Aperio Group LLC Has $69.16 Million Position in Altria Group Inc (MO)

Aperio Group LLC lifted its position in Altria Group Inc (NYSE:MO) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,146,689 shares of the company’s stock after purchasing an additional 76,229 shares during the quarter. Aperio Group LLC owned about 0.06% of Altria Group worth $69,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA purchased a new position in Altria Group during the third quarter worth about $103,000. IMA Wealth Inc. purchased a new position in Altria Group during the second quarter worth about $106,000. BerganKDV Wealth Management LLC purchased a new position in Altria Group during the second quarter worth about $123,000. BDO Wealth Advisors LLC boosted its stake in Altria Group by 165.5% during the second quarter. BDO Wealth Advisors LLC now owns 2,222 shares of the company’s stock worth $126,000 after buying an additional 1,385 shares during the period. Finally, Landaas & Co. WI ADV purchased a new position in Altria Group during the second quarter worth about $137,000. 63.12% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on the stock. Citigroup increased their price target on shares of Altria Group from $59.00 to $67.00 and gave the stock a “hold” rating in a research report on Friday, September 21st. Sanford C. Bernstein assumed coverage on shares of Altria Group in a research report on Tuesday. They set a “market perform” rating on the stock. Zacks Investment Research cut shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Stifel Nicolaus reduced their price target on shares of Altria Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, July 27th. Finally, Piper Jaffray Companies set a $75.00 price target on shares of Altria Group and gave the stock a “buy” rating in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $70.28.

In related news, Director Dinyar S. Devitre sold 3,165 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total value of $184,962.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

Shares of MO opened at $60.62 on Thursday. The stock has a market cap of $113.69 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.71 and a beta of 0.61. Altria Group Inc has a 1 year low of $53.91 and a 1 year high of $74.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.31 and a current ratio of 0.65.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, July 26th. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.01. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $5.02 billion. Altria Group had a net margin of 42.00% and a return on equity of 48.88%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. As a group, analysts predict that Altria Group Inc will post 4 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 10th. Investors of record on Friday, September 14th were issued a $0.80 dividend. This is a boost from Altria Group’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, September 13th. This represents a $3.20 annualized dividend and a yield of 5.28%. Altria Group’s dividend payout ratio (DPR) is 94.67%.

Altria Group Company 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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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