Altria Group Inc (NYSE:MO) Stake Increased by Cetera Investment Advisers

Cetera Investment Advisers lifted its holdings in Altria Group Inc (NYSE:MO) by 28.4% in the first quarter, HoldingsChannel reports. The firm owned 48,443 shares of the company’s stock after buying an additional 10,716 shares during the period. Cetera Investment Advisers’ holdings in Altria Group were worth $2,779,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Litman Gregory Asset Management LLC acquired a new stake in Altria Group during the 4th quarter worth about $30,000. Country Trust Bank lifted its position in Altria Group by 86.9% during the 1st quarter. Country Trust Bank now owns 514 shares of the company’s stock worth $30,000 after acquiring an additional 239 shares during the period. Transamerica Financial Advisors Inc. lifted its position in Altria Group by 627.6% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 713 shares of the company’s stock worth $36,000 after acquiring an additional 615 shares during the period. James Investment Research Inc. acquired a new stake in Altria Group during the 1st quarter worth about $43,000. Finally, Clarfeld Financial Advisors LLC acquired a new stake in Altria Group during the 4th quarter worth about $44,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

Shares of MO stock opened at $51.59 on Thursday. The stock has a market capitalization of $96.13 billion, a PE ratio of 12.93, a P/E/G ratio of 1.61 and a beta of 0.44. The company has a quick ratio of 0.39, a current ratio of 0.62 and a debt-to-equity ratio of 1.92. Altria Group Inc has a 52-week low of $42.40 and a 52-week high of $66.04.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.02). Altria Group had a net margin of 24.87% and a return on equity of 49.42%. The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. Altria Group’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities research analysts expect that Altria Group Inc will post 4.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be paid a $0.80 dividend. The ex-dividend date is Thursday, June 13th. This represents a $3.20 annualized dividend and a dividend yield of 6.20%. Altria Group’s dividend payout ratio is presently 80.20%.

In related news, SVP Jody L. Begley sold 3,250 shares of Altria Group stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $53.38, for a total value of $173,485.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of Altria Group stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $52.48, for a total value of $104,960.00. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Several equities analysts have recently issued reports on the company. ValuEngine cut Altria Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 29th. Zacks Investment Research raised Altria Group from a “sell” rating to a “hold” rating in a report on Monday, April 8th. TheStreet raised Altria Group from a “c+” rating to a “b-” rating in a report on Friday, March 29th. Citigroup set a $52.00 price objective on Altria Group and gave the company a “sell” rating in a report on Thursday, March 28th. Finally, Morgan Stanley boosted their price objective on Altria Group from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Monday, April 15th. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $61.91.

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Altria Group Company Profile

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

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