TD Asset Management Inc. Has $40.14 Million Stock Holdings in Altria Group, Inc. (NYSE:MO)

TD Asset Management Inc. cut its stake in shares of Altria Group, Inc. (NYSE:MOGet Rating) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 846,894 shares of the company’s stock after selling 1,955 shares during the period. TD Asset Management Inc.’s holdings in Altria Group were worth $40,135,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MO. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of Altria Group during the third quarter valued at $28,000. Masso Torrence Wealth Management Inc. purchased a new position in shares of Altria Group during the fourth quarter valued at $31,000. TAP Consulting LLC purchased a new position in shares of Altria Group during the fourth quarter valued at $32,000. Shore Point Advisors LLC purchased a new position in Altria Group in the fourth quarter valued at about $33,000. Finally, AHL Investment Management Inc. purchased a new position in Altria Group in the fourth quarter valued at about $36,000. 59.05% of the stock is currently owned by institutional investors.

Shares of NYSE:MO opened at $53.04 on Friday. Altria Group, Inc. has a fifty-two week low of $42.53 and a fifty-two week high of $57.05. The business has a 50-day moving average of $53.51 and a two-hundred day moving average of $49.81. The stock has a market capitalization of $96.03 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.67 and a beta of 0.50.

Altria Group (NYSE:MOGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.03. Altria Group had a negative return on equity of 2,506.92% and a net margin of 11.64%. The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.88 billion. During the same quarter in the previous year, the firm earned $1.07 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Altria Group, Inc. will post 4.84 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Friday, March 25th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, March 24th. This represents a $3.60 annualized dividend and a dividend yield of 6.79%. Altria Group’s dividend payout ratio is presently 219.51%.

A number of brokerages have commented on MO. Morgan Stanley boosted their target price on Altria Group from $47.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $54.00 to $60.00 in a research note on Friday, April 29th. The Goldman Sachs Group upgraded Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $48.00 to $57.00 in a research note on Tuesday, March 22nd. Cowen boosted their target price on Altria Group from $51.00 to $53.00 in a research note on Thursday, April 7th. Finally, Sanford C. Bernstein cut Altria Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $58.00 to $53.00 in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.75.

Altria Group Company Profile (Get Rating)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.

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

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