Altria Group (MO) Stake Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in shares of Altria Group (NYSE:MO) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,802,163 shares of the company’s stock after buying an additional 1,040,839 shares during the quarter. Altria Group makes up about 0.8% of Ameriprise Financial Inc.’s investment portfolio, making the stock its 17th largest holding. Ameriprise Financial Inc. owned approximately 1.08% of Altria Group worth $1,550,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in MO. Cadinha & Co. LLC boosted its holdings in Altria Group by 34.8% in the second quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock worth $693,000 after purchasing an additional 2,401 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in Altria Group by 164.9% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 244,398 shares of the company’s stock worth $18,149,000 after purchasing an additional 152,121 shares during the period. LMR Partners LLP acquired a new position in Altria Group in the second quarter worth $1,120,000. Teacher Retirement System of Texas boosted its holdings in Altria Group by 4.6% in the second quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock worth $131,317,000 after purchasing an additional 76,988 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in Altria Group by 10.3% in the first quarter. Westwood Holdings Group Inc. now owns 155,121 shares of the company’s stock worth $11,079,000 after purchasing an additional 14,444 shares during the period. 62.70% of the stock is owned by institutional investors and hedge funds.

In related news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by insiders.

Altria Group (NYSE MO) traded up $0.10 during mid-day trading on Wednesday, reaching $70.18. The company’s stock had a trading volume of 8,431,801 shares, compared to its average volume of 6,795,125. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. The company has a market capitalization of $133,725.95, a PE ratio of 22.18, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. analysts predict that Altria Group will post 3.28 EPS for the current fiscal year.

MO has been the topic of a number of recent research reports. UBS reiterated a “hold” rating on shares of Altria Group in a research note on Tuesday, August 8th. Jefferies Group set a $67.00 target price on Altria Group and gave the company a “hold” rating in a research note on Thursday, August 24th. BidaskClub cut Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 target price on the stock. in a research note on Wednesday, September 6th. Finally, Cowen reiterated a “hold” rating on shares of Altria Group in a research note on Sunday, September 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $72.90.

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Altria Group Profile

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.

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

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