Coho Partners Ltd. lowered its stake in shares of Altria Group Inc (NYSE:MO) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,881,681 shares of the company’s stock after selling 84,671 shares during the quarter. Altria Group accounts for 2.4% of Coho Partners Ltd.’s holdings, making the stock its 25th biggest holding. Coho Partners Ltd. owned approximately 0.10% of Altria Group worth $92,936,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MO. Vanguard Group Inc. grew its position in Altria Group by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after acquiring an additional 1,107,891 shares during the last quarter. Vanguard Group Inc grew its position in Altria Group by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after acquiring an additional 1,107,891 shares during the last quarter. BlackRock Inc. grew its position in Altria Group by 1.8% in the 3rd quarter. BlackRock Inc. now owns 141,022,748 shares of the company’s stock valued at $8,505,083,000 after acquiring an additional 2,433,533 shares during the last quarter. FMR LLC grew its position in Altria Group by 10.3% in the 3rd quarter. FMR LLC now owns 41,106,747 shares of the company’s stock valued at $2,479,149,000 after acquiring an additional 3,842,889 shares during the last quarter. Finally, Capital International Investors grew its position in Altria Group by 698.6% in the 3rd quarter. Capital International Investors now owns 31,992,124 shares of the company’s stock valued at $1,929,445,000 after acquiring an additional 27,986,154 shares during the last quarter. 64.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE MO opened at $50.37 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.20 and a quick ratio of 0.09. The firm has a market cap of $94.54 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.46 and a beta of 0.36. Altria Group Inc has a 1-year low of $42.40 and a 1-year high of $66.53.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.95 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.95. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Altria Group had a return on equity of 49.05% and a net margin of 27.45%. During the same period in the prior year, the business posted $0.91 EPS. As a group, equities analysts forecast that Altria Group Inc will post 4.2 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the company. Morgan Stanley downgraded Altria Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. ValuEngine raised Altria Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Citigroup downgraded Altria Group from a “neutral” rating to a “sell” rating in a research report on Friday, December 21st. Cowen downgraded Altria Group from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. Finally, Wells Fargo & Co reissued an “outperform” rating on shares of Altria Group in a research report on Monday, November 12th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $65.86.
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Altria Group Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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