Candriam Luxembourg S.C.A. trimmed its position in Altria Group Inc (NYSE:MO) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 360,123 shares of the company’s stock after selling 48,528 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Altria Group were worth $22,839,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of MO. Janus Henderson Group PLC boosted its holdings in shares of Altria Group by 21,647.0% during the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after purchasing an additional 19,740,509 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Altria Group by 7.6% during the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after purchasing an additional 8,969,677 shares during the last quarter. Capital World Investors boosted its holdings in shares of Altria Group by 27.6% during the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after purchasing an additional 8,914,575 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Altria Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after purchasing an additional 2,690,270 shares during the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of Altria Group by 67.7% during the 3rd quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock worth $310,314,000 after purchasing an additional 1,974,500 shares during the last quarter. Institutional investors own 62.64% of the company’s stock.
A number of research analysts recently commented on the company. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price objective on the stock. in a report on Monday, October 30th. Royal Bank of Canada reiterated a “hold” rating and issued a $62.00 price objective on shares of Altria Group in a report on Tuesday, October 3rd. Cowen upgraded Altria Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $64.00 to $71.00 in a report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Altria Group currently has an average rating of “Hold” and an average target price of $72.87.
Shares of Altria Group Inc (NYSE:MO) opened at $70.40 on Monday. The stock has a market capitalization of $134,336.58, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. Altria Group Inc has a 12-month low of $60.01 and a 12-month high of $77.79.
Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 earnings per share. equities 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 will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s payout ratio is 33.04%.
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About Altria Group
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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