Raymond James Trust N.A. reduced its stake in Altria Group Inc (NYSE:MO) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,474 shares of the company’s stock after selling 6,546 shares during the quarter. Raymond James Trust N.A.’s holdings in Altria Group were worth $7,069,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Altria Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after purchasing an additional 2,690,270 shares during the period. BlackRock Inc. increased its holdings in shares of Altria Group by 7.6% during the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after purchasing an additional 8,969,677 shares during the period. Capital World Investors increased its holdings in shares of Altria Group by 27.6% during the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after purchasing an additional 8,914,575 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Altria Group by 5.3% during the second quarter. Ameriprise Financial Inc. now owns 20,802,163 shares of the company’s stock worth $1,550,057,000 after purchasing an additional 1,040,839 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after purchasing an additional 19,740,509 shares during the period. 62.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Altria Group Inc (NYSE:MO) opened at $72.14 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. The stock has a market cap of $137,275.19, a P/E ratio of 9.03, a P/E/G ratio of 2.94 and a beta of 0.62. Altria Group Inc has a 52-week low of $60.01 and a 52-week high of $77.79.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.66%. Altria Group’s dividend payout ratio is currently 33.04%.

Several analysts recently issued reports on the stock. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price target on the stock. in a research report on Monday, October 30th. Royal Bank of Canada reiterated a “hold” rating and set a $62.00 price target on shares of Altria Group in a research report on Tuesday, October 3rd. Cowen upgraded shares of Altria Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $64.00 to $71.00 in a research report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Tuesday, October 31st. Two research 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. The company has an average rating of “Hold” and a consensus target price of $72.57.

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Altria Group Company 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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