Dean Investment Associates LLC Maintains Stake in Altria Group (MO)

Dean Investment Associates LLC maintained its position in Altria Group (NYSE:MO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,807 shares of the company’s stock at the close of the 2nd quarter. Dean Investment Associates LLC’s holdings in Altria Group were worth $1,557,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. increased its stake in Altria Group by 133.3% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock worth $100,000 after buying an additional 800 shares during the period. Solaris Asset Management LLC increased its stake in Altria Group by 65.7% during the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after buying an additional 557 shares during the period. CKW Financial Group purchased a new stake in Altria Group during the 2nd quarter worth approximately $109,000. Perigon Wealth Management LLC increased its stake in Altria Group by 4.7% during the 1st quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock worth $118,000 after buying an additional 74 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in Altria Group by 97.4% during the 1st quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock worth $121,000 after buying an additional 821 shares during the period. 62.70% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Shares of Altria Group (NYSE MO) traded up $1.48 during trading hours on Thursday, hitting $71.66. 9,716,700 shares of the company’s stock were exchanged, compared to its average volume of 6,807,555. Altria Group has a 52 week low of $60.01 and a 52 week high of $77.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. The stock has a market cap of $133,916.77, a P/E ratio of 22.21, a PEG ratio of 2.87 and a beta of 0.62.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the prior year, the firm posted $0.82 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. research analysts expect that Altria Group will post 3.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Wednesday, December 20th. Altria Group’s payout ratio is 33.04%.

Several equities research analysts recently weighed in on MO shares. Jefferies Group set a $72.00 target price on shares of Altria Group and gave the stock a “hold” rating in a research note on Friday, November 17th. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 target price on the stock. in a research note on Monday, November 13th. Zacks Investment Research downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $76.00 target price on shares of Altria Group in a research note on Friday, October 27th. Finally, BidaskClub downgraded shares of Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. Altria Group currently has a consensus rating of “Hold” and a consensus target price of $72.90.

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Altria Group Profile

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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