CAPROCK Group Inc. increased its position in Altria Group Inc (NYSE:MO) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,410 shares of the company’s stock after purchasing an additional 817 shares during the period. CAPROCK Group Inc.’s holdings in Altria Group were worth $1,371,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Altria Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after acquiring an additional 2,690,270 shares in the last quarter. BlackRock Inc. lifted its stake in Altria Group by 7.6% during the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after acquiring an additional 8,969,677 shares in the last quarter. Capital World Investors lifted its stake in Altria Group by 27.6% during the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after acquiring an additional 8,914,575 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Altria Group by 5.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 20,802,163 shares of the company’s stock valued at $1,550,057,000 after purchasing an additional 1,040,839 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Altria Group by 21,647.0% during the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after purchasing an additional 19,740,509 shares during the last quarter. Institutional investors own 62.62% of the company’s stock.
Several equities research analysts have recently issued reports on MO shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $76.00 target price on shares of Altria Group in a research report on Friday, October 27th. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 target price for the company. in a research report on Friday, October 13th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Wednesday, October 11th. Citigroup decreased their target price on Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 30th. Finally, Edward Jones raised Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Altria Group has a consensus rating of “Hold” and an average target price of $72.57.
Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the 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 analyst estimates of $5.22 billion. During the same quarter last year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. analysts forecast that Altria Group Inc will post 3.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is currently 33.00%.
TRADEMARK VIOLATION NOTICE: “CAPROCK Group Inc. Purchases 817 Shares of Altria Group Inc (MO)” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://sportsperspectives.com/2017/12/21/caprock-group-inc-purchases-817-shares-of-altria-group-inc-mo.html.
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.
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.