Dupont Capital Management Corp Has $15.16 Million Holdings in Altria Group Inc (MO)

Dupont Capital Management Corp grew its stake in Altria Group Inc (NYSE:MO) by 35.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 251,310 shares of the company’s stock after acquiring an additional 66,189 shares during the quarter. Dupont Capital Management Corp’s holdings in Altria Group were worth $15,157,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MO. Pekin Singer Strauss Asset Management IL lifted its holdings in shares of Altria Group by 9.9% during the second quarter. Pekin Singer Strauss Asset Management IL now owns 9,510 shares of the company’s stock valued at $540,000 after purchasing an additional 859 shares in the last quarter. Burney Co. lifted its holdings in shares of Altria Group by 4.0% during the second quarter. Burney Co. now owns 22,348 shares of the company’s stock valued at $1,269,000 after purchasing an additional 859 shares in the last quarter. Reliance Trust Co. of Delaware lifted its holdings in shares of Altria Group by 1.3% during the third quarter. Reliance Trust Co. of Delaware now owns 65,627 shares of the company’s stock valued at $3,958,000 after purchasing an additional 871 shares in the last quarter. Cpwm LLC lifted its holdings in shares of Altria Group by 23.9% during the second quarter. Cpwm LLC now owns 4,527 shares of the company’s stock valued at $257,000 after purchasing an additional 874 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its holdings in shares of Altria Group by 3.9% during the second quarter. 180 Wealth Advisors LLC now owns 23,305 shares of the company’s stock valued at $1,323,000 after purchasing an additional 878 shares in the last quarter. 63.33% of the stock is currently owned by institutional investors and hedge funds.

Altria Group stock opened at $63.42 on Friday. The firm has a market cap of $122.83 billion, a P/E ratio of 18.76, a PEG ratio of 1.86 and a beta of 0.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.60 and a quick ratio of 0.36. Altria Group Inc has a one year low of $53.91 and a one year high of $74.38.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 25th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a return on equity of 48.31% and a net margin of 42.13%. As a group, research analysts anticipate that Altria Group Inc will post 3.99 earnings per share for the current year.

MO has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $75.00 price target on Altria Group and gave the company a “buy” rating in a report on Monday, July 23rd. Stifel Nicolaus lowered their price target on Altria Group from $78.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, July 27th. ValuEngine raised Altria Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Jefferies Financial Group downgraded Altria Group from a “buy” rating to a “hold” rating and set a $61.00 price target on the stock. in a report on Friday, August 24th. Finally, Bank of America set a $70.00 price objective on Altria Group and gave the company a “buy” rating in a research report on Thursday, September 13th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.87.

In related news, Director Dinyar S. Devitre sold 3,165 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $58.44, for a total transaction of $184,962.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

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About Altria Group

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

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