Altria Group, Inc. (NYSE:MO) is Capital CS Group LLC’s 10th Largest Position

Capital CS Group LLC raised its stake in Altria Group, Inc. (NYSE:MOFree Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,223 shares of the company’s stock after buying an additional 500 shares during the period. Altria Group makes up approximately 1.1% of Capital CS Group LLC’s holdings, making the stock its 10th largest holding. Capital CS Group LLC’s holdings in Altria Group were worth $1,017,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Capital World Investors increased its stake in shares of Altria Group by 8.5% during the 2nd quarter. Capital World Investors now owns 96,401,945 shares of the company’s stock worth $4,367,008,000 after purchasing an additional 7,546,851 shares in the last quarter. State Street Corp boosted its position in Altria Group by 1.8% during the second quarter. State Street Corp now owns 70,564,529 shares of the company’s stock worth $3,262,710,000 after acquiring an additional 1,240,150 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Altria Group by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 44,456,064 shares of the company’s stock worth $1,857,271,000 after acquiring an additional 840,559 shares during the last quarter. Geode Capital Management LLC boosted its position in Altria Group by 3.3% during the second quarter. Geode Capital Management LLC now owns 37,025,033 shares of the company’s stock worth $1,672,836,000 after acquiring an additional 1,168,982 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Altria Group by 5.1% during the third quarter. Bank of New York Mellon Corp now owns 24,517,169 shares of the company’s stock worth $990,002,000 after acquiring an additional 1,192,266 shares during the last quarter. 58.94% of the stock is owned by hedge funds and other institutional investors.

Altria Group Trading Down 0.9 %

Shares of MO traded down $0.41 during mid-day trading on Friday, reaching $43.87. The company had a trading volume of 45,250,537 shares, compared to its average volume of 10,639,746. The stock has a market cap of $77.36 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 2.62 and a beta of 0.65. The firm has a fifty day simple moving average of $40.98 and a 200-day simple moving average of $41.57. Altria Group, Inc. has a fifty-two week low of $39.06 and a fifty-two week high of $48.04.

Altria Group (NYSE:MOGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.06 billion. Altria Group had a net margin of 33.21% and a negative return on equity of 244.55%. Altria Group’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $1.18 EPS. As a group, equities analysts predict that Altria Group, Inc. will post 5.07 EPS for the current fiscal year.

Altria Group announced that its Board of Directors has authorized a share repurchase program on Thursday, February 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 1.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 25th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $3.92 dividend on an annualized basis and a yield of 8.94%. Altria Group’s dividend payout ratio (DPR) is 85.78%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MO. UBS Group restated a “sell” rating and set a $36.10 target price on shares of Altria Group in a research report on Tuesday, January 23rd. StockNews.com lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $47.22.

Check Out Our Latest Stock Analysis on MO

Altria Group Company Profile

(Free Report)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

See Also

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

Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.