Teacher Retirement System of Texas Has $87.69 Million Stake in Altria Group Inc (MO)

Teacher Retirement System of Texas lowered its position in shares of Altria Group Inc (NYSE:MO) by 21.6% in the third quarter, HoldingsChannel.com reports. The firm owned 1,382,605 shares of the company’s stock after selling 380,745 shares during the period. Teacher Retirement System of Texas’ holdings in Altria Group were worth $87,685,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MO. Janus Henderson Group PLC grew its holdings in Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after purchasing an additional 19,740,509 shares during the period. BlackRock Inc. lifted its stake in Altria Group by 7.6% in the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after buying an additional 8,969,677 shares in the last quarter. Capital World Investors lifted its stake in Altria Group by 27.6% in the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after buying an additional 8,914,575 shares in the last quarter. Vanguard Group Inc. lifted its stake in Altria Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after buying an additional 2,690,270 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in Altria Group by 67.7% in the third quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock valued at $310,314,000 after buying an additional 1,974,500 shares in the last quarter. Hedge funds and other institutional investors own 62.64% of the company’s stock.

Shares of Altria Group Inc (NYSE:MO) opened at $70.29 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. The company has a market cap of $134,130.00, a price-to-earnings ratio of 8.79, a PEG ratio of 2.65 and a beta of 0.62. Altria Group Inc has a 1 year low of $60.01 and a 1 year high of $77.79.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. The business 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%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. research analysts forecast that Altria Group Inc will post 3.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend was Wednesday, December 20th. Altria Group’s dividend payout ratio is presently 33.00%.

A number of brokerages have weighed in on MO. Zacks Investment Research raised shares of Altria Group from a “sell” rating to a “hold” rating in a research note on Monday. Wells Fargo & Co lifted their price target on shares of Altria Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Vetr raised shares of Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price target on the stock in a research note on Thursday, December 28th. Berenberg Bank raised shares of Altria Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.01 to $71.00 in a research note on Tuesday, December 19th. 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $72.87.

TRADEMARK VIOLATION WARNING: “Teacher Retirement System of Texas Has $87.69 Million Stake in Altria Group Inc (MO)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.com-unik.info/2018/01/12/teacher-retirement-system-of-texas-has-87-69-million-stake-in-altria-group-inc-mo.html.

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.

Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group Inc (NYSE:MO).

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

Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit