WINTON GROUP Ltd grew its stake in Altria Group (NYSE:MO) by 46.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,033,064 shares of the company’s stock after purchasing an additional 325,957 shares during the period. Altria Group makes up approximately 2.3% of WINTON GROUP Ltd’s portfolio, making the stock its biggest holding. WINTON GROUP Ltd owned about 0.05% of Altria Group worth $76,932,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Cadinha & Co. LLC boosted its stake in shares of Altria Group by 34.8% in the second quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock valued at $693,000 after buying an additional 2,401 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in shares of Altria Group by 164.9% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 244,398 shares of the company’s stock valued at $18,149,000 after buying an additional 152,121 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Altria Group in the second quarter valued at approximately $1,120,000. Teacher Retirement System of Texas boosted its stake in shares of Altria Group by 4.6% in the second quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock valued at $131,317,000 after buying an additional 76,988 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Altria Group by 10.3% in the first quarter. Westwood Holdings Group Inc. now owns 155,121 shares of the company’s stock valued at $11,079,000 after buying an additional 14,444 shares in the last quarter. 62.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Altria Group (NYSE:MO) traded up $0.60 during trading hours on Thursday, hitting $72.32. The stock had a trading volume of 5,975,100 shares, compared to its average volume of 6,790,962. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. Altria Group has a twelve month low of $60.01 and a twelve month high of $77.79. The stock has a market capitalization of $136,855.39, a P/E ratio of 22.70, a P/E/G ratio of 2.93 and a beta of 0.62.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.64 annualized dividend and a yield of 3.65%. Altria Group’s dividend payout ratio is presently 33.04%.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.11% of the company’s stock.
A number of analysts recently weighed in on the company. Berenberg Bank restated a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. UBS decreased their price target on Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Cowen restated a “hold” rating on shares of Altria Group in a research note on Sunday, September 10th. Vetr upgraded Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 target price on the stock in a research report on Tuesday, October 24th. Finally, Citigroup decreased their target price on Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $72.64.
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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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