Johnson Financial Group LLC grew its stake in shares of Altria Group Inc (NYSE:MO) by 16.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 6,661 shares of the company’s stock after acquiring an additional 958 shares during the quarter. Altria Group comprises about 0.4% of Johnson Financial Group LLC’s portfolio, making the stock its 23rd biggest holding. Johnson Financial Group LLC’s holdings in Altria Group were worth $422,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new position in shares of Altria Group during the 3rd quarter worth $8,435,000. Park Avenue Securities LLC raised its holdings in shares of Altria Group by 25.7% during the 3rd quarter. Park Avenue Securities LLC now owns 12,559 shares of the company’s stock worth $790,000 after buying an additional 2,566 shares in the last quarter. Oakworth Capital Inc. raised its holdings in shares of Altria Group by 21.2% during the 3rd quarter. Oakworth Capital Inc. now owns 14,052 shares of the company’s stock worth $891,000 after buying an additional 2,461 shares in the last quarter. Norinchukin Bank The raised its holdings in shares of Altria Group by 2.4% during the 3rd quarter. Norinchukin Bank The now owns 243,480 shares of the company’s stock worth $15,442,000 after buying an additional 5,753 shares in the last quarter. Finally, ING Groep NV acquired a new position in shares of Altria Group during the 3rd quarter worth $2,131,000. Hedge funds and other institutional investors own 62.64% of the company’s stock.
Altria Group Inc (NYSE:MO) opened at $71.12 on Friday. Altria Group Inc has a fifty-two week low of $60.01 and a fifty-two week high of $77.79. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. The stock has a market capitalization of $133,630.55, a PE ratio of 8.90, a price-to-earnings-growth ratio of 2.56 and a beta of 0.62.
Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. equities analysts forecast that Altria Group Inc will post 3.28 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.71%. Altria Group’s payout ratio is presently 33.04%.
MO has been the subject of a number of research analyst reports. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Wednesday, October 11th. Piper Jaffray Companies reissued a “buy” rating and set a $76.00 price target on shares of Altria Group in a report on Friday, October 27th. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price target for the company in a report on Tuesday, October 24th. Berenberg Bank raised Altria Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $60.01 to $71.00 in a report on Tuesday, December 19th. Finally, UBS Group lowered their price target on Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Altria Group presently has a consensus rating of “Buy” and an average price target of $72.71.
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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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