Altria Group, Inc. (NYSE:MO) Shares Purchased by Rock Creek Group LP

Rock Creek Group LP boosted its position in Altria Group, Inc. (NYSE:MO) by 22.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,590 shares of the company’s stock after purchasing an additional 469 shares during the quarter. Rock Creek Group LP’s holdings in Altria Group were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Centerpoint Advisors LLC raised its stake in Altria Group by 120.0% in the 2nd quarter. Centerpoint Advisors LLC now owns 550 shares of the company’s stock valued at $26,000 after purchasing an additional 300 shares during the last quarter. Mizuho Securities Co. Ltd. grew its holdings in Altria Group by 263.3% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 545 shares of the company’s stock valued at $28,000 after buying an additional 395 shares during the period. Stuart Chaussee & Associates Inc. purchased a new stake in Altria Group in the 1st quarter valued at about $33,000. Regency Capital Management Inc. DE purchased a new stake in Altria Group in the 1st quarter valued at about $35,000. Finally, Vigilant Capital Management LLC purchased a new stake in Altria Group in the 2nd quarter valued at about $38,000. 59.44% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on MO. Redburn Partners began coverage on Altria Group in a report on Thursday, June 17th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $54.00 price target on shares of Altria Group in a report on Friday, July 23rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $52.75.

Shares of NYSE:MO opened at $48.37 on Wednesday. The company has a debt-to-equity ratio of 8.67, a quick ratio of 0.41 and a current ratio of 0.72. Altria Group, Inc. has a 1 year low of $35.83 and a 1 year high of $52.59. The stock has a market capitalization of $89.20 billion, a P/E ratio of 19.74, a PEG ratio of 2.73 and a beta of 0.63. The stock has a 50-day simple moving average of $48.41 and a 200-day simple moving average of $48.79.

Altria Group (NYSE:MO) last released its quarterly earnings results on Wednesday, July 28th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.18 by $0.05. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.36 billion. Altria Group had a return on equity of 268.09% and a net margin of 17.22%. Analysts predict that Altria Group, Inc. will post 4.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 12th. Shareholders of record on Wednesday, September 15th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 7.44%. This is a positive change from Altria Group’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Tuesday, September 14th. Altria Group’s dividend payout ratio is presently 78.90%.

About Altria Group

Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Smokeless Products, and Wine. The Smokeable Products segment comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.

Further Reading: Cash Asset Ratio

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

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