Altria Group, Inc. (NYSE:MO) Holdings Lowered by US Bancorp DE

US Bancorp DE decreased its stake in Altria Group, Inc. (NYSE:MOFree Report) by 0.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 596,588 shares of the company’s stock after selling 1,766 shares during the quarter. US Bancorp DE’s holdings in Altria Group were worth $30,450,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas acquired a new stake in shares of Altria Group in the first quarter worth $27,000. MFA Wealth Advisors LLC purchased a new position in Altria Group during the 2nd quarter valued at about $27,000. Hobbs Group Advisors LLC acquired a new position in shares of Altria Group in the 2nd quarter valued at about $30,000. Valley Wealth Managers Inc. lifted its position in shares of Altria Group by 63.9% in the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after purchasing an additional 260 shares in the last quarter. Finally, Lynx Investment Advisory acquired a new stake in shares of Altria Group during the second quarter worth approximately $44,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

MO has been the topic of several research reports. Citigroup upped their price objective on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. UBS Group increased their price objective on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday. Bank of America dropped their target price on Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Finally, StockNews.com lowered Altria Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.17.

Read Our Latest Report on MO

Altria Group Price Performance

Shares of NYSE:MO opened at $53.87 on Friday. The stock has a market capitalization of $91.91 billion, a P/E ratio of 9.29, a P/E/G ratio of 2.92 and a beta of 0.65. The business has a 50-day moving average of $51.42 and a two-hundred day moving average of $48.38. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $54.95.

Altria Group (NYSE:MOGet Free Report) last posted its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.02. Altria Group had a negative return on equity of 232.55% and a net margin of 42.25%. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same period in the previous year, the company earned $1.28 EPS. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, research analysts expect that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Altria Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 16th were given a dividend of $1.02 per share. This is a positive change from Altria Group’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Monday, September 16th. This represents a $4.08 dividend on an annualized basis and a yield of 7.57%. Altria Group’s payout ratio is currently 70.34%.

About Altria Group

(Free Report)

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

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

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