Tdam USA Inc. trimmed its holdings in shares of Altria Group Inc (NYSE:MO) by 21.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 265,450 shares of the company’s stock after selling 73,817 shares during the quarter. Altria Group accounts for about 1.0% of Tdam USA Inc.’s investment portfolio, making the stock its 28th biggest position. Tdam USA Inc.’s holdings in Altria Group were worth $16,835,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cadinha & Co. LLC increased its holdings 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 buying an additional 2,401 shares during the last quarter. LMR Partners LLP bought a new stake in Altria Group in the second quarter valued at about $1,120,000. Teacher Retirement System of Texas increased its holdings in 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 during the last quarter. Rational Advisors LLC increased its holdings in Altria Group by 44.1% in the second quarter. Rational Advisors LLC now owns 27,397 shares of the company’s stock valued at $2,040,000 after buying an additional 8,384 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Altria Group by 0.6% in the second quarter. Rhumbline Advisers now owns 2,870,318 shares of the company’s stock valued at $213,753,000 after buying an additional 17,006 shares during the last quarter. 62.93% of the stock is currently owned by institutional investors and hedge funds.
Altria Group Inc (MO) opened at $71.12 on Monday. 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 stock has a market capitalization of $135,710.00, a P/E ratio of 8.89, a PEG ratio of 2.60 and a beta of 0.62. Altria Group Inc has a 52-week low of $60.01 and a 52-week high of $77.79.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. research analysts anticipate that Altria Group Inc will post 3.28 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, December 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.71%. Altria Group’s dividend payout ratio is presently 33.00%.
MO has been the subject of several research analyst reports. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Wednesday, October 11th. Piper Jaffray Companies restated a “buy” rating and issued a $76.00 target price on shares of Altria Group in a research note on Friday, October 27th. Vetr upgraded Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 target price for the company in a research note on Tuesday, October 24th. Berenberg Bank upgraded Altria Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $60.01 to $71.00 in a research note on Tuesday, December 19th. Finally, UBS Group decreased their target price on Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $72.63.
Altria Group 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.
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