Investors Sell Shares of Altria Group (MO) on Strength (MO)

Traders sold shares of Altria Group Inc (NYSE:MO) on strength during trading hours on Wednesday. $76.05 million flowed into the stock on the tick-up and $120.16 million flowed out of the stock on the tick-down, for a money net flow of $44.11 million out of the stock. Of all companies tracked, Altria Group had the 10th highest net out-flow for the day. Altria Group traded up $0.72 for the day and closed at $70.29

MO has been the subject of several research reports. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $69.00 price objective for the company in a report on Wednesday, September 20th. Cowen raised shares of Altria Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from $64.00 to $71.00 in a report on Tuesday, September 26th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $62.00 price target on shares of Altria Group in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Wednesday, October 11th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $76.00 price target on shares of Altria Group in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Altria Group currently has an average rating of “Hold” and an average price target of $72.87.

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. The stock has a market capitalization of $134,130.00, a price-to-earnings ratio of 8.79, a P/E/G ratio of 2.65 and a beta of 0.62.

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 Zacks’ consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. equities research analysts predict that Altria Group Inc will post 3.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is currently 33.00%.

A number of institutional investors have recently bought and sold shares of MO. Janus Henderson Group PLC raised its position in Altria Group by 21,647.0% in 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 period. BlackRock Inc. raised its position in Altria Group by 7.6% in 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 period. Capital World Investors raised its position in Altria Group by 27.6% in 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 period. Vanguard Group Inc. raised its position in Altria Group by 2.0% in 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 period. Finally, APG Asset Management N.V. raised its position in Altria Group by 67.7% in the 3rd quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock worth $310,314,000 after purchasing an additional 1,974,500 shares during the period. 62.64% of the stock is currently owned by institutional investors.

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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.

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