Altria Group Inc (NYSE:MO) Shares Acquired by Bartlett & Co. LLC

Bartlett & Co. LLC raised its stake in shares of Altria Group Inc (NYSE:MO) by 32.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,718 shares of the company’s stock after purchasing an additional 7,813 shares during the quarter. Bartlett & Co. LLC’s holdings in Altria Group were worth $1,297,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Farmers Trust Co. boosted its holdings in shares of Altria Group by 2.3% in the 3rd quarter. Farmers Trust Co. now owns 9,526 shares of the company’s stock valued at $390,000 after acquiring an additional 216 shares during the last quarter. Dividend Assets Capital LLC boosted its holdings in shares of Altria Group by 3.1% in the 3rd quarter. Dividend Assets Capital LLC now owns 7,264 shares of the company’s stock valued at $297,000 after acquiring an additional 216 shares during the last quarter. Waters Parkerson & CO. LLC boosted its holdings in shares of Altria Group by 0.3% in the 2nd quarter. Waters Parkerson & CO. LLC now owns 73,348 shares of the company’s stock valued at $3,473,000 after acquiring an additional 225 shares during the last quarter. Outlook Wealth Advisors LLC boosted its holdings in shares of Altria Group by 2.6% in the 2nd quarter. Outlook Wealth Advisors LLC now owns 9,006 shares of the company’s stock valued at $426,000 after acquiring an additional 225 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its holdings in shares of Altria Group by 4.4% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 5,538 shares of the company’s stock valued at $227,000 after acquiring an additional 233 shares during the last quarter. Institutional investors and hedge funds own 63.27% of the company’s stock.

Shares of NYSE MO opened at $46.41 on Friday. The company’s fifty day moving average price is $43.42 and its 200 day moving average price is $47.52. Altria Group Inc has a 1 year low of $39.30 and a 1 year high of $66.04. The company has a market capitalization of $86.40 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.27 and a current ratio of 0.56.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. Altria Group had a net margin of 7.00% and a return on equity of 56.17%. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts expect that Altria Group Inc will post 4.21 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 16th were issued a dividend of $0.84 per share. The ex-dividend date was Friday, September 13th. This is an increase from Altria Group’s previous quarterly dividend of $0.80. This represents a $3.36 dividend on an annualized basis and a yield of 7.24%. Altria Group’s dividend payout ratio is 84.21%.

Altria Group declared that its board has initiated a stock buyback plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 1.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Several analysts have recently commented on the stock. Royal Bank of Canada set a $68.00 price objective on shares of Altria Group and gave the company a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley set a $44.00 price objective on shares of Altria Group and gave the company a “hold” rating in a report on Tuesday, September 24th. TheStreet downgraded shares of Altria Group from a “b-” rating to a “c+” rating in a report on Wednesday, August 14th. ValuEngine downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Altria Group in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Altria Group currently has an average rating of “Hold” and an average target price of $54.35.

Altria Group 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.

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

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