Flippin Bruce & Porter Inc. Reduces Stake in Altria Group Inc (MO)

Flippin Bruce & Porter Inc. lowered its position in shares of Altria Group Inc (NYSE:MO) by 9.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,800 shares of the company’s stock after selling 800 shares during the quarter. Flippin Bruce & Porter Inc.’s holdings in Altria Group were worth $495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in Altria Group by 21,647.0% in the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after purchasing an additional 19,740,509 shares in the last quarter. BlackRock Inc. raised its stake in Altria Group by 7.6% in the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after purchasing an additional 8,969,677 shares in the last quarter. Capital World Investors raised its stake in Altria Group by 27.6% in the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after purchasing an additional 8,914,575 shares in the last quarter. Vanguard Group Inc. raised its stake in Altria Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after purchasing an additional 2,690,270 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in Altria Group by 67.7% in the third quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock valued at $310,314,000 after purchasing an additional 1,974,500 shares in the last quarter. 62.64% of the stock is owned by institutional investors.

Altria Group Inc (NYSE:MO) opened at $69.61 on Friday. Altria Group Inc has a 12-month low of $60.01 and a 12-month high of $77.79. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. The stock has a market capitalization of $132,830.00, a PE ratio of 8.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Wednesday, December 20th. Altria Group’s dividend payout ratio is presently 33.00%.

A number of research firms recently commented on MO. Royal Bank of Canada reaffirmed a “hold” rating and issued a $62.00 price target on shares of Altria Group in a research note on Tuesday, October 3rd. Vetr raised Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price target for the company in a research note on Thursday, December 28th. Zacks Investment Research raised Altria Group from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Wells Fargo & Co boosted their price target on Altria Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $72.87.

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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.

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

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