Toronto Dominion Bank increased its stake in shares of Altria Group (NYSE:MO) by 24.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 670,242 shares of the company’s stock after buying an additional 130,981 shares during the quarter. Toronto Dominion Bank’s holdings in Altria Group were worth $49,904,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Cadinha & Co. LLC increased its holdings in Altria Group by 34.8% during the 2nd quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock valued at $693,000 after purchasing an additional 2,401 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in Altria Group by 164.9% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 244,398 shares of the company’s stock valued at $18,149,000 after purchasing an additional 152,121 shares in the last quarter. LMR Partners LLP acquired a new stake in Altria Group during the 2nd quarter valued at $1,120,000. Teacher Retirement System of Texas increased its holdings in Altria Group by 4.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock valued at $131,317,000 after purchasing an additional 76,988 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in Altria Group by 10.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 155,121 shares of the company’s stock valued at $11,079,000 after purchasing an additional 14,444 shares in the last quarter. Institutional investors and hedge funds own 62.70% of the company’s stock.
In other news, Director Dinyar S. Devitre sold 32,000 shares of the firm’s stock in a transaction on 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 through this link. 0.11% of the stock is owned by company insiders.
Altria Group (NYSE:MO) last released its earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period last year, the firm earned $0.82 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. equities research analysts forecast that Altria Group will post 3.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.68%. Altria Group’s dividend payout ratio is currently 33.04%.
MO has been the subject of a number of recent analyst reports. Jefferies Group set a $72.00 price target on Altria Group and gave the company a “hold” rating in a report on Friday, November 17th. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 target price for the company. in a research note on Monday, November 13th. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $76.00 target price on shares of Altria Group in a research note on Friday, October 27th. Finally, BidaskClub cut Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $72.64.
Altria Group Profile
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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