Altria Group, Inc. (NYSE:MO) Shares Purchased by Creative Planning

Creative Planning lifted its position in Altria Group, Inc. (NYSE:MO) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 392,807 shares of the company’s stock after acquiring an additional 13,287 shares during the period. Creative Planning’s holdings in Altria Group were worth $17,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of MO. Franklin Resources Inc. boosted its stake in Altria Group by 28.9% during the second quarter. Franklin Resources Inc. now owns 13,967,221 shares of the company’s stock worth $665,957,000 after buying an additional 3,132,683 shares during the last quarter. First Trust Advisors LP boosted its stake in Altria Group by 132.0% during the second quarter. First Trust Advisors LP now owns 4,996,126 shares of the company’s stock worth $238,215,000 after buying an additional 2,842,983 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Altria Group by 9.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 30,710,816 shares of the company’s stock worth $1,464,292,000 after buying an additional 2,614,739 shares during the last quarter. State Street Corp boosted its stake in Altria Group by 2.3% during the second quarter. State Street Corp now owns 69,709,846 shares of the company’s stock worth $3,383,490,000 after buying an additional 1,546,656 shares during the last quarter. Finally, FMR LLC boosted its stake in Altria Group by 2.5% during the second quarter. FMR LLC now owns 55,291,436 shares of the company’s stock worth $2,636,296,000 after buying an additional 1,330,433 shares during the last quarter. 59.07% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:MO opened at $50.81 on Friday. Altria Group, Inc. has a 52 week low of $40.46 and a 52 week high of $52.59. The company has a quick ratio of 0.60, a current ratio of 0.74 and a debt-to-equity ratio of 8.67. The company has a market capitalization of $93.34 billion, a P/E ratio of 34.33, a P/E/G ratio of 2.60 and a beta of 0.67. The stock’s fifty day moving average is $46.11 and its two-hundred day moving average is $47.24.

Altria Group (NYSE:MO) last posted its earnings results on Wednesday, October 27th. The company reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.04). Altria Group had a net margin of 10.65% and a return on equity of 422.90%. The business had revenue of $5.53 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter in the prior year, the firm earned $1.19 EPS. Altria Group’s revenue for the quarter was down 2.6% compared to the same quarter last year. Sell-side analysts anticipate that Altria Group, Inc. will post 4.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 10th. Investors of record on Thursday, December 23rd were issued a $0.90 dividend. The ex-dividend date was Wednesday, December 22nd. This represents a $3.60 annualized dividend and a dividend yield of 7.09%. Altria Group’s dividend payout ratio is presently 243.24%.

A number of equities analysts have weighed in on MO shares. Bank of America lowered Altria Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $56.00 to $50.00 in a research note on Wednesday, January 5th. Morgan Stanley lowered Altria Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $52.00 to $47.00 in a research note on Friday, October 29th. Finally, TheStreet lowered Altria Group from a “b” rating to a “c” rating in a research note on Thursday, October 28th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $51.89.

Altria Group Company Profile

Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Smokeless Products, and Wine. The Smokeable Products segment comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.

Further Reading: Return On Assets

Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group, Inc. (NYSE:MO).

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

Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.