Murphy Capital Management Inc. decreased its stake in Altria Group Inc (NYSE:MO) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,843 shares of the company’s stock after selling 2,926 shares during the quarter. Altria Group makes up 1.4% of Murphy Capital Management Inc.’s holdings, making the stock its 18th biggest position. Murphy Capital Management Inc.’s holdings in Altria Group were worth $10,010,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Altria Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after acquiring an additional 2,690,270 shares during the last quarter. BlackRock Inc. boosted its position in Altria Group by 7.6% during the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after acquiring an additional 8,969,677 shares during the last quarter. Capital World Investors boosted its position in Altria Group by 27.6% during the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after acquiring an additional 8,914,575 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Altria Group by 5.3% during the second quarter. Ameriprise Financial Inc. now owns 20,802,163 shares of the company’s stock worth $1,550,057,000 after acquiring an additional 1,040,839 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after acquiring an additional 19,740,509 shares during the last quarter. Institutional investors and hedge funds own 62.64% of the company’s stock.
A number of research firms recently weighed in on MO. Vetr upgraded shares of Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price target on the stock in a research report on Thursday, December 28th. Royal Bank of Canada reaffirmed a “hold” rating and set a $62.00 target price on shares of Altria Group in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of Altria Group from a “sell” rating to a “hold” rating in a research note on Monday. Wells Fargo & Co lifted their target price on shares of Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $72.87.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. equities research analysts forecast that Altria Group Inc will post 3.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend was Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is 33.00%.
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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.
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