Boston Partners Has $45.65 Million Stock Position in Altria Group Inc (NYSE:MO)

Boston Partners decreased its stake in shares of Altria Group Inc (NYSE:MO) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 914,823 shares of the company’s stock after selling 28,577 shares during the period. Boston Partners’ holdings in Altria Group were worth $45,654,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MO. State Street Corp lifted its position in Altria Group by 6.6% during the 3rd quarter. State Street Corp now owns 78,832,176 shares of the company’s stock valued at $3,286,972,000 after purchasing an additional 4,850,215 shares during the period. American International Group Inc. lifted its position in Altria Group by 21.2% during the 4th quarter. American International Group Inc. now owns 7,535,447 shares of the company’s stock valued at $376,094,000 after purchasing an additional 1,320,370 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Altria Group by 1.7% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,460,401 shares of the company’s stock valued at $372,349,000 after purchasing an additional 127,553 shares during the period. First Trust Advisors LP lifted its position in Altria Group by 3.8% during the 4th quarter. First Trust Advisors LP now owns 3,307,149 shares of the company’s stock valued at $165,060,000 after purchasing an additional 119,662 shares during the period. Finally, Rhumbline Advisers lifted its position in Altria Group by 0.4% during the 4th quarter. Rhumbline Advisers now owns 3,075,548 shares of the company’s stock valued at $153,501,000 after purchasing an additional 12,470 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

A number of research firms have issued reports on MO. Jefferies Financial Group restated a “hold” rating on shares of Altria Group in a research report on Friday, January 31st. Morgan Stanley upped their target price on shares of Altria Group from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. Citigroup upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, December 2nd. Royal Bank of Canada restated a “buy” rating and set a $68.00 target price on shares of Altria Group in a research report on Thursday, January 30th. Finally, Bank of America set a $54.00 target price on shares of Altria Group and gave the company a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $55.19.

Shares of NYSE:MO opened at $45.17 on Friday. The company has a market capitalization of $84.38 billion, a price-to-earnings ratio of -62.74, a P/E/G ratio of 1.64 and a beta of 0.50. The firm’s 50 day simple moving average is $49.19 and its 200 day simple moving average is $46.81. The company has a debt-to-equity ratio of 4.28, a current ratio of 0.59 and a quick ratio of 0.31. Altria Group Inc has a fifty-two week low of $39.30 and a fifty-two week high of $57.88.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.02. The business had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.89 billion. Altria Group had a negative net margin of 5.15% and a positive return on equity of 67.74%. Altria Group’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. Equities research analysts expect that Altria Group Inc will post 4.41 earnings per share for the current year.

Altria Group Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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

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