Altria Group Inc (MO) Shares Bought by Greystone Managed Investments Inc.
Greystone Managed Investments Inc. raised its position in shares of Altria Group Inc (NYSE:MO) by 18.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 171,641 shares of the company’s stock after acquiring an additional 26,790 shares during the period. Greystone Managed Investments Inc.’s holdings in Altria Group were worth $10,885,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MO. Janus Henderson Group PLC increased its holdings in shares of Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after buying an additional 19,740,509 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Altria Group by 7.6% during the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after buying an additional 8,969,677 shares in the last quarter. Capital World Investors increased its holdings in shares of Altria Group by 27.6% during the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after buying an additional 8,914,575 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Altria Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after buying an additional 2,690,270 shares in the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of Altria Group by 67.7% during the third quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock worth $310,314,000 after buying an additional 1,974,500 shares in the last quarter. Institutional investors and hedge funds own 62.64% of the company’s stock.
Several research analysts have recently issued reports on MO shares. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Wednesday, October 11th. Piper Jaffray Companies reiterated a “buy” rating and set a $76.00 price target on shares of Altria Group in a report on Friday, October 27th. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price target for the company in a report on Tuesday, October 24th. Berenberg Bank upgraded shares of Altria Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $60.01 to $71.00 in a report on Tuesday, December 19th. Finally, UBS Group lowered their price target on shares of Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $72.87.
Shares of Altria Group Inc (MO) opened at $70.15 on Thursday. The firm has a market capitalization of $131,512.45, a price-to-earnings ratio of 8.78, a P/E/G ratio of 2.52 and a beta of 0.62. Altria Group Inc has a 1-year low of $60.01 and a 1-year high of $77.79. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. Altria Group’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. equities analysts anticipate that Altria Group Inc will post 3.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.76%. Altria Group’s payout ratio is 33.04%.
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Altria Group 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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