group 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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