Renaissance Technologies LLC reduced its position in Altria Group Inc (NYSE:MO) by 23.9% during the fourth quarter, Holdings Channel reports. The firm owned 2,193,800 shares of the company’s stock after selling 689,000 shares during the period. Renaissance Technologies LLC’s holdings in Altria Group were worth $148,345,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Counsel LLC raised its position in shares of Altria Group by 1,500.0% in the third quarter. Integrated Wealth Counsel LLC now owns 1,600 shares of the company’s stock worth $101,000 after buying an additional 1,500 shares during the period. Timber Creek Capital Management LLC bought a new position in shares of Altria Group during the third quarter worth approximately $113,000. Isthmus Partners LLC raised its position in shares of Altria Group by 37.8% in the third quarter. Isthmus Partners LLC now owns 1,822 shares of the company’s stock worth $114,000 after buying an additional 500 shares during the period. CLS Investments LLC raised its position in shares of Altria Group by 251.9% in the fourth quarter. CLS Investments LLC now owns 1,777 shares of the company’s stock worth $120,000 after buying an additional 1,272 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Altria Group by 3.4% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,005 shares of the company’s stock worth $136,000 after buying an additional 65 shares during the period. 60.77% of the stock is currently owned by institutional investors.
Altria Group Inc (NYSE:MO) opened at 75.58 on Tuesday. Altria Group Inc has a one year low of $59.48 and a one year high of $76.54. The company’s 50-day moving average is $73.71 and its 200 day moving average is $67.30. The stock has a market capitalization of $146.63 billion, a price-to-earnings ratio of 10.38 and a beta of 0.61.
Altria Group (NYSE:MO) last posted its earnings results on Wednesday, February 1st. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $4.80 billion. Altria Group had a net margin of 55.31% and a return on equity of 109.95%. Altria Group’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. Equities analysts expect that Altria Group Inc will post $3.30 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Shareholders of record on Wednesday, March 15th will be issued a $0.61 dividend. The ex-dividend date is Monday, March 13th. This represents a $2.44 annualized dividend and a yield of 3.23%. Altria Group’s payout ratio is 33.47%.
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A number of equities analysts have recently commented on MO shares. Jefferies Group LLC set a $71.00 target price on shares of Altria Group and gave the stock a “hold” rating in a research report on Friday, February 17th. Vetr lowered shares of Altria Group from a “buy” rating to a “hold” rating and set a $67.46 target price on the stock. in a research report on Wednesday, December 7th. Zacks Investment Research lowered shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 4th. Argus raised their target price on shares of Altria Group from $73.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $74.00 target price on shares of Altria Group in a research report on Wednesday, December 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $71.37.
About Altria Group
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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