Courier Capital LLC trimmed its holdings in shares of Altria Group Inc (NYSE:MO) by 42.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,294 shares of the company’s stock after selling 3,912 shares during the period. Courier Capital LLC’s holdings in Altria Group were worth $336,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MO. Janus Henderson Group PLC increased its stake in shares of Altria Group by 21,647.0% in the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after buying an additional 19,740,509 shares during the period. BlackRock Inc. increased its stake in shares of Altria Group by 7.6% in the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after buying an additional 8,969,677 shares during the period. Capital World Investors increased its stake in shares of Altria Group by 27.6% in the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after buying an additional 8,914,575 shares during the period. Vanguard Group Inc. increased its stake in shares of Altria Group by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after buying an additional 2,690,270 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of Altria Group by 67.7% in the 3rd quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock valued at $310,314,000 after buying an additional 1,974,500 shares during the period. 62.64% of the stock is owned by hedge funds and other institutional investors.

Altria Group Inc (MO) opened at $70.31 on Tuesday. Altria Group Inc 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 stock has a market capitalization of $134,160.00, a price-to-earnings ratio of 8.79, a PEG ratio of 2.65 and a beta of 0.62.

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

The business 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 $0.66 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.75%. Altria Group’s dividend payout ratio is currently 33.00%.

Several equities research analysts have recently commented on MO shares. Jefferies Group set a $72.00 target price on Altria Group and gave the company a “hold” rating in a research note on Friday, November 17th. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 target price for the company. in a research note on Monday, November 13th. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $76.00 target price on shares of Altria Group in a research note on Friday, October 27th. Finally, Edward Jones raised Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. One 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. Altria Group currently has an average rating of “Hold” and a consensus price target of $72.87.

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

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