Massmutual Trust Co. FSB ADV boosted its position in Altria Group (NYSE:MO) by 30.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,035 shares of the company’s stock after buying an additional 15,123 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Altria Group were worth $4,645,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Janus Capital Management LLC increased its stake in Altria Group by 18.5% in the fourth quarter. Janus Capital Management LLC now owns 23,722,282 shares of the company’s stock worth $1,604,101,000 after buying an additional 3,700,520 shares during the period. Putnam Investments LLC increased its stake in Altria Group by 186.6% in the fourth quarter. Putnam Investments LLC now owns 3,473,614 shares of the company’s stock worth $234,886,000 after buying an additional 2,261,462 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Altria Group during the fourth quarter worth approximately $151,559,000. Alyeska Investment Group L.P. bought a new stake in Altria Group during the fourth quarter worth approximately $65,629,000. Finally, Canada Pension Plan Investment Board increased its stake in Altria Group by 23.8% in the first quarter. Canada Pension Plan Investment Board now owns 3,799,398 shares of the company’s stock worth $271,353,000 after buying an additional 730,600 shares during the period. Institutional investors own 62.01% of the company’s stock.
Altria Group (MO) opened at 73.42 on Friday. Altria Group has a one year low of $60.82 and a one year high of $77.79. The company has a 50-day moving average of $75.10 and a 200 day moving average of $72.87. The company has a market cap of $142.36 billion, a P/E ratio of 9.94 and a beta of 0.64.
Altria Group (NYSE:MO) last issued its earnings results on Tuesday, May 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Altria Group had a return on equity of 76.43% and a net margin of 55.99%. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the business earned $0.72 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts anticipate that Altria Group will post $3.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Thursday, June 15th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $2.44 annualized dividend and a yield of 3.32%. Altria Group’s dividend payout ratio is presently 33.02%.
A number of research firms have commented on MO. Jefferies Group LLC reaffirmed a “hold” rating and issued a $70.00 target price (down previously from $71.00) on shares of Altria Group in a research report on Monday, July 17th. BidaskClub downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Cowen and Company reaffirmed a “hold” rating and issued a $74.00 target price on shares of Altria Group in a research report on Tuesday, July 11th. Finally, Vetr downgraded shares of Altria Group from a “buy” rating to a “hold” rating and set a $80.38 target price for the company. in a research report on Monday, June 19th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Altria Group presently has an average rating of “Hold” and a consensus target price of $72.34.
In related news, Director Dinyar S. Devitre sold 4,285 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $70.72, for a total transaction of $303,035.20. Following the sale, the director now owns 112,457 shares in the company, valued at $7,952,959.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George Munoz sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total transaction of $361,750.00. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.
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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