Green Square Capital LLC Has $5.61 Million Position in Altria Group Inc (MO)
Green Square Capital LLC lowered its stake in shares of Altria Group Inc (NYSE:MO) by 6.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,488 shares of the company’s stock after selling 7,274 shares during the quarter. Green Square Capital LLC’s holdings in Altria Group were worth $5,605,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Altria Group by 3.4% during the 2nd quarter. BlackRock Inc. now owns 138,589,215 shares of the company’s stock valued at $7,870,481,000 after acquiring an additional 4,581,335 shares in the last quarter. FMR LLC raised its stake in Altria Group by 14.1% during the 2nd quarter. FMR LLC now owns 37,263,858 shares of the company’s stock valued at $2,116,214,000 after acquiring an additional 4,613,088 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Altria Group by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,786,839 shares of the company’s stock valued at $1,237,273,000 after acquiring an additional 855,416 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Altria Group by 4.4% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 19,553,628 shares of the company’s stock valued at $1,218,582,000 after acquiring an additional 822,620 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Altria Group by 2.6% during the 2nd quarter. Janus Henderson Group PLC now owns 18,492,919 shares of the company’s stock valued at $1,050,215,000 after acquiring an additional 460,964 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.
MO opened at $62.44 on Tuesday. Altria Group Inc has a one year low of $53.91 and a one year high of $74.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.31 and a current ratio of 0.65. The firm has a market capitalization of $117.01 billion, a PE ratio of 18.47, a PEG ratio of 1.76 and a beta of 0.62.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Friday, September 14th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date is Thursday, September 13th. This is an increase from Altria Group’s previous quarterly dividend of $0.70. Altria Group’s payout ratio is currently 94.67%.
MO has been the topic of several recent analyst reports. Jefferies Financial Group set a $70.00 target price on Altria Group and gave the company a “buy” rating in a research note on Friday, June 1st. Piper Jaffray Companies set a $75.00 target price on Altria Group and gave the company a “buy” rating in a research note on Monday, July 23rd. Consumer Edge initiated coverage on Altria Group in a research note on Monday, June 11th. They set an “equal weight” rating and a $69.31 target price on the stock. Zacks Investment Research raised Altria Group from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Finally, Bank of America set a $70.00 target price on Altria Group and gave the company a “buy” rating in a research note on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $70.95.
In other news, Director Dinyar S. Devitre sold 3,165 shares of the business’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $58.44, for a total value of $184,962.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by insiders.
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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