Aperio Group LLC lowered its holdings in shares of Altria Group Inc (NYSE:MO) by 15.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,279,141 shares of the company’s stock after selling 225,062 shares during the period. Aperio Group LLC owned about 0.07% of Altria Group worth $81,123,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in MO. Sterling Investment Advisors Ltd. grew its holdings in Altria Group by 133.3% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock worth $100,000 after purchasing an additional 800 shares during the period. Solaris Asset Management LLC grew its holdings in Altria Group by 65.7% in the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after purchasing an additional 557 shares during the period. CKW Financial Group acquired a new stake in Altria Group in the second quarter worth $109,000. Balentine LLC grew its holdings in Altria Group by 32.4% in the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after purchasing an additional 357 shares during the period. Finally, INR Advisory Services LLC acquired a new stake in Altria Group in the second quarter worth $134,000. 62.62% of the stock is owned by hedge funds and other institutional investors.
Altria Group Inc (NYSE MO) opened at $72.14 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. Altria Group Inc has a 12-month low of $60.01 and a 12-month high of $77.79. The firm has a market cap of $137,275.19, a PE ratio of 9.03, a P/E/G ratio of 2.94 and a beta of 0.62.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s payout ratio is currently 33.04%.
A number of research analysts have weighed in on the stock. Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price objective on the stock. in a research note on Monday, October 30th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $62.00 price objective on shares of Altria Group in a research note on Tuesday, October 3rd. Cowen raised shares of Altria Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $64.00 to $71.00 in a research note on Tuesday, September 26th. Finally, Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $72.57.
Altria Group Company 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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