Altria Group (NYSE:MO) Shares Bought by TIAA CREF Trust Co. FSB MO

TIAA CREF Trust Co. FSB MO increased its position in shares of Altria Group (NYSE:MO) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 206,114 shares of the company’s stock after buying an additional 8,446 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in Altria Group were worth $14,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MO. Advantage Investment Management LLC bought a new position in shares of Altria Group during the fourth quarter worth approximately $116,000. Feltz Wealth PLAN Inc. bought a new position in shares of Altria Group during the first quarter worth approximately $134,000. Acropolis Investment Management LLC increased its position in shares of Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock worth $138,000 after buying an additional 5 shares during the last quarter. Zions Bancorporation increased its position in shares of Altria Group by 4.3% in the fourth quarter. Zions Bancorporation now owns 2,428 shares of the company’s stock worth $164,000 after buying an additional 99 shares during the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of Altria Group by 102.5% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,669 shares of the company’s stock worth $191,000 after buying an additional 1,351 shares during the last quarter. 62.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Altria Group (MO) opened at 73.42 on Friday. The company’s 50 day moving average is $75.10 and its 200 day moving average is $72.87. Altria Group has a 12-month low of $60.82 and a 12-month high of $77.79. The company has a market capitalization of $142.36 billion, a P/E ratio of 9.94 and a beta of 0.64.

Altria Group (NYSE:MO) last released its earnings results on Tuesday, May 2nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.74 by $0.01. Altria Group had a net margin of 55.99% and a return on equity of 76.43%. The firm had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the prior year, the business posted $0.72 earnings per share. Altria Group’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts expect that Altria Group will post $3.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Thursday, June 15th were paid a $0.61 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $2.44 annualized dividend and a dividend yield of 3.32%. Altria Group’s dividend payout ratio is presently 33.02%.

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A number of brokerages recently commented on MO. Vetr raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $74.89 price objective on the stock in a research report on Monday, April 3rd. Cowen and Company reaffirmed a “hold” rating and set a $74.00 price objective on shares of Altria Group in a research report on Tuesday, July 11th. Piper Jaffray Companies began coverage on shares of Altria Group in a research report on Wednesday, May 24th. They set an “overweight” rating and a $76.00 price objective on the stock. Zacks Investment Research downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $70.00 price objective (down from $71.00) on shares of Altria Group in a research report on Monday, July 17th. 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’s stock. The company presently has a consensus rating of “Hold” and an average price target of $72.34.

In related news, 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 value of $361,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the director now directly owns 112,457 shares of the company’s stock, valued at $7,952,959.04. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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