OMERS ADMINISTRATION Corp Purchases New Holdings in Altria Group (MO)
OMERS ADMINISTRATION Corp purchased a new position in shares of Altria Group (NYSE:MO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 21,607 shares of the company’s stock, valued at approximately $1,609,000.
Several other institutional investors have also bought and sold shares of MO. Swiss National Bank boosted its holdings in shares of Altria Group by 25.1% during the 1st quarter. Swiss National Bank now owns 7,486,394 shares of the company’s stock worth $534,678,000 after buying an additional 1,501,400 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Altria Group during the 1st quarter worth approximately $104,292,000. Prudential Financial Inc. boosted its holdings in shares of Altria Group by 26.6% during the 2nd quarter. Prudential Financial Inc. now owns 4,957,386 shares of the company’s stock worth $369,177,000 after buying an additional 1,040,250 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Altria Group by 20.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,586,398 shares of the company’s stock worth $341,549,000 after buying an additional 787,000 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Altria Group by 0.9% during the 1st quarter. State Street Corp now owns 74,624,722 shares of the company’s stock worth $5,329,771,000 after buying an additional 687,246 shares in the last quarter. Hedge funds and other institutional investors own 62.29% of the company’s stock.
A number of research firms have issued reports on MO. Berenberg Bank restated a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. UBS AG reiterated a “hold” rating on shares of Altria Group in a report on Tuesday, August 8th. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 target price on the stock. in a report on Monday. Piper Jaffray Companies set a $76.00 target price on Altria Group and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $62.00 target price on shares of Altria Group in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $72.04.
Altria Group (NYSE:MO) opened at $65.26 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. Altria Group has a 52 week low of $60.01 and a 52 week high of $77.79. The firm has a market capitalization of $125,425.33, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period last year, the business earned $0.82 EPS. The business’s revenue was down 1.8% on a year-over-year basis. equities research analysts anticipate that Altria Group will post 3.28 earnings per share for the current year.
Altria Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 27th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 0.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently 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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