Beck Mack & Oliver LLC lowered its position in Altria Group Inc (NYSE:MO) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,074 shares of the company’s stock after selling 1,625 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Altria Group were worth $3,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cadinha & Co. LLC lifted its position in Altria Group by 34.8% in the second quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock valued at $693,000 after purchasing an additional 2,401 shares during the last quarter. LMR Partners LLP bought a new position in shares of Altria Group during the second quarter valued at approximately $1,120,000. Teacher Retirement System of Texas raised its holdings in shares of Altria Group by 4.6% during the second quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock valued at $131,317,000 after acquiring an additional 76,988 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings 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 valued at $11,079,000 after acquiring an additional 14,444 shares in the last quarter. Finally, Rational Advisors LLC raised its holdings in shares of Altria Group by 44.1% during the second quarter. Rational Advisors LLC now owns 27,397 shares of the company’s stock valued at $2,040,000 after acquiring an additional 8,384 shares in the last quarter. 62.64% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on MO. Berenberg Bank restated a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. Vetr downgraded Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 target price for the company. in a report on Monday, October 30th. Royal Bank of Canada restated a “hold” rating and set a $62.00 target price on shares of Altria Group in a report on Tuesday, October 3rd. Cowen upgraded Altria Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $64.00 to $71.00 in a report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $72.87.
Shares of Altria Group Inc (NYSE:MO) opened at $69.61 on Friday. Altria Group Inc has a 12 month low of $60.01 and a 12 month high of $77.79. The company has a market capitalization of $132,830.00, a price-to-earnings ratio of 8.70, a PEG ratio of 2.65 and a beta of 0.62. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14.
Altria Group (NYSE:MO) last released its earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. equities research analysts anticipate that Altria Group Inc will post 3.28 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.79%. Altria Group’s dividend payout ratio is currently 33.00%.
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About Altria Group
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.
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