Cedar Capital LLC raised its position in Altria Group Inc (NYSE:MO) by 13.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,724 shares of the company’s stock after purchasing an additional 806 shares during the period. Cedar Capital LLC’s holdings in Altria Group were worth $426,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in MO. Vanguard Group Inc. raised its holdings 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 acquiring an additional 2,690,270 shares during the period. BlackRock Inc. raised its holdings 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 acquiring an additional 8,969,677 shares during the period. Capital World Investors raised its holdings 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 acquiring an additional 8,914,575 shares during the period. Ameriprise Financial Inc. raised its holdings 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 acquiring an additional 1,040,839 shares during the period. Finally, Janus Henderson Group PLC raised its holdings 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 acquiring an additional 19,740,509 shares during the period. Institutional investors own 62.64% of the company’s stock.
Several research analysts have recently commented on the company. Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a report on Monday. Wells Fargo & Co lifted 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. Vetr upgraded Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price target on the stock in a report on Thursday, December 28th. Berenberg Bank upgraded Altria Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.01 to $71.00 in a report on Tuesday, December 19th. 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $72.87.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The firm 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%. Altria Group’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. equities analysts predict that Altria Group Inc will post 3.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be issued a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 annualized dividend and a yield of 3.79%. Altria Group’s dividend payout ratio (DPR) is currently 33.00%.
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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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