Tufton Capital Management increased its stake in Altria Group Inc (NYSE:MO) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,091 shares of the company’s stock after acquiring an additional 1,500 shares during the period. Tufton Capital Management’s holdings in Altria Group were worth $3,367,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Cadinha & Co. LLC boosted its holdings in shares of Altria Group by 34.8% during 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 period. LMR Partners LLP bought a new position in Altria Group in the second quarter worth about $1,120,000. Teacher Retirement System of Texas raised 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 buying an additional 76,988 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in Altria Group by 10.3% in the first quarter. Westwood Holdings Group Inc. now owns 155,121 shares of the company’s stock worth $11,079,000 after buying an additional 14,444 shares in the last quarter. Finally, Rational Advisors LLC raised 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 buying an additional 8,384 shares in the last quarter. Institutional investors own 62.64% of the company’s stock.
MO has been the subject of a number of analyst reports. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $69.00 target price for the company in a research note on Wednesday, September 20th. Cowen raised shares of Altria Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $64.00 to $71.00 in a research note on Tuesday, September 26th. Royal Bank of Canada reiterated a “hold” rating and set a $62.00 price target on shares of Altria Group in a report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Wednesday, October 11th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $76.00 price target on shares of Altria Group in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $72.87.
Shares of Altria Group Inc (NYSE:MO) opened at $69.61 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. The stock has a market cap of $132,830.00, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62. Altria Group Inc has a fifty-two week low of $60.01 and a fifty-two week 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 analysts’ consensus estimates of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the firm posted $0.82 EPS. The business’s quarterly revenue was down 1.8% on a year-over-year basis. equities research analysts predict that Altria Group Inc will post 3.28 earnings per share for the current year.
The company also recently declared 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 was Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.79%. Altria Group’s dividend payout ratio is presently 33.00%.
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.
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.