Blair William & Co. IL Grows Position in Altria Group, Inc. (NYSE:MO)

Blair William & Co. IL grew its holdings in Altria Group, Inc. (NYSE:MOFree Report) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 290,901 shares of the company’s stock after buying an additional 8,992 shares during the quarter. Blair William & Co. IL’s holdings in Altria Group were worth $12,232,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MO. Empirical Finance LLC lifted its holdings in Altria Group by 1.1% during the fourth quarter. Empirical Finance LLC now owns 21,586 shares of the company’s stock valued at $987,000 after purchasing an additional 225 shares in the last quarter. Corrigan Financial Inc. raised its position in shares of Altria Group by 4.7% during the 2nd quarter. Corrigan Financial Inc. now owns 5,294 shares of the company’s stock worth $240,000 after purchasing an additional 236 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its stake in Altria Group by 6.9% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,711 shares of the company’s stock valued at $168,000 after buying an additional 239 shares in the last quarter. Perennial Investment Advisors LLC boosted its holdings in Altria Group by 5.0% in the 2nd quarter. Perennial Investment Advisors LLC now owns 5,055 shares of the company’s stock worth $229,000 after buying an additional 239 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its stake in Altria Group by 4.3% during the 3rd quarter. Clear Creek Financial Management LLC now owns 5,825 shares of the company’s stock worth $246,000 after buying an additional 240 shares in the last quarter. 58.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MO. UBS Group restated a “sell” rating and issued a $36.10 target price on shares of Altria Group in a research report on Tuesday, January 23rd. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Citigroup dropped their target price on shares of Altria Group from $46.50 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $47.22.

View Our Latest Research Report on MO

Altria Group Stock Performance

NYSE:MO opened at $40.11 on Monday. Altria Group, Inc. has a one year low of $39.06 and a one year high of $48.11. The stock has a market cap of $70.94 billion, a PE ratio of 8.78, a P/E/G ratio of 2.41 and a beta of 0.66. The stock has a 50 day moving average price of $40.99 and a 200 day moving average price of $42.00.

Altria Group (NYSE:MOGet Free Report) last issued its earnings results on Thursday, February 1st. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Altria Group had a negative return on equity of 243.71% and a net margin of 33.21%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the company earned $1.18 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, analysts predict that Altria Group, Inc. will post 5.08 earnings per share for the current fiscal year.

Altria Group declared that its board has approved a share repurchase plan on Thursday, February 1st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 9.77%. The ex-dividend date was Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is presently 85.78%.

Altria Group Profile

(Free Report)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches.

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

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