TD Asset Management Inc. Has $140.03 Million Holdings in Altria Group (MO)

TD Asset Management Inc. grew its position in Altria Group (NYSE:MO) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,880,362 shares of the company’s stock after purchasing an additional 19,974 shares during the quarter. TD Asset Management Inc. owned about 0.10% of Altria Group worth $140,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in shares of Altria Group by 164.9% during the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 244,398 shares of the company’s stock worth $18,149,000 after buying an additional 152,121 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of Altria Group by 10.3% during the first quarter. Westwood Holdings Group Inc. now owns 155,121 shares of the company’s stock worth $11,079,000 after buying an additional 14,444 shares during the period. SPC Financial Inc. lifted its stake in shares of Altria Group by 1.8% during the first quarter. SPC Financial Inc. now owns 11,150 shares of the company’s stock worth $796,000 after buying an additional 200 shares during the period. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Altria Group during the second quarter worth $20,353,000. Finally, Trexquant Investment LP acquired a new stake in shares of Altria Group during the first quarter worth $1,950,000. 61.82% of the stock is currently owned by institutional investors and hedge funds.

MO has been the subject of several research reports. BidaskClub downgraded shares of Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Wells Fargo & Company reiterated an “outperform” rating and set a $80.00 price objective on shares of Altria Group in a research note on Monday, July 31st. Cowen and Company upgraded shares of Altria Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $64.00 to $71.00 in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Wednesday, October 11th. Finally, Royal Bank Of Canada upgraded shares of Altria Group from an “underperform” rating to a “sector perform” rating and set a $62.00 price objective for the company in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Altria Group has an average rating of “Hold” and a consensus target price of $71.99.

ILLEGAL ACTIVITY WARNING: “TD Asset Management Inc. Has $140.03 Million Holdings in Altria Group (MO)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/17/td-asset-management-inc-has-140-03-million-holdings-in-altria-group-mo.html.

In other Altria Group news, CEO Martin J. Barrington sold 15,300 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $65.03, for a total transaction of $994,959.00. Following the transaction, the chief executive officer now directly owns 701,074 shares of the company’s stock, valued at approximately $45,590,842.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dinyar S. Devitre sold 32,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Altria Group (MO) opened at 65.37 on Tuesday. The firm has a market capitalization of $126.03 billion, a P/E ratio of 8.62 and a beta of 0.64. Altria Group has a 52-week low of $60.01 and a 52-week high of $77.79. The company’s 50-day moving average is $63.30 and its 200-day moving average is $69.51.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). Altria Group had a return on equity of 59.50% and a net margin of 56.98%. The business had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the previous year, the business posted $0.81 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts predict that Altria Group will post $3.27 EPS for the current year.

Altria Group announced that its board has approved a stock buyback program on Thursday, July 27th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 0.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, September 15th were given a dividend of $0.66 per share. This is an increase from Altria Gr

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in shares of Altria Group by 164.9% during the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 244,398 shares of the company’s stock worth $18,149,000 after buying an additional 152,121 shares during the period. Westwood Holdings Group Inc. lifted its stake in shares of Altria Group by 10.3% during the first quarter. Westwood Holdings Group Inc. now owns 155,121 shares of the company’s stock worth $11,079,000 after buying an additional 14,444 shares during the period. SPC Financial Inc. lifted its stake in shares of Altria Group by 1.8% during the first quarter. SPC Financial Inc. now owns 11,150 shares of the company’s stock worth $796,000 after buying an additional 200 shares during the period. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Altria Group during the second quarter worth $20,353,000. Finally, Trexquant Investment LP acquired a new stake in shares of Altria Group during the first quarter worth $1,950,000. 61.82% of the stock is currently owned by institutional investors and hedge funds.

MO has been the subject of several research reports. BidaskClub downgraded shares of Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Wells Fargo & Company reiterated an “outperform” rating and set a $80.00 price objective on shares of Altria Group in a research note on Monday, July 31st. Cowen and Company upgraded shares of Altria Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $64.00 to $71.00 in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Wednesday, October 11th. Finally, Royal Bank Of Canada upgraded shares of Altria Group from an “underperform” rating to a “sector perform” rating and set a $62.00 price objective for the company in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Altria Group has an average rating of “Hold” and a consensus target price of $71.99.

ILLEGAL ACTIVITY WARNING: “TD Asset Management Inc. Has $140.03 Million Holdings in Altria Group (MO)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/17/td-asset-management-inc-has-140-03-million-holdings-in-altria-group-mo.html.

In other Altria Group news, CEO Martin J. Barrington sold 15,300 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $65.03, for a total transaction of $994,959.00. Following the transaction, the chief executive officer now directly owns 701,074 shares of the company’s stock, valued at approximately $45,590,842.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dinyar S. Devitre sold 32,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Altria Group (MO) opened at 65.37 on Tuesday. The firm has a market capitalization of $126.03 billion, a P/E ratio of 8.62 and a beta of 0.64. Altria Group has a 52-week low of $60.01 and a 52-week high of $77.79. The company’s 50-day moving average is $63.30 and its 200-day moving average is $69.51.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). Altria Group had a return on equity of 59.50% and a net margin of 56.98%. The business had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the previous year, the business posted $0.81 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts predict that Altria Group will post $3.27 EPS for the current year.

Altria Group announced that its board has approved a stock buyback program on Thursday, July 27th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 0.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, September 15th were given a dividend of $0.66 per share. This is an increase from Altria Group’s previous quarterly dividend of $0.61. This represents a $2.64 annualized dividend and a yield of 4.04%. The ex-dividend date was Thursday, September 14th. Altria Group’s dividend payout ratio (DPR) is presently 34.83%.

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.

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

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