Amundi Pioneer Asset Management Inc. grew its position in shares of Altria Group Inc (NYSE:MO) by 36.3% during the 3rd quarter, Holdings Channel reports. The firm owned 376,575 shares of the company’s stock after acquiring an additional 100,294 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Altria Group were worth $23,882,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in Altria Group by 21,647.0% during the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after acquiring an additional 19,740,509 shares during the period. BlackRock Inc. boosted its holdings in Altria Group by 7.6% during the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after acquiring an additional 8,969,677 shares during the period. Capital World Investors boosted its holdings in Altria Group by 27.6% during the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after acquiring an additional 8,914,575 shares during the period. Vanguard Group Inc. boosted its holdings in Altria Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after acquiring an additional 2,690,270 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in Altria Group by 67.7% during the 3rd quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock valued at $310,314,000 after acquiring an additional 1,974,500 shares during the period. Hedge funds and other institutional investors own 62.93% of the company’s stock.

Shares of Altria Group Inc (NYSE:MO) opened at $71.28 on Tuesday. Altria Group Inc has a fifty-two week low of $60.01 and a fifty-two week 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. The firm has a market capitalization of $136,020.00, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 2.60 and a beta of 0.62.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter last year, the business posted $0.82 EPS. The business’s revenue was down 1.8% on a year-over-year basis. sell-side analysts forecast that Altria Group Inc will post 3.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.70%. The ex-dividend date was Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is currently 33.00%.

MO has been the subject of several analyst reports. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Wednesday, October 11th. Piper Jaffray Companies restated a “buy” rating and set a $76.00 target price on shares of Altria Group in a report on Friday, October 27th. Vetr upgraded Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 target price for the company in a report on Tuesday, October 24th. Berenberg Bank upgraded Altria Group from a “hold” rating to a “buy” rating and increased their target price for the company from $60.01 to $71.00 in a report on Tuesday, December 19th. Finally, UBS Group dropped their target price on Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $72.63.

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About Altria Group

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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