CIBC Asset Management Inc lifted its stake in Altria Group Inc (NYSE:MO) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,147 shares of the company’s stock after acquiring an additional 5,824 shares during the quarter. CIBC Asset Management Inc’s holdings in Altria Group were worth $16,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC grew its position 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 buying an additional 19,740,509 shares during the period. BlackRock Inc. grew its position in Altria Group by 7.6% during 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 during the period. Capital World Investors grew its position in Altria Group by 27.6% during 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 during the period. Vanguard Group Inc. grew its position in Altria Group by 2.0% during 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 during the period. Finally, APG Asset Management N.V. grew its position in Altria Group by 67.7% during 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 during the period. Hedge funds and other institutional investors own 62.64% of the company’s stock.

Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research report on Monday. Wells Fargo & Co boosted their target price on shares of Altria Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. Vetr upgraded shares of Altria Group from a “sell” rating to a “hold” rating and set a $69.29 target price for the company in a research report on Thursday, December 28th. Berenberg Bank upgraded shares of Altria Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.01 to $71.00 in a research report on Tuesday, December 19th. Finally, Jefferies Group set a $72.00 target price on shares of Altria Group and gave the company a “hold” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $72.87.

Altria Group Inc (MO) opened at $69.57 on Wednesday. The firm has a market cap of $132,750.00, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. Altria Group Inc has a 12-month low of $60.01 and a 12-month high of $77.79. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. The business had revenue of $5.10 billion during 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 company’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. sell-side analysts anticipate that Altria Group Inc will post 3.28 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be given a $0.66 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.79%. Altria Group’s payout ratio is currently 33.00%.

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

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