Toronto Dominion Bank increased its stake in Altria Group Inc (NYSE:MO) by 12.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 838,885 shares of the company’s stock after acquiring an additional 94,794 shares during the period. Toronto Dominion Bank’s holdings in Altria Group were worth $59,904,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its position in Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after buying an additional 19,740,509 shares during the period. BlackRock Inc. boosted its position in Altria Group by 7.6% during the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after buying an additional 8,969,677 shares during the period. Capital World Investors boosted its position in Altria Group by 27.6% during the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after buying an additional 8,914,575 shares during the period. USS Investment Management Ltd purchased a new stake in Altria Group during the fourth quarter valued at about $269,661,000. Finally, Vanguard Group Inc. boosted its position in Altria Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after buying an additional 2,690,270 shares during the period. Institutional investors own 62.54% of the company’s stock.
In related news, VP W Hildebrandt Surgner, Jr. sold 3,200 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $62.34, for a total value of $199,488.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian W. Quigley sold 3,464 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $62.40, for a total transaction of $216,153.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,117 shares of company stock valued at $1,821,707. 0.11% of the stock is owned by insiders.
MO has been the subject of several analyst reports. Jefferies Group restated a “buy” rating and set a $84.00 price target on shares of Altria Group in a research report on Thursday, March 15th. Vetr upgraded shares of Altria Group from a “sell” rating to a “hold” rating and set a $71.45 price target for the company in a research report on Friday, January 26th. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Tuesday, February 6th. Piper Jaffray Companies upped their price objective on shares of Altria Group from $76.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Berenberg Bank raised shares of Altria Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $60.01 to $71.00 in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $75.14.
Altria Group Inc (MO) opened at $62.48 on Tuesday. The company has a market cap of $120,089.37, a PE ratio of 11.74, a PEG ratio of 1.83 and a beta of 0.63. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.31 and a current ratio of 0.64. 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, February 1st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.80 billion. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. sell-side analysts predict that Altria Group Inc will post 4.01 EPS for the current year.
Altria Group declared that its board has initiated a share buyback program on Thursday, February 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.48%. This is an increase from Altria Group’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, March 14th. Altria Group’s dividend payout ratio is 52.63%.
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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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