NuWave Investment Management LLC Acquires New Stake in Altria Group Inc (NYSE:MO)

NuWave Investment Management LLC acquired a new stake in Altria Group Inc (NYSE:MO) during the second quarter, according to its most recent filing with the SEC. The firm acquired 975 shares of the company’s stock, valued at approximately $46,000.

A number of other large investors have also recently bought and sold shares of MO. FMR LLC boosted its position in shares of Altria Group by 68.1% during the 1st quarter. FMR LLC now owns 78,710,352 shares of the company’s stock worth $4,520,337,000 after purchasing an additional 31,883,878 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Altria Group by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock worth $1,229,235,000 after purchasing an additional 1,908,626 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Altria Group by 5.4% during the 1st quarter. Janus Henderson Group PLC now owns 18,216,899 shares of the company’s stock worth $1,046,193,000 after purchasing an additional 926,612 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Altria Group by 1.0% during the 4th quarter. Legal & General Group Plc now owns 8,142,832 shares of the company’s stock worth $402,175,000 after purchasing an additional 83,052 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Altria Group by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,006,715 shares of the company’s stock worth $296,655,000 after purchasing an additional 93,073 shares in the last quarter. Hedge funds and other institutional investors own 64.24% of the company’s stock.

MO stock traded down $0.35 during trading on Wednesday, hitting $48.15. The stock had a trading volume of 620,029 shares, compared to its average volume of 5,558,532. The company has a 50 day moving average price of $49.42. Altria Group Inc has a 1-year low of $42.40 and a 1-year high of $66.04. The company has a market capitalization of $93.28 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.56 and a beta of 0.39. 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 announced its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share for the quarter, meeting the consensus estimate of $1.10. The firm had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.08 billion. Altria Group had a net margin of 24.87% and a return on equity of 49.42%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.01 EPS. As a group, analysts predict that Altria Group Inc will post 4.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 6.65%. The ex-dividend date was Thursday, June 13th. Altria Group’s dividend payout ratio (DPR) is 80.20%.

Several equities research analysts have commented on MO shares. ValuEngine upgraded shares of USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Goldman Sachs Group set a €135.00 ($156.98) target price on shares of SAP and gave the stock a “buy” rating in a research report on Friday, July 12th. Morgan Stanley reaffirmed a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a research note on Wednesday. Zacks Investment Research downgraded Wix.Com from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Finally, Citigroup set a $221.00 price target on 3M and gave the stock a “buy” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $60.44.

In other Altria Group news, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of Altria Group stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $52.48, for a total value of $104,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jody L. Begley sold 3,250 shares of Altria Group stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $53.38, for a total value of $173,485.00. The disclosure for this sale can be found here. 0.11% of the stock is 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.

See Also: Hedge Funds

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

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