Tag: NYSE:MO

Bruce G. Allen Investments LLC acquired a new stake in Altria Group, Inc. (NYSE:MO – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 955 shares of the company’s stock, valued at approximately $39,000.

Other hedge funds also recently modified their holdings of the company. Moneta Group Investment Advisors LLC grew its holdings in Altria Group by 108,222.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 18,590,308 shares of the company’s stock worth $849,763,000 after purchasing an additional 18,573,146 shares during the period. Capital World Investors grew its holdings in Altria Group by 8.5% during the second quarter. Capital World Investors now owns 96,401,945 shares of the company’s stock worth $4,367,008,000 after purchasing an additional 7,546,851 shares during the period. Barclays PLC grew its holdings in Altria Group by 84.1% during the second quarter. Barclays PLC now owns 5,426,522 shares of the company’s stock worth $245,823,000 after purchasing an additional 2,478,576 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Altria Group by 6.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 36,302,349 shares of the company’s stock worth $1,896,798,000 after purchasing an additional 2,178,596 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Altria Group by 54.1% during the third quarter. AQR Capital Management LLC now owns 4,710,670 shares of the company’s stock worth $198,084,000 after purchasing an additional 1,653,455 shares during the period. Institutional investors own 58.94% of the company’s stock.

Altria Group Stock Up 0.3 %

Shares of MO stock opened at $44.77 on Thursday. The firm has a 50 day moving average price of $41.09 and a two-hundred day moving average price of $41.53. The company has a market capitalization of $78.95 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 2.69 and a beta of 0.65. Altria Group, Inc. has a 12-month low of $39.06 and a 12-month high of $48.04.

Altria Group (NYSE:MO – Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.01. Altria Group had a net margin of 33.21% and a negative return on equity of 244.55%. The firm had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the business posted $1.18 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, research analysts expect that Altria Group, Inc. will post 5.08 EPS for the current year.

Altria Group announced that its board has authorized a share repurchase plan on Thursday, February 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Altria Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be given a $0.98 dividend. The ex-dividend date is Friday, March 22nd. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.76%. Altria Group’s payout ratio is 85.78%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MO. StockNews.com cut Altria Group from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. UBS Group reiterated a “sell” rating and set a $36.10 price target on shares of Altria Group in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Altria Group presently has a consensus rating of “Hold” and a consensus price target of $47.22.

View Our Latest Stock Analysis on Altria Group

Altria Group Profile

(Free Report)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

Further Reading

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First Citizens Bank & Trust Co. bought a new position in shares of Altria Group, Inc. (NYSE:MO – Free Report) in the 1st quarter, HoldingsChannel.com reports. The fund bought 4,889 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors have also recently bought and sold shares of MO. Sei Investments Co. raised its stake in Altria Group by 1.6% during the first quarter. Sei Investments Co. now owns 404,894 shares of the company’s stock worth $21,248,000 after acquiring an additional 6,324 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Altria Group by 5.2% in the first quarter. Sequoia Financial Advisors LLC now owns 18,647 shares of the company’s stock valued at $974,000 after buying an additional 929 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Altria Group in the first quarter valued at approximately $25,000. Mackenzie Financial Corp increased its stake in shares of Altria Group by 3.4% in the first quarter. Mackenzie Financial Corp now owns 2,711,773 shares of the company’s stock valued at $141,690,000 after buying an additional 89,334 shares during the period. Finally, First Western Trust Bank acquired a new position in shares of Altria Group in the first quarter valued at approximately $498,000. Institutional investors and hedge funds own 58.38% of the company’s stock.

Wall Street Analyst Weigh In

MO has been the subject of several recent research reports. StockNews.com initiated coverage on Altria Group in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Jefferies Financial Group lowered their price objective on Altria Group from $56.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Altria Group has an average rating of “Hold” and an average price target of $47.50.

Read Our Latest Stock Report on Altria Group

Altria Group Price Performance

Shares of MO stock opened at $43.67 on Friday. The business’s 50 day simple moving average is $44.57 and its 200 day simple moving average is $45.37. Altria Group, Inc. has a one year low of $40.35 and a one year high of $51.57. The stock has a market capitalization of $77.50 billion, a PE ratio of 11.46, a PEG ratio of 2.33 and a beta of 0.59.

Altria Group (NYSE:MO – Get Free Report) last announced its earnings results on Tuesday, August 1st. The company reported $1.31 EPS for the quarter, meeting the consensus estimate of $1.31. Altria Group had a negative return on equity of 225.61% and a net margin of 27.40%. The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.43 billion. During the same period in the prior year, the business posted $1.26 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that Altria Group, Inc. will post 5 earnings per share for the current year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 15th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Altria Group’s previous quarterly dividend of $0.94. This represents a $3.92 annualized dividend and a yield of 8.98%. Altria Group’s dividend payout ratio is presently 98.69%.

Altria Group Profile

(Free Report)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches.

Featured Articles

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Meritage Portfolio Management cut its holdings in shares of Altria Group, Inc. (NYSE:MO – Get Rating) by 82.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,858 shares of the company’s stock after selling 51,867 shares during the quarter. Meritage Portfolio Management’s holdings in Altria Group were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bourgeon Capital Management LLC grew its stake in Altria Group by 85.6% in the 4th quarter. Bourgeon Capital Management LLC now owns 542 shares of the company’s stock valued at $25,000 after buying an additional 250 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Altria Group in the first quarter valued at $25,000. Winch Advisory Services LLC raised its stake in shares of Altria Group by 118.8% during the 4th quarter. Winch Advisory Services LLC now owns 805 shares of the company’s stock valued at $37,000 after purchasing an additional 437 shares during the period. MV Capital Management Inc. lifted its holdings in Altria Group by 39.1% during the 4th quarter. MV Capital Management Inc. now owns 886 shares of the company’s stock worth $40,000 after purchasing an additional 249 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new position in Altria Group in the 1st quarter worth about $41,000. Institutional investors own 58.68% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MO. Stifel Nicolaus initiated coverage on shares of Altria Group in a report on Thursday, April 13th. They issued a “buy” rating and a $52.00 price target on the stock. Citigroup decreased their target price on Altria Group from $49.50 to $47.00 and set a “neutral” rating on the stock in a research note on Monday. StockNews.com began coverage on Altria Group in a research report on Thursday, March 16th. They set a “buy” rating for the company. Finally, Morgan Stanley upped their price objective on shares of Altria Group from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.50.

Altria Group Price Performance

Shares of NYSE MO opened at $46.14 on Wednesday. The stock has a market capitalization of $82.41 billion, a P/E ratio of 14.46, a PEG ratio of 2.23 and a beta of 0.59. Altria Group, Inc. has a one year low of $40.35 and a one year high of $57.05. The firm’s 50 day simple moving average is $46.00 and its two-hundred day simple moving average is $45.55.

Altria Group (NYSE:MO – Get Rating) last announced its quarterly earnings data on Wednesday, February 1st. The company reported $1.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.18. Altria Group had a negative return on equity of 284.29% and a net margin of 22.97%. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period last year, the firm earned $1.09 earnings per share. The company’s revenue for the quarter was down 18.7% compared to the same quarter last year. As a group, equities analysts expect that Altria Group, Inc. will post 5.06 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 24th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 8.15%. The ex-dividend date is Thursday, March 23rd. Altria Group’s dividend payout ratio is 117.87%.

Altria Group Profile

(Get Rating)

Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Oral tobacco products, and Wine. The Smokeable Products segment consists of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.

See Also

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