Fayez Sarofim & Co. raised its stake in shares of Altria Group Inc (NYSE:MO) by 0.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,902,053 shares of the company’s stock after purchasing an additional 935 shares during the quarter. Altria Group makes up about 5.3% of Fayez Sarofim & Co.’s holdings, making the stock its 3rd biggest holding. Fayez Sarofim & Co. owned about 0.83% of Altria Group worth $1,008,509,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of MO. Macquarie Group Ltd. grew its position in shares of Altria Group by 7.3% in the 3rd quarter. Macquarie Group Ltd. now owns 50,289 shares of the company’s stock worth $3,190,000 after buying an additional 3,400 shares during the period. Banque Pictet & Cie SA grew its position in shares of Altria Group by 30.5% in the 3rd quarter. Banque Pictet & Cie SA now owns 21,380 shares of the company’s stock worth $1,356,000 after buying an additional 5,000 shares during the period. Spectrum Management Group Inc. grew its position in shares of Altria Group by 159.1% in the 3rd quarter. Spectrum Management Group Inc. now owns 44,789 shares of the company’s stock worth $2,841,000 after buying an additional 27,501 shares during the period. NewSquare Capital LLC grew its position in shares of Altria Group by 4,734.7% in the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock worth $109,000 after buying an additional 106,530 shares during the period. Finally, Sowell Financial Services LLC grew its position in shares of Altria Group by 20.4% in the 3rd quarter. Sowell Financial Services LLC now owns 91,714 shares of the company’s stock worth $5,934,000 after buying an additional 15,558 shares during the period. 62.64% of the stock is currently owned by institutional investors and hedge funds.
MO has been the topic of a number of recent research reports. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 target price on the stock in a research report on Tuesday, October 24th. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Wednesday, October 11th. Citigroup reduced their target price on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 30th. Cowen raised shares of Altria Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $64.00 to $71.00 in a research report on Tuesday, September 26th. Finally, Jefferies Group set a $72.00 target price on shares of Altria Group and gave the stock a “hold” rating in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $72.87.
Altria Group (NYSE:MO) last announced its quarterly earnings results 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%. Altria Group’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. analysts expect that Altria Group Inc will post 3.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Wednesday, December 20th. Altria Group’s payout ratio is 33.00%.
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Altria Group Company 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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