Candriam Luxembourg S.C.A. boosted its stake in shares of Altria Group (NYSE:MO) by 86.4% during the second quarter, Holdings Channel reports. The institutional investor owned 375,303 shares of the company’s stock after buying an additional 173,954 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Altria Group were worth $25,882,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. First PREMIER Bank purchased a new position in shares of Altria Group during the second quarter valued at approximately $103,000. CapWealth Advisors LLC boosted its position in shares of Altria Group by 6.3% in the first quarter. CapWealth Advisors LLC now owns 2,073 shares of the company’s stock valued at $130,000 after buying an additional 123 shares in the last quarter. Barnett & Company Inc. purchased a new position in shares of Altria Group during the first quarter valued at approximately $180,000. Adirondack Trust Co. boosted its position in shares of Altria Group by 3.1% in the second quarter. Adirondack Trust Co. now owns 2,808 shares of the company’s stock valued at $194,000 after buying an additional 85 shares in the last quarter. Finally, Baker Boyer National Bank purchased a new position in shares of Altria Group during the second quarter valued at approximately $207,000. 61.29% of the stock is owned by institutional investors.
Altria Group (NYSE:MO) traded down 0.27% during trading on Monday, reaching $61.75. 5,277,513 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $64.36 and its 200-day moving average is $64.95. The company has a market cap of $120.66 billion, a P/E ratio of 21.44 and a beta of 0.52. Altria Group has a 12-month low of $56.15 and a 12-month high of $70.15.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.01. Altria Group had a net margin of 22.05% and a return on equity of 198.82%. The firm had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the business earned $0.74 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts predict that Altria Group will post $3.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.61 per share. This is a boost from Altria Group’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $2.44 dividend on an annualized basis and a yield of 3.95%. Altria Group’s dividend payout ratio (DPR) is presently 84.72%.
Several equities analysts recently commented on MO shares. Vetr cut shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $72.40 price objective for the company. in a research note on Monday, August 15th. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Thursday, August 4th. Argus set a $73.00 price objective on shares of Altria Group and gave the company a “buy” rating in a research note on Monday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $71.00 price objective (up previously from $65.00) on shares of Altria Group in a research note on Monday, June 27th. Finally, Berenberg Bank started coverage on shares of Altria Group in a research note on Tuesday, June 14th. They set a “buy” rating and a $74.00 price objective for the company. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Altria Group has an average rating of “Buy” and a consensus price target of $69.44.
In other Altria Group news, SVP James E. Dillard III sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $66.68, for a total transaction of $600,120.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Charles N. Whitaker sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $66.53, for a total transaction of $731,830.00. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.
Altria Group Company Profile
Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.
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