DekaBank Deutsche Girozentrale cut its position in Altria Group Inc (NYSE:MO) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 611,228 shares of the company’s stock after selling 50,212 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Altria Group were worth $40,443,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Cadinha & Co. LLC grew its stake in shares of 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 buying an additional 2,401 shares in the last quarter. LMR Partners LLP bought a new position in shares of Altria Group in the second quarter valued at $1,120,000. Teacher Retirement System of Texas grew its stake in shares of Altria Group by 4.6% in 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 buying an additional 76,988 shares in the last quarter. Rational Advisors LLC boosted its position in Altria Group by 44.1% during the second quarter. Rational Advisors LLC now owns 27,397 shares of the company’s stock worth $2,040,000 after purchasing an additional 8,384 shares during the period. Finally, Rhumbline Advisers boosted its position in Altria Group by 0.6% during the second quarter. Rhumbline Advisers now owns 2,870,318 shares of the company’s stock worth $213,753,000 after purchasing an additional 17,006 shares during the period. 62.64% of the stock is owned by institutional investors and hedge funds.
Shares of Altria Group Inc (NYSE:MO) opened at $69.61 on Friday. Altria Group Inc has a twelve month low of $60.01 and a twelve month high of $77.79. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. The firm 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.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. research analysts forecast that Altria Group Inc will post 3.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Wednesday, December 20th. Altria Group’s dividend payout ratio is currently 33.00%.
A number of research firms have commented on MO. Royal Bank of Canada reaffirmed a “hold” rating and set a $62.00 price objective on shares of Altria Group in a research report on Tuesday, October 3rd. Vetr raised shares of Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price objective for the company in a research report on Thursday, December 28th. Zacks Investment Research raised shares of Altria Group from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. Wells Fargo & Co lifted their price objective on shares of Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $72.87.
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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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