Altria Group Inc (MO) Position Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Altria Group Inc (NYSE:MO) by 1.9% in the first quarter, HoldingsChannel reports. The firm owned 79,726 shares of the company’s stock after purchasing an additional 1,465 shares during the period. Daiwa Securities Group Inc.’s holdings in Altria Group were worth $4,578,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Telemus Capital LLC grew its position in shares of Altria Group by 0.7% during the 4th quarter. Telemus Capital LLC now owns 29,218 shares of the company’s stock worth $1,443,000 after buying an additional 207 shares during the period. Intellectus Partners LLC grew its position in shares of Altria Group by 3.7% during the 4th quarter. Intellectus Partners LLC now owns 5,977 shares of the company’s stock worth $300,000 after buying an additional 211 shares during the period. Abner Herrman & Brock LLC grew its position in shares of Altria Group by 2.3% during the 1st quarter. Abner Herrman & Brock LLC now owns 9,426 shares of the company’s stock worth $541,000 after buying an additional 213 shares during the period. Riverview Trust Co grew its position in shares of Altria Group by 7.5% during the 1st quarter. Riverview Trust Co now owns 3,084 shares of the company’s stock worth $177,000 after buying an additional 214 shares during the period. Finally, Wiley BROS. Aintree Capital LLC grew its position in shares of Altria Group by 3.5% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 6,535 shares of the company’s stock worth $375,000 after buying an additional 222 shares during the period. Institutional investors and hedge funds own 64.18% of the company’s stock.

Altria Group stock opened at $51.87 on Wednesday. Altria Group Inc has a fifty-two week low of $42.40 and a fifty-two week high of $66.04. The company has a market cap of $97.94 billion, a P/E ratio of 13.00, a PEG ratio of 1.65 and a beta of 0.35. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.39 and a current ratio of 0.62.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.02). Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the business earned $0.95 EPS. The firm’s revenue was down 6.0% compared to the same quarter last year. Analysts expect that Altria Group Inc will post 4.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 6.17%. The ex-dividend date is Thursday, June 13th. Altria Group’s payout ratio is 80.20%.

In other Altria Group news, VP Ivan S. Feldman sold 6,802 shares of Altria Group stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $51.18, for a total value of $348,126.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nabil Y. Sakkab purchased 1,352 shares of the business’s stock in a transaction on Monday, February 25th. The stock was bought at an average cost of $52.11 per share, for a total transaction of $70,452.72. Following the purchase, the director now owns 39,660 shares of the company’s stock, valued at approximately $2,066,682.60. The disclosure for this purchase can be found here. 0.11% of the stock is owned by company insiders.

Several brokerages have recently commented on MO. Morgan Stanley cut shares of Altria Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. ValuEngine upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Citigroup set a $45.00 price target on shares of Altria Group and gave the stock a “sell” rating in a research report on Friday, April 26th. Zacks Investment Research upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Finally, Bank of America lifted their price target on shares of Altria Group from $56.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Altria Group currently has an average rating of “Hold” and an average price target of $62.53.

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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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