Gamco Investors INC. ET AL acquired a new stake in Altria Group Inc (NYSE:MO) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,810 shares of the company’s stock, valued at approximately $334,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc increased its position in Altria Group by 0.8% during the third quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock worth $8,529,279,000 after acquiring an additional 1,107,891 shares during the period. FMR LLC grew its stake in Altria Group by 13.9% during the fourth quarter. FMR LLC now owns 46,826,474 shares of the company’s stock worth $2,312,760,000 after buying an additional 5,719,727 shares in the last quarter. Geode Capital Management LLC grew its stake in Altria Group by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock worth $1,229,235,000 after buying an additional 1,908,626 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Altria Group by 4,426.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,150,081 shares of the company’s stock worth $469,000 after buying an additional 22,638,593 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Altria Group by 1.9% during the fourth quarter. Bank of New York Mellon Corp now owns 22,776,754 shares of the company’s stock worth $1,124,943,000 after buying an additional 420,288 shares in the last quarter. 64.48% of the stock is currently owned by institutional investors.
MO has been the topic of a number of analyst reports. TheStreet upgraded shares of Altria Group from a “c+” rating to a “b-” rating in a research note on Friday, March 29th. Bank of America raised their price target on shares of Altria Group from $56.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. ValuEngine upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Zacks Investment Research upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Citigroup set a $52.00 price target on shares of Altria Group and gave the company a “sell” rating in a research note on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Altria Group has a consensus rating of “Hold” and an average target price of $61.91.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.60 billion. Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 EPS. On average, analysts forecast that Altria Group Inc will post 4.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be paid a $0.80 dividend. The ex-dividend date is Thursday, June 13th. This represents a $3.20 annualized dividend and a dividend yield of 6.70%. Altria Group’s dividend payout ratio is currently 80.20%.
In other Altria Group news, SVP Jody L. Begley sold 3,250 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $53.38, for a total transaction of $173,485.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $52.48, for a total transaction of $104,960.00. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
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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