Wrapmanager Inc. boosted its stake in Altria Group Inc (NYSE:MO) by 5.3% in the third quarter, HoldingsChannel.com reports. The firm owned 32,251 shares of the company’s stock after buying an additional 1,618 shares during the period. Wrapmanager Inc.’s holdings in Altria Group were worth $2,045,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Janus Henderson Group PLC grew its holdings in 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 acquiring an additional 19,740,509 shares during the period. BlackRock Inc. grew its holdings in 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 acquiring an additional 8,969,677 shares during the period. Capital World Investors grew its holdings in 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 acquiring an additional 8,914,575 shares during the period. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 2,690,270 shares during the period. Finally, APG Asset Management N.V. grew its holdings in Altria Group by 67.7% during the 3rd quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock worth $310,314,000 after acquiring an additional 1,974,500 shares during the period. Institutional investors and hedge funds own 62.64% of the company’s stock.
A number of brokerages have weighed in on MO. Berenberg Bank upgraded Altria Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $60.01 to $71.00 in a report on Tuesday, December 19th. Vetr downgraded Altria Group from a “hold” rating to a “sell” rating and set a $67.97 price target for the company. in a report on Monday, December 11th. Zacks Investment Research downgraded Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Wells Fargo & Co increased their price target on Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Finally, Jefferies Group set a $72.00 price target on Altria Group and gave the stock a “hold” rating in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Altria Group has an average rating of “Hold” and an average price target of $72.87.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations 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 was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. research analysts forecast that Altria Group Inc will post 3.28 earnings per share for the current fiscal year.
The business also recently disclosed 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 is Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.75%. Altria Group’s dividend payout ratio (DPR) is presently 33.00%.
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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