Swiss National Bank grew its holdings in Altria Group (NYSE:MO) by 9.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,222,194 shares of the company’s stock after purchasing an additional 735,800 shares during the period. Altria Group makes up 0.7% of Swiss National Bank’s investment portfolio, making the stock its 24th largest position. Swiss National Bank owned 0.43% of Altria Group worth $612,307,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in MO. Karp Capital Management Corp acquired a new position in shares of Altria Group in the 1st quarter valued at $104,292,000. Prudential Financial Inc. lifted its stake in shares of Altria Group by 26.6% in the 2nd quarter. Prudential Financial Inc. now owns 4,957,386 shares of the company’s stock valued at $369,177,000 after purchasing an additional 1,040,250 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Altria Group by 20.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,586,398 shares of the company’s stock valued at $341,549,000 after purchasing an additional 787,000 shares during the last quarter. State Street Corp lifted its stake in shares of Altria Group by 0.9% in the 1st quarter. State Street Corp now owns 74,624,722 shares of the company’s stock valued at $5,329,771,000 after purchasing an additional 687,246 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in shares of Altria Group in the 1st quarter valued at $39,943,000. 62.37% of the stock is currently owned by institutional investors and hedge funds.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.11% of the stock is owned by company insiders.
Shares of Altria Group (NYSE:MO) opened at $65.83 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. The stock has a market capitalization of $125,590.00, a PE ratio of 21.02, a price-to-earnings-growth ratio of 2.71 and a beta of 0.60. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79.
Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. Altria Group’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. equities research analysts expect that Altria Group will post 3.28 earnings per share for the current fiscal year.
Altria Group announced that its board has initiated a share repurchase plan on Thursday, July 27th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 0.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several brokerages have recently commented on MO. Piper Jaffray Companies set a $76.00 price target on Altria Group and gave the company a “buy” rating in a research note on Thursday, July 27th. Cowen and Company set a $78.00 target price on Altria Group and gave the stock a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered Altria Group from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Wells Fargo & Company reissued an “outperform” rating and set a $80.00 target price on shares of Altria Group in a research note on Monday, July 31st. Finally, UBS AG decreased their target price on Altria Group from $78.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $72.38.
About Altria Group
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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