Fuller & Thaler Asset Management Inc. Purchases New Holdings in Altria Group Inc (MO)
Fuller & Thaler Asset Management Inc. purchased a new stake in Altria Group Inc (NYSE:MO) during the third quarter, according to its most recent filing with the SEC. The fund purchased 3,900 shares of the company’s stock, valued at approximately $247,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cadinha & Co. LLC increased its holdings in shares of Altria Group by 34.8% in the 2nd quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock worth $693,000 after buying an additional 2,401 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Altria Group in the 2nd quarter worth about $1,120,000. Teacher Retirement System of Texas increased its holdings in shares of Altria Group by 4.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock worth $131,317,000 after buying an additional 76,988 shares during the last quarter. Rational Advisors LLC increased its holdings in shares of Altria Group by 44.1% in the 2nd quarter. Rational Advisors LLC now owns 27,397 shares of the company’s stock worth $2,040,000 after buying an additional 8,384 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Altria Group by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 2,870,318 shares of the company’s stock worth $213,753,000 after buying an additional 17,006 shares during the last quarter. Institutional investors own 62.64% of the company’s stock.
Several brokerages recently commented on MO. Berenberg Bank upgraded shares of Altria Group from a “hold” rating to a “buy” rating and upped their price target for the company from $60.01 to $71.00 in a report on Tuesday, December 19th. Vetr downgraded shares of Altria Group from a “hold” rating to a “sell” rating and set a $67.97 price target on the stock. in a report on Monday, December 11th. Zacks Investment Research downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Wells Fargo & Co upped their price target on shares of Altria Group from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. Finally, Jefferies Group set a $72.00 price target on shares of Altria Group and gave the company a “hold” rating in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $72.87.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. equities analysts predict that Altria Group Inc will post 3.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st were given a $0.66 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $2.64 annualized dividend and a yield of 3.77%. Altria Group’s dividend payout ratio (DPR) is 33.04%.
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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