Parallel Advisors LLC acquired a new position in shares of Altria Group Inc (NYSE:MO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,204 shares of the company’s stock, valued at approximately $1,028,000.
A number of other large investors also recently made changes to their positions in MO. Price T Rowe Associates Inc. MD increased its position in shares of Altria Group by 47.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 15,458,032 shares of the company’s stock valued at $977,411,000 after buying an additional 4,983,941 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Altria Group by 891.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,741,164 shares of the company’s stock valued at $253,062,000 after buying an additional 3,363,935 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Altria Group by 13.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 21,915,337 shares of the company’s stock valued at $1,481,916,000 after buying an additional 2,676,668 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Altria Group during the fourth quarter valued at about $141,762,000. Finally, APG Asset Management N.V. increased its position in shares of Altria Group by 57.9% in the third quarter. APG Asset Management N.V. now owns 5,357,386 shares of the company’s stock valued at $338,748,000 after buying an additional 1,963,900 shares during the last quarter. Hedge funds and other institutional investors own 60.77% of the company’s stock.
Altria Group Inc (NYSE:MO) traded down 0.97% during midday trading on Thursday, reaching $71.41. 5,736,713 shares of the company were exchanged. Altria Group Inc has a 52-week low of $59.48 and a 52-week high of $76.54. The stock has a market capitalization of $138.54 billion, a price-to-earnings ratio of 9.81 and a beta of 0.61. The firm’s 50-day moving average price is $73.81 and its 200 day moving average price is $68.66. Altria Group also was the recipient of unusually large options trading on Monday. Investors bought 7,917 call options on the company. This represents an increase of 151% compared to the typical volume of 3,154 call options.
Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, February 1st. The company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The firm earned $5.45 billion during the quarter, compared to analyst estimates of $4.80 billion. Altria Group had a return on equity of 109.95% and a net margin of 55.31%. The company’s revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. Equities analysts predict that Altria Group Inc will post $3.29 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 10th. Investors of record on Wednesday, March 15th were given a $0.61 dividend. The ex-dividend date of this dividend was Monday, March 13th. This represents a $2.44 dividend on an annualized basis and a yield of 3.42%. Altria Group’s payout ratio is 33.47%.
Several research analysts have issued reports on MO shares. Bank of America Corp raised shares of Altria Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $75.00 in a research report on Wednesday, January 4th. Argus lifted their target price on shares of Altria Group from $73.00 to $79.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Vetr raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $74.89 target price on the stock in a report on Monday, April 3rd. Barclays PLC reaffirmed an “equal weight” rating and issued a $74.00 target price on shares of Altria Group in a report on Wednesday, March 29th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $71.00 target price on shares of Altria Group in a report on Friday, March 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $71.71.
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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