Altria Group Inc (MO) Holdings Reduced by Nationwide Fund Advisors

Nationwide Fund Advisors lowered its stake in Altria Group Inc (NYSE:MO) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,569,344 shares of the company’s stock after selling 7,311 shares during the quarter. Altria Group comprises about 0.4% of Nationwide Fund Advisors’ portfolio, making the stock its 29th biggest holding. Nationwide Fund Advisors owned about 0.08% of Altria Group worth $99,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC increased its stake in shares of Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after buying an additional 19,740,509 shares during the period. BlackRock Inc. increased its stake in shares of Altria Group by 7.6% during the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after buying an additional 8,969,677 shares during the period. Capital World Investors increased its stake in shares of Altria Group by 27.6% during the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after buying an additional 8,914,575 shares during the period. Vanguard Group Inc. increased its stake in shares of Altria Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after buying an additional 2,690,270 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of Altria Group by 67.7% during the third quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock worth $310,314,000 after buying an additional 1,974,500 shares during the period. 62.62% of the stock is currently owned by institutional investors.

Altria Group Inc (NYSE MO) opened at $72.14 on Friday. The company has a market cap of $137,275.19, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 2.94 and a beta of 0.62. Altria Group Inc has a one year low of $60.01 and a one year high of $77.79. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.66%. Altria Group’s dividend payout ratio (DPR) is presently 33.04%.

MO has been the topic of a number of recent research reports. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 target price on the stock. in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Wednesday, October 11th. Piper Jaffray Companies restated a “buy” rating and set a $76.00 target price on shares of Altria Group 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. Finally, BidaskClub lowered shares of Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Altria Group currently has a consensus rating of “Hold” and an average target price of $72.57.

COPYRIGHT VIOLATION NOTICE: “Altria Group Inc (MO) Holdings Reduced by Nationwide Fund Advisors” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/12/23/altria-group-inc-mo-holdings-reduced-by-nationwide-fund-advisors.html.

About Altria Group

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.

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)

What are top analysts saying about Altria Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Altria Group and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit