Teacher Retirement System of Texas boosted its position in Altria Group Inc (NYSE:MO) by 1,281.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 504,600 shares of the company’s stock after buying an additional 468,086 shares during the quarter. Teacher Retirement System of Texas’ holdings in Altria Group were worth $25,185,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of MO. Julex Capital Management LLC bought a new position in Altria Group during the third quarter worth about $25,000. Simon Quick Advisors LLC boosted its holdings in Altria Group by 518.4% during the fourth quarter. Simon Quick Advisors LLC now owns 538 shares of the company’s stock worth $27,000 after buying an additional 451 shares during the last quarter. Cedar Mountain Advisors LLC bought a new position in Altria Group during the fourth quarter worth about $27,000. Manchester Financial Inc. bought a new position in Altria Group during the fourth quarter worth about $28,000. Finally, Vigilant Capital Management LLC boosted its holdings in Altria Group by 140.3% during the third quarter. Vigilant Capital Management LLC now owns 704 shares of the company’s stock worth $29,000 after buying an additional 411 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.
Shares of NYSE:MO traded down $0.47 during trading on Friday, hitting $45.18. 432,160 shares of the company’s stock traded hands, compared to its average volume of 8,598,845. Altria Group Inc has a 52 week low of $39.30 and a 52 week high of $57.88. The company has a current ratio of 0.59, a quick ratio of 0.31 and a debt-to-equity ratio of 4.28. The company has a market cap of $86.31 billion, a price-to-earnings ratio of -62.76, a price-to-earnings-growth ratio of 1.64 and a beta of 0.50. The company has a 50-day moving average price of $49.29 and a 200-day moving average price of $46.83.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Altria Group had a positive return on equity of 67.74% and a negative net margin of 5.15%. The business had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the business posted $0.95 EPS. Altria Group’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts predict that Altria Group Inc will post 4.41 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on MO shares. Morgan Stanley raised their target price on Altria Group from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, December 16th. Royal Bank of Canada restated a “buy” rating and set a $68.00 target price on shares of Altria Group in a report on Thursday, January 30th. Citigroup upgraded Altria Group from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday, December 2nd. Piper Sandler upgraded Altria Group from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $52.00 to $57.00 in a report on Thursday, January 30th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Altria Group in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.19.
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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