Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in shares of Altria Group Inc (NYSE:MO) by 3.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 387,265 shares of the company’s stock after selling 12,499 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Altria Group were worth $14,976,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC purchased a new stake in Altria Group in the 4th quarter worth approximately $27,000. New South Capital Management Inc. bought a new stake in Altria Group during the fourth quarter valued at $30,000. Pflug Koory LLC grew its position in Altria Group by 70.0% during the first quarter. Pflug Koory LLC now owns 765 shares of the company’s stock worth $30,000 after buying an additional 315 shares in the last quarter. Sanders Morris Harris LLC increased its stake in Altria Group by 5.1% in the 1st quarter. Sanders Morris Harris LLC now owns 82,156 shares of the company’s stock worth $31,000 after acquiring an additional 4,006 shares during the last quarter. Finally, Country Trust Bank raised its holdings in shares of Altria Group by 58.4% in the 1st quarter. Country Trust Bank now owns 814 shares of the company’s stock valued at $31,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 63.50% of the company’s stock.
Several research analysts recently weighed in on MO shares. Bank of America decreased their price objective on shares of Altria Group from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Panmure Gordon raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Friday, April 3rd. Deutsche Bank lowered their price objective on shares of Altria Group from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Stifel Nicolaus dropped their price objective on shares of Altria Group from $56.00 to $52.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Cfra increased their target price on Altria Group from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $50.79.
Altria Group stock traded up $0.19 during mid-day trading on Friday, hitting $37.73. The company’s stock had a trading volume of 6,861,912 shares, compared to its average volume of 10,536,376. The business has a 50 day moving average price of $38.45 and a 200-day moving average price of $44.43. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.71 and a quick ratio of 0.53. Altria Group Inc has a 12 month low of $30.95 and a 12 month high of $53.11. The stock has a market cap of $69.76 billion, a price-to-earnings ratio of -77.00, a price-to-earnings-growth ratio of 1.76 and a beta of 0.45.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.11. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.51 billion. Altria Group had a positive return on equity of 84.55% and a negative net margin of 3.33%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. On average, equities research analysts expect that Altria Group Inc will post 4.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be given a $0.84 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.36 annualized dividend and a yield of 8.91%. Altria Group’s payout ratio is currently 79.62%.
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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