Strs Ohio lessened its position in shares of Altria Group Inc (NYSE:MO) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,030,378 shares of the company’s stock after selling 49,746 shares during the quarter. Strs Ohio’s holdings in Altria Group were worth $73,579,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Altria Group by 2.0% in 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 in the last quarter. BlackRock Inc. lifted its holdings in shares of Altria Group by 7.6% in 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 in the last quarter. Capital World Investors lifted its holdings in shares of Altria Group by 27.6% in 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Altria Group by 7.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 21,970,538 shares of the company’s stock worth $1,393,372,000 after purchasing an additional 1,561,120 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Altria Group by 5.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 20,802,163 shares of the company’s stock worth $1,550,057,000 after purchasing an additional 1,040,839 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the company. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. Vetr upgraded Altria Group from a “hold” rating to a “buy” rating and set a $71.45 target price on the stock in a report on Monday, February 5th. UBS Group cut their target price on Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Jefferies Group upgraded Altria Group from a “hold” rating to a “buy” rating and cut their target price for the stock from $70.04 to $70.00 in a report on Friday, January 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $62.00 target price (down from $65.00) on shares of Altria Group in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.66.
Altria Group Inc (MO) opened at $65.46 on Monday. 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 52 week low of $60.01 and a 52 week high of $77.79. The firm has a market capitalization of $124,910.11, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The business had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same period last year, the business earned $0.68 EPS. The business’s revenue was down .4% on a year-over-year basis. equities research analysts anticipate that Altria Group Inc will post 4 earnings per share for the current year.
Altria Group announced that its board has approved a share buyback program on Thursday, February 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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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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