Legal & General Group Plc increased its position in shares of Altria Group Inc (NYSE:MO) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,049,691 shares of the company’s stock after purchasing an additional 10,778 shares during the period. Legal & General Group Plc owned about 0.47% of Altria Group worth $573,986,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MO. Janus Henderson Group PLC boosted its stake in Altria Group by 21,647.0% in the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after buying an additional 19,740,509 shares in the last quarter. BlackRock Inc. boosted its stake in Altria Group by 7.6% in the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after purchasing an additional 8,969,677 shares in the last quarter. Capital World Investors boosted its stake in Altria Group by 27.6% in the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after purchasing an additional 8,914,575 shares in the last quarter. Vanguard Group Inc. boosted its stake in Altria Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after purchasing an additional 2,690,270 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Altria Group by 67.7% in the third quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock worth $310,314,000 after purchasing an additional 1,974,500 shares in the last quarter. Institutional investors and hedge funds own 62.93% of the company’s stock.
Altria Group Inc (MO) opened at $71.28 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. Altria Group Inc has a one year low of $60.01 and a one year high of $77.79. The stock has a market capitalization of $135,710.47, a price-to-earnings ratio of 8.92, a PEG ratio of 2.60 and a beta of 0.62.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. analysts forecast that Altria Group Inc will post 3.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is presently 33.04%.
A number of equities analysts have commented on the company. Berenberg Bank reissued a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. Vetr raised Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price objective on the stock in a research note on Thursday, December 28th. UBS Group reduced their price objective on Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Jefferies Group raised Altria Group from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $70.04 to $70.00 in a research note on Friday. Finally, Wells Fargo & Co boosted their price objective on Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $72.63.
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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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