Teacher Retirement System of Texas Grows Position in Altria Group, Inc. (NYSE:MO)

Teacher Retirement System of Texas raised its holdings in shares of Altria Group, Inc. (NYSE:MOGet Rating) by 10.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 851,019 shares of the company’s stock after buying an additional 79,240 shares during the quarter. Teacher Retirement System of Texas’ holdings in Altria Group were worth $44,466,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Sierra Capital LLC grew its holdings in shares of Altria Group by 12.6% in the fourth quarter. Sierra Capital LLC now owns 1,788 shares of the company’s stock valued at $85,000 after purchasing an additional 200 shares during the period. Orca Investment Management LLC grew its holdings in shares of Altria Group by 1.9% in the first quarter. Orca Investment Management LLC now owns 10,745 shares of the company’s stock valued at $561,000 after purchasing an additional 201 shares during the period. Ameritas Advisory Services LLC grew its holdings in shares of Altria Group by 0.5% in the first quarter. Ameritas Advisory Services LLC now owns 38,866 shares of the company’s stock valued at $2,031,000 after purchasing an additional 209 shares during the period. Radnor Capital Management LLC grew its holdings in shares of Altria Group by 1.1% in the first quarter. Radnor Capital Management LLC now owns 18,978 shares of the company’s stock valued at $992,000 after purchasing an additional 210 shares during the period. Finally, Key Financial Inc grew its holdings in shares of Altria Group by 5.8% in the first quarter. Key Financial Inc now owns 3,859 shares of the company’s stock valued at $202,000 after purchasing an additional 212 shares during the period. Hedge funds and other institutional investors own 59.05% of the company’s stock.

Altria Group Stock Performance

Shares of MO opened at $44.10 on Friday. The stock has a market capitalization of $79.42 billion, a PE ratio of 45.46, a P/E/G ratio of 2.28 and a beta of 0.62. Altria Group, Inc. has a 1 year low of $41.00 and a 1 year high of $57.05. The company’s 50-day simple moving average is $45.15 and its 200-day simple moving average is $49.97.

Altria Group (NYSE:MOGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.01. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Altria Group had a net margin of 6.88% and a negative return on equity of 488.86%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share. On average, sell-side analysts predict that Altria Group, Inc. will post 4.86 earnings per share for the current year.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 11th. Investors of record on Wednesday, June 15th were issued a $0.90 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $3.60 annualized dividend and a yield of 8.16%. Altria Group’s dividend payout ratio (DPR) is 371.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Barclays lowered shares of Altria Group from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $53.00 to $36.00 in a report on Wednesday, June 29th. Cowen lowered their target price on shares of Altria Group from $56.00 to $45.00 and set a “market perform” rating for the company in a research note on Monday, June 27th. Sanford C. Bernstein lowered shares of Altria Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $58.00 to $53.00 in a research note on Tuesday, May 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Altria Group from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, July 1st. Finally, Morgan Stanley raised shares of Altria Group from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $47.00 to $43.00 in a research note on Friday, June 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Altria Group presently has a consensus rating of “Hold” and an average target price of $47.00.

About Altria Group

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Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.

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

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