Fisher Asset Management LLC Grows Stake in Altria Group Inc (MO)
Fisher Asset Management LLC grew its position in Altria Group Inc (NYSE:MO) by 5.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 76,545 shares of the company’s stock after buying an additional 3,773 shares during the period. Fisher Asset Management LLC’s holdings in Altria Group were worth $4,854,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 purchasing an additional 2,690,270 shares during the last quarter. BlackRock Inc. boosted 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 purchasing an additional 8,969,677 shares during the last quarter. Capital World Investors boosted 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 purchasing an additional 8,914,575 shares during the last quarter. Ameriprise Financial Inc. boosted 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 purchasing an additional 1,040,839 shares during the last quarter. Finally, Janus Henderson Group PLC boosted 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 purchasing an additional 19,740,509 shares during the last quarter. 62.62% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on MO shares. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price target on the stock. in a research report on Wednesday, September 6th. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Wednesday, October 11th. Piper Jaffray Companies restated a “buy” rating and issued a $76.00 price target on shares of Altria Group in a research report on Friday, October 27th. Cowen restated a “hold” rating on shares of Altria Group in a research report on Sunday, September 10th. Finally, BidaskClub lowered Altria Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $72.64.
Altria Group Inc (NYSE MO) opened at $72.65 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. The firm has a market capitalization of $136,759.97, a PE ratio of 22.68, a price-to-earnings-growth ratio of 2.93 and a beta of 0.62. Altria Group Inc has a twelve month low of $60.01 and a twelve month high of $77.79.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. equities analysts predict that Altria Group Inc will post 3.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 annualized dividend and a yield of 3.63%. Altria Group’s dividend payout ratio is presently 33.04%.
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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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