Commonwealth Equity Services Inc Increases Position in Altria Group Inc (MO)
Commonwealth Equity Services Inc increased its stake in Altria Group Inc (NYSE:MO) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,298,407 shares of the company’s stock after acquiring an additional 22,662 shares during the period. Commonwealth Equity Services Inc’s holdings in Altria Group were worth $82,345,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in MO. Cadinha & Co. LLC lifted its stake in Altria Group by 34.8% in the second quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock worth $693,000 after purchasing an additional 2,401 shares during the last quarter. LMR Partners LLP bought a new stake in Altria Group in the second quarter worth $1,120,000. Teacher Retirement System of Texas lifted its stake in Altria Group by 4.6% in the second quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock worth $131,317,000 after purchasing an additional 76,988 shares during the last quarter. Rational Advisors LLC lifted its stake in Altria Group by 44.1% in the second quarter. Rational Advisors LLC now owns 27,397 shares of the company’s stock worth $2,040,000 after purchasing an additional 8,384 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Altria Group by 0.6% in the second quarter. Rhumbline Advisers now owns 2,870,318 shares of the company’s stock worth $213,753,000 after purchasing an additional 17,006 shares during the last quarter. Institutional investors own 62.64% of the company’s stock.
Several analysts have weighed in on MO shares. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Tuesday, October 31st. Citigroup lowered their price target on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, October 30th. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price target for the company. in a research note on Monday, October 30th. Piper Jaffray Companies reissued a “buy” rating and issued a $76.00 price target on shares of Altria Group in a research note on Friday, October 27th. Finally, Edward Jones raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. 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 stock has a consensus rating of “Hold” and a consensus target price of $72.87.
Altria Group Inc (NYSE MO) opened at $69.61 on Monday. The company has a market cap of $132,830.00, a PE ratio of 8.70, a PEG ratio of 2.55 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. Altria Group Inc has a one year low of $60.01 and a one year high of $77.79.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. sell-side analysts predict that Altria Group Inc will post 3.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is 33.00%.
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Altria Group Company 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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