Quantbot Technologies LP purchased a new stake in shares of Altria Group Inc (NYSE:MO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,584 shares of the company’s stock, valued at approximately $1,432,000.
Several other hedge funds have also recently bought and sold shares of the stock. Pioneer Trust Bank N A OR increased its position in Altria Group by 101.6% in the second quarter. Pioneer Trust Bank N A OR now owns 8,764 shares of the company’s stock worth $653,000 after buying an additional 4,417 shares during the period. American National Bank increased its position in Altria Group by 14.2% in the second quarter. American National Bank now owns 3,712 shares of the company’s stock worth $276,000 after buying an additional 461 shares during the period. Trust Co increased its position in Altria Group by 3.4% in the first quarter. Trust Co now owns 9,458 shares of the company’s stock worth $675,000 after buying an additional 310 shares during the period. Conservest Capital Advisors Inc. increased its position in Altria Group by 0.8% in the second quarter. Conservest Capital Advisors Inc. now owns 4,594 shares of the company’s stock worth $342,000 after buying an additional 35 shares during the period. Finally, First Command Bank increased its position in Altria Group by 8.5% in the second quarter. First Command Bank now owns 2,680 shares of the company’s stock worth $199,000 after buying an additional 210 shares during the period. 62.64% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on MO shares. Jefferies Group set a $72.00 target price on Altria Group and gave the stock a “hold” rating in a research report on Friday, November 17th. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 price target for the company. in a research note on Monday, November 13th. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. 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 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 issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $72.87.
Altria Group Inc (NYSE:MO) opened at $69.61 on Friday. Altria Group Inc has a 52 week low of $60.01 and a 52 week high of $77.79. The stock has a market capitalization of $132,829.11, a price-to-earnings ratio of 22.03, a PEG ratio of 2.55 and a beta of 0.62. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. research analysts expect that Altria Group Inc will post 3.28 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.64 annualized dividend and a yield of 3.79%. Altria Group’s dividend payout ratio is currently 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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