Altria Group Inc (MO) Shares Bought by Enterprise Financial Services Corp
Enterprise Financial Services Corp raised its holdings in Altria Group Inc (NYSE:MO) by 14.0% during the first quarter, HoldingsChannel reports. The firm owned 6,123 shares of the company’s stock after acquiring an additional 753 shares during the quarter. Enterprise Financial Services Corp’s holdings in Altria Group were worth $351,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of MO. Vanguard Group Inc lifted its stake in shares of Altria Group by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after acquiring an additional 1,107,891 shares during the last quarter. FMR LLC lifted its stake in shares of Altria Group by 13.9% in the 4th quarter. FMR LLC now owns 46,826,474 shares of the company’s stock valued at $2,312,760,000 after acquiring an additional 5,719,727 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Altria Group by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock valued at $1,229,235,000 after acquiring an additional 1,908,626 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Altria Group by 4,426.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,150,081 shares of the company’s stock valued at $469,000 after acquiring an additional 22,638,593 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Altria Group by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 22,776,754 shares of the company’s stock valued at $1,124,943,000 after acquiring an additional 420,288 shares during the last quarter. 64.18% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Ivan S. Feldman sold 6,802 shares of Altria Group stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $51.18, for a total value of $348,126.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nabil Y. Sakkab acquired 1,032 shares of the stock in a transaction dated Thursday, February 21st. The stock was acquired at an average cost of $50.42 per share, with a total value of $52,033.44. Following the completion of the transaction, the director now owns 38,308 shares in the company, valued at approximately $1,931,489.36. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.
Altria Group (NYSE:MO) last announced its earnings results on Thursday, April 25th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.02). The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.60 billion. Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 earnings per share. Analysts expect that Altria Group Inc will post 4.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend is Thursday, June 13th. Altria Group’s dividend payout ratio is currently 80.20%.
A number of brokerages have recently commented on MO. Zacks Investment Research cut Altria Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. ValuEngine cut Altria Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. TheStreet upgraded Altria Group from a “c+” rating to a “b-” rating in a research note on Friday, March 29th. Citigroup set a $52.00 price target on Altria Group and gave the company a “sell” rating in a research note on Thursday, March 28th. Finally, Morgan Stanley increased their price target on Altria Group from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, April 15th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $62.53.
Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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