First Allied Advisory Services Inc. increased its stake in shares of Altria Group Inc (NYSE:MO) by 3.7% during the fourth quarter, Holdings Channel reports. The fund owned 114,079 shares of the company’s stock after buying an additional 4,096 shares during the period. First Allied Advisory Services Inc.’s holdings in Altria Group were worth $7,714,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of Altria Group by 47.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 15,458,032 shares of the company’s stock valued at $977,411,000 after buying an additional 4,983,941 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Altria Group by 891.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,741,164 shares of the company’s stock valued at $253,062,000 after buying an additional 3,363,935 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Altria Group by 13.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,915,337 shares of the company’s stock valued at $1,481,916,000 after buying an additional 2,676,668 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Altria Group during the fourth quarter valued at approximately $141,762,000. Finally, APG Asset Management N.V. raised its position in shares of Altria Group by 57.9% in the third quarter. APG Asset Management N.V. now owns 5,357,386 shares of the company’s stock valued at $338,748,000 after buying an additional 1,963,900 shares during the last quarter. 60.77% of the stock is owned by hedge funds and other institutional investors.
Altria Group Inc (NYSE:MO) opened at 75.16 on Monday. The firm has a 50-day moving average price of $73.71 and a 200-day moving average price of $67.30. The stock has a market cap of $145.81 billion, a price-to-earnings ratio of 10.32 and a beta of 0.61. Altria Group Inc has a one year low of $59.48 and a one year high of $76.55.
Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, February 1st. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. Altria Group had a return on equity of 109.95% and a net margin of 55.31%. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. Altria Group’s quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts predict that Altria Group Inc will post $3.30 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Wednesday, March 15th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Monday, March 13th. Altria Group’s dividend payout ratio is presently 33.47%.
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A number of equities research analysts have recently commented on the stock. Bank of America Corp raised shares of Altria Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $75.00 in a research note on Wednesday, January 4th. Morgan Stanley reaffirmed an “equal weight” rating and set a $65.00 price objective on shares of Altria Group in a research note on Tuesday, November 29th. Jefferies Group LLC set a $71.00 price target on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, February 17th. Argus lifted their price target on shares of Altria Group from $73.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, Vetr cut shares of Altria Group from a “hold” rating to a “sell” rating and set a $67.75 price target on the stock. in a research note on Monday, January 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Altria Group presently has a consensus rating of “Hold” and an average target price of $71.37.
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.
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