Calamos Advisors LLC raised its position in Altria Group (NYSE:MO) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 287,192 shares of the company’s stock after buying an additional 108 shares during the period. Calamos Advisors LLC’s holdings in Altria Group were worth $19,805,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. State Street Corp boosted its position in Altria Group by 1.9% in the first quarter. State Street Corp now owns 72,465,487 shares of the company’s stock worth $4,540,692,000 after buying an additional 1,328,172 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Altria Group by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 52,621,380 shares of the company’s stock worth $3,297,256,000 after buying an additional 819,082 shares during the last quarter. BlackRock Group LTD boosted its position in Altria Group by 3.7% in the first quarter. BlackRock Group LTD now owns 17,340,810 shares of the company’s stock worth $1,086,574,000 after buying an additional 611,346 shares during the last quarter. Geode Capital Management LLC boosted its position in Altria Group by 1.8% in the first quarter. Geode Capital Management LLC now owns 16,102,973 shares of the company’s stock worth $1,006,993,000 after buying an additional 289,813 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Altria Group by 28.8% in the first quarter. Wellington Management Group LLP now owns 14,356,887 shares of the company’s stock worth $899,602,000 after buying an additional 3,207,663 shares during the last quarter. 61.29% of the stock is owned by hedge funds and other institutional investors.

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

Altria Group (NYSE:MO) traded up 0.89% on Wednesday, hitting $62.54. 5,006,397 shares of the company were exchanged. Altria Group has a one year low of $56.15 and a one year high of $70.15. The stock has a 50 day moving average price of $64.10 and a 200 day moving average price of $64.99. The firm has a market cap of $122.20 billion, a price-to-earnings ratio of 21.72 and a beta of 0.52.

Altria Group (NYSE:MO) last issued its earnings results on Wednesday, July 27th. The company reported $0.81 earnings per share for the quarter, beating the 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 business had revenue of $6.52 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the business earned $0.74 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that Altria Group will post $3.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 11th. Stockholders of record on Thursday, September 15th were given a dividend of $0.61 per share. This is a positive change from Altria Group’s previous quarterly dividend of $0.57. This represents a $2.44 annualized dividend and a dividend yield of 3.90%. The ex-dividend date was Tuesday, September 13th. Altria Group’s payout ratio is 84.72%.

Several equities analysts have recently commented on MO shares. Berenberg Bank started coverage on shares of Altria Group in a research report on Tuesday, June 14th. They set a “buy” rating and a $74.00 price target on the stock. Zacks Investment Research lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Monday, July 4th. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.87 price objective on the stock in a research note on Monday, September 12th. Jefferies Group started coverage on shares of Altria Group in a research note on Wednesday, September 21st. They set a “hold” rating and a $70.00 price objective on the stock. Finally, Stifel Nicolaus reiterated 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. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Altria Group has a consensus rating of “Buy” and an average target price of $69.44.

In other news, SVP James E. Dillard III sold 9,000 shares of Altria Group stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $66.68, for a total transaction of $600,120.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Charles N. Whitaker sold 11,000 shares of Altria Group stock in a transaction dated Thursday, August 4th. The shares were 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. Insiders own 0.15% of the company’s stock.

About Altria Group

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.

5 Day Chart for NYSE:MO

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