Oakbrook Investments LLC Purchases 23,150 Shares of Altria Group Inc (MO)
Oakbrook Investments LLC lifted its position in shares of Altria Group Inc (NYSE:MO) by 21.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,836 shares of the company’s stock after purchasing an additional 23,150 shares during the period. Oakbrook Investments LLC’s holdings in Altria Group were worth $8,171,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MO. Janus Henderson Group PLC increased its stake in shares of Altria Group by 21,647.0% in the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after buying an additional 19,740,509 shares during the last quarter. BlackRock Inc. increased its stake in shares of Altria Group by 7.6% in the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after buying an additional 8,969,677 shares during the last quarter. Capital World Investors increased its stake in shares of Altria Group by 27.6% in the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after buying an additional 8,914,575 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Altria Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after buying an additional 2,690,270 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Altria Group in the first quarter worth $104,292,000. 62.62% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have weighed in on the stock. Berenberg Bank upgraded shares of Altria Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.01 to $71.00 in a research note on Tuesday. Vetr lowered shares of Altria Group from a “hold” rating to a “sell” rating and set a $67.97 target price for the company. in a research note on Monday, December 11th. Jefferies Group set a $72.00 target price on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, November 17th. Zacks Investment Research lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Edward Jones upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $72.57.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. research analysts expect that Altria Group Inc will post 3.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.57%. Altria Group’s dividend payout ratio is currently 33.04%.
In other news, Director Dinyar S. Devitre sold 32,000 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by corporate insiders.
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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