Dimensional Fund Advisors LP increased its position in shares of Altria Group (NYSE:MO) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,804,301 shares of the company’s stock after buying an additional 48,567 shares during the period. Dimensional Fund Advisors LP owned 0.19% of Altria Group worth $262,316,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. First PREMIER Bank acquired a new position in Altria Group during the second quarter worth $103,000. First Personal Financial Services increased its stake in shares of Altria Group by 66.3% in the second quarter. First Personal Financial Services now owns 1,603 shares of the company’s stock worth $111,000 after buying an additional 639 shares in the last quarter. Tortoise Investment Management LLC increased its stake in shares of Altria Group by 26.6% in the second quarter. Tortoise Investment Management LLC now owns 1,654 shares of the company’s stock worth $114,000 after buying an additional 348 shares in the last quarter. CapWealth Advisors LLC increased its stake in shares of Altria Group by 6.3% in the first quarter. CapWealth Advisors LLC now owns 2,073 shares of the company’s stock worth $130,000 after buying an additional 123 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Altria Group by 4.8% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,086 shares of the company’s stock worth $144,000 after buying an additional 96 shares in the last quarter. 61.29% of the stock is owned by institutional investors and hedge funds.
Altria Group (NYSE:MO) traded down 0.86% during mid-day trading on Thursday, hitting $63.22. The company had a trading volume of 1,439,315 shares. The company has a market capitalization of $123.53 billion, a P/E ratio of 21.95 and a beta of 0.48. The company has a 50-day moving average price of $65.21 and a 200 day moving average price of $64.96. Altria Group has a 52-week low of $53.68 and a 52-week high of $70.15.
Altria Group (NYSE:MO) last issued its earnings results on Wednesday, July 27th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.01. The company earned $6.52 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Altria Group had a return on equity of 198.82% and a net margin of 22.05%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS. On average, analysts forecast that Altria Group will post $3.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 15th will be issued a $0.61 dividend. This is a boost from Altria Group’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Tuesday, September 13th. Altria Group’s dividend payout ratio is presently 84.72%.
MO has been the subject of a number of analyst reports. Vetr downgraded Altria Group from a “strong-buy” rating to a “buy” rating and set a $72.40 price target for the company. in a research report on Monday, August 15th. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Thursday, August 4th. Argus set a $73.00 price target on Altria Group and gave the stock a “buy” rating in a research report on Monday, August 1st. Stifel Nicolaus restated a “buy” rating and issued a $71.00 price target (up from $65.00) on shares of Altria Group in a research report on Monday, June 27th. Finally, Berenberg Bank initiated coverage on Altria Group in a research report on Tuesday, June 14th. They issued a “buy” rating and a $74.00 price target for the company. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $69.44.
In other news, SVP Charles N. Whitaker sold 11,000 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $66.53, for a total transaction of $731,830.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James E. Dillard III sold 9,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $66.68, for a total value of $600,120.00. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.
Altria Group Company Profile
Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.