Cullinan Associates Inc. raised its holdings in Altria Group Inc (NYSE:MO) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,728 shares of the company’s stock after buying an additional 1,100 shares during the period. Cullinan Associates Inc.’s holdings in Altria Group were worth $1,123,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Great Lakes Advisors LLC grew its holdings in shares of Altria Group by 1.6% during the third quarter. Great Lakes Advisors LLC now owns 23,021 shares of the company’s stock worth $1,388,000 after purchasing an additional 361 shares during the last quarter. North Star Investment Management Corp. grew its holdings in shares of Altria Group by 2.2% during the fourth quarter. North Star Investment Management Corp. now owns 26,986 shares of the company’s stock worth $1,333,000 after purchasing an additional 588 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of Altria Group by 5.9% during the third quarter. Clearstead Advisors LLC now owns 14,959 shares of the company’s stock worth $902,000 after buying an additional 830 shares during the last quarter. Veritable L.P. grew its holdings in shares of Altria Group by 0.7% during the third quarter. Veritable L.P. now owns 128,536 shares of the company’s stock worth $7,752,000 after buying an additional 850 shares during the last quarter. Finally, Wetherby Asset Management Inc. grew its holdings in shares of Altria Group by 2.1% during the third quarter. Wetherby Asset Management Inc. now owns 40,661 shares of the company’s stock worth $2,452,000 after buying an additional 855 shares during the last quarter. Institutional investors own 64.38% of the company’s stock.
A number of equities analysts recently issued reports on the company. TheStreet lowered Altria Group from a “b-” rating to a “c+” rating in a report on Monday, January 7th. Cowen lowered Altria Group from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Citigroup lowered Altria Group from a “neutral” rating to a “sell” rating in a report on Friday, December 21st. Deutsche Bank lowered their price target on Altria Group from $62.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, December 21st. Finally, Piper Jaffray Companies set a $75.00 price target on Altria Group and gave the stock a “buy” rating in a report on Tuesday, December 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $66.37.
Shares of MO opened at $48.90 on Friday. Altria Group Inc has a twelve month low of $46.49 and a twelve month high of $71.86. The company has a market capitalization of $93.31 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.36 and a beta of 0.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.36 and a current ratio of 0.60.
Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 25th. The company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. Altria Group had a return on equity of 48.31% and a net margin of 42.13%. The company had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.22 billion. Analysts expect that Altria Group Inc will post 3.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 10th. Shareholders of record on Wednesday, December 26th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date was Monday, December 24th. Altria Group’s dividend payout ratio is presently 94.67%.
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About Altria Group
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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