Doliver Capital Advisors LP Buys 1,587 Shares of Altria Group Inc (MO)
Doliver Capital Advisors LP raised its stake in shares of Altria Group Inc (NYSE:MO) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,927 shares of the company’s stock after purchasing an additional 1,587 shares during the quarter. Altria Group makes up about 1.2% of Doliver Capital Advisors LP’s holdings, making the stock its 4th biggest holding. Doliver Capital Advisors LP’s holdings in Altria Group were worth $2,596,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of MO. Vanguard Group Inc. grew its position in shares of Altria Group by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after buying an additional 2,690,270 shares during the period. BlackRock Inc. grew its position in shares of Altria Group by 7.6% in the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after buying an additional 8,969,677 shares during the period. Capital World Investors grew its position in shares of Altria Group by 27.6% in the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after buying an additional 8,914,575 shares during the period. Ameriprise Financial Inc. grew its position in shares of Altria Group by 5.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 20,802,163 shares of the company’s stock worth $1,550,057,000 after buying an additional 1,040,839 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Altria Group by 21,647.0% in the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after buying an additional 19,740,509 shares during the period. 62.64% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently 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 target price on the stock in a research report on Tuesday, October 31st. Citigroup reduced their target price on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 30th. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 target price on the stock. in a research report on Monday, October 30th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $76.00 target price on shares of Altria Group in a research report on Friday, October 27th. Finally, Edward Jones raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $72.87.
Altria Group Inc (MO) opened at $70.40 on Friday. The stock has a market cap of $134,336.58, a PE ratio of 8.81, a P/E/G ratio of 2.65 and a beta of 0.62. Altria Group Inc has a one year low of $60.01 and a one year 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 announced its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. Altria Group’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. analysts expect that Altria Group Inc will post 3.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Wednesday, December 20th. Altria Group’s payout ratio is 33.04%.
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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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