Albert D Mason Inc. Boosts Stake in Altria Group (MO)
Albert D Mason Inc. increased its position in shares of Altria Group (NYSE:MO) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,120 shares of the company’s stock after buying an additional 115 shares during the period. Albert D Mason Inc.’s holdings in Altria Group were worth $794,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in MO. Janus Capital Management LLC raised its stake in shares of Altria Group by 18.5% in the fourth quarter. Janus Capital Management LLC now owns 23,722,282 shares of the company’s stock worth $1,604,101,000 after buying an additional 3,700,520 shares during the last quarter. Putnam Investments LLC raised its stake in shares of Altria Group by 186.6% in the fourth quarter. Putnam Investments LLC now owns 3,473,614 shares of the company’s stock worth $234,886,000 after buying an additional 2,261,462 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Altria Group during the fourth quarter worth $151,559,000. Alyeska Investment Group L.P. bought a new stake in shares of Altria Group during the fourth quarter worth $65,629,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Altria Group by 23.8% in the first quarter. Canada Pension Plan Investment Board now owns 3,799,398 shares of the company’s stock worth $271,353,000 after buying an additional 730,600 shares during the last quarter. Institutional investors own 62.01% of the company’s stock.
Altria Group (NYSE:MO) opened at 73.93 on Monday. The company has a market cap of $143.35 billion, a price-to-earnings ratio of 10.00 and a beta of 0.64. Altria Group has a 1-year low of $60.82 and a 1-year high of $77.79. The company’s 50 day moving average is $74.43 and its 200 day moving average is $72.19.
Altria Group (NYSE:MO) last issued its earnings results on Tuesday, May 2nd. The company reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The firm had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.63 billion. Altria Group had a net margin of 55.99% and a return on equity of 76.43%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. Equities research analysts forecast that Altria Group will post $3.28 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Thursday, June 15th were issued a $0.61 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $2.44 annualized dividend and a yield of 3.30%. Altria Group’s dividend payout ratio (DPR) is 33.02%.
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A number of equities research analysts recently weighed in on MO shares. Vetr upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $74.89 price objective for the company in a report on Monday, April 17th. Royal Bank Of Canada lowered shares of Altria Group from a “sector perform” rating to an “underperform” rating and set a $62.00 price objective for the company. in a report on Thursday, March 23rd. They noted that the move was a valuation call. Barclays PLC reiterated an “equal weight” rating and set a $74.00 price objective on shares of Altria Group in a report on Wednesday, March 29th. Zacks Investment Research lowered shares of Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Finally, BidaskClub upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Altria Group presently has a consensus rating of “Hold” and an average target price of $72.40.
In related news, Director Dinyar S. Devitre sold 4,285 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $70.72, for a total value of $303,035.20. Following the sale, the director now owns 112,457 shares of the company’s stock, valued at $7,952,959.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George Munoz sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total transaction of $361,750.00. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.
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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