Meag Munich Ergo Kapitalanlagegesellschaft MBH Sells 81,949 Shares of Altria Group Inc (MO)

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Meag Munich Ergo Kapitalanlagegesellschaft MBH lowered its position in shares of Altria Group Inc (NYSE:MO) by 53.3% in the 1st quarter, Holdings Channel reports. The fund owned 71,759 shares of the company’s stock after selling 81,949 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Altria Group were worth $4,066,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc grew its position in Altria Group by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after buying an additional 1,107,891 shares in the last quarter. FMR LLC grew its position in Altria Group by 13.9% in the 4th quarter. FMR LLC now owns 46,826,474 shares of the company’s stock valued at $2,312,760,000 after buying an additional 5,719,727 shares in the last quarter. Geode Capital Management LLC grew its position in Altria Group by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock valued at $1,229,235,000 after buying an additional 1,908,626 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Altria Group by 4,426.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,150,081 shares of the company’s stock valued at $469,000 after buying an additional 22,638,593 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Altria Group by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 22,776,754 shares of the company’s stock valued at $1,124,943,000 after buying an additional 420,288 shares in the last quarter. Institutional investors and hedge funds own 64.04% of the company’s stock.

Shares of NYSE MO opened at $52.40 on Friday. Altria Group Inc has a twelve month low of $42.40 and a twelve month high of $66.04. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.62 and a quick ratio of 0.39. The stock has a market capitalization of $98.04 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 1.62 and a beta of 0.35.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.02). Altria Group had a net margin of 24.87% and a return on equity of 49.42%. The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period in the previous year, the company posted $0.95 earnings per share. Altria Group’s revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Altria Group Inc will post 4.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date of this dividend is Thursday, June 13th. Altria Group’s payout ratio is 80.20%.

In other Altria Group news, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $52.48, for a total transaction of $104,960.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jody L. Begley sold 3,250 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $53.38, for a total transaction of $173,485.00. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

A number of brokerages recently issued reports on MO. Zacks Investment Research upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. ValuEngine upgraded shares of Altria Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Bank of America increased their target price on shares of Altria Group from $56.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. TheStreet upgraded shares of Altria Group from a “c+” rating to a “b-” rating in a research report on Friday, March 29th. Finally, Morgan Stanley increased their target price on shares of Altria Group from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $62.53.

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Altria Group 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.

See Also: Convertible Shares

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

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