Calamos Advisors LLC Boosts Position in Altria Group Inc (MO)

Calamos Advisors LLC grew its holdings in shares of Altria Group Inc (NYSE:MO) by 81.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,727 shares of the company’s stock after buying an additional 188,752 shares during the quarter. Calamos Advisors LLC’s holdings in Altria Group were worth $26,746,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Altria Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after purchasing an additional 2,690,270 shares during the last quarter. BlackRock Inc. increased its stake in shares of Altria Group by 7.6% during the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after purchasing an additional 8,969,677 shares during the last quarter. Capital World Investors increased its stake in shares of Altria Group by 27.6% during the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after purchasing an additional 8,914,575 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Altria Group by 5.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 20,802,163 shares of the company’s stock worth $1,550,057,000 after purchasing an additional 1,040,839 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Altria Group by 21,647.0% during the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after purchasing an additional 19,740,509 shares during the last quarter. 62.64% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Inc (MO) opened at $72.08 on Wednesday. Altria Group Inc has a 52 week low of $60.01 and a 52 week high of $77.79. The company has a market cap of $137,656.83, a PE ratio of 9.02, a P/E/G ratio of 2.95 and a beta of 0.62. 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 posted its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. equities analysts forecast that Altria Group Inc will post 3.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s dividend payout ratio is currently 33.04%.

Several research analysts have recently weighed in on MO shares. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price objective on the stock in a research note on Tuesday, October 24th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Wednesday, October 11th. Citigroup decreased their price target on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Cowen upgraded shares of Altria Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $64.00 to $71.00 in a research note on Tuesday, September 26th. Finally, Jefferies Group set a $72.00 price target on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. Altria Group has an average rating of “Hold” and a consensus price target of $72.57.

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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.

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

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