New Mexico Educational Retirement Board trimmed its holdings in shares of Altria Group Inc (NYSE:MO) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,495 shares of the company’s stock after selling 8,200 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Altria Group were worth $7,927,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in MO. Capital International Investors lifted its holdings in Altria Group by 698.6% during the third quarter. Capital International Investors now owns 31,992,124 shares of the company’s stock valued at $1,929,445,000 after purchasing an additional 27,986,154 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Altria Group by 82,381.0% during the third quarter. Bank of New York Mellon Corp now owns 22,356,466 shares of the company’s stock valued at $1,348,318,000 after purchasing an additional 22,329,361 shares in the last quarter. FMR LLC lifted its holdings in Altria Group by 14.1% during the second quarter. FMR LLC now owns 37,263,858 shares of the company’s stock valued at $2,116,214,000 after purchasing an additional 4,613,088 shares in the last quarter. Morgan Stanley lifted its holdings in Altria Group by 20.0% during the third quarter. Morgan Stanley now owns 19,755,741 shares of the company’s stock valued at $1,191,471,000 after purchasing an additional 3,293,877 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Altria Group by 53.5% during the third quarter. Alliancebernstein L.P. now owns 8,540,024 shares of the company’s stock valued at $515,049,000 after purchasing an additional 2,976,847 shares in the last quarter. Institutional investors own 64.42% of the company’s stock.
MO stock opened at $49.04 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. Altria Group Inc has a twelve month low of $42.40 and a twelve month high of $68.21. The firm has a market cap of $92.28 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.46 and a beta of 0.36.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, January 31st. The company reported $0.95 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.95. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. As a group, analysts anticipate that Altria Group Inc will post 4.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 10th. Shareholders of record on Wednesday, December 26th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date was Monday, December 24th. Altria Group’s dividend payout ratio (DPR) is 80.20%.
MO has been the topic of several analyst reports. ValuEngine downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Zacks Investment Research downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Barclays initiated coverage on shares of Altria Group in a report on Friday, December 7th. They set an “overweight” rating and a $64.00 price target on the stock. TheStreet downgraded shares of Altria Group from a “b-” rating to a “c+” rating in a report on Monday, January 7th. Finally, Argus lifted their price target on shares of Altria Group from $70.00 to $71.00 and gave the company a “buy” rating in a report on Monday, October 29th. Four analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Altria Group has a consensus rating of “Hold” and a consensus price target of $66.71.
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Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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