Norinchukin Bank The Has $15.44 Million Holdings in Altria Group Inc (MO)

Norinchukin Bank The raised its stake in shares of Altria Group Inc (NYSE:MO) by 2.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 243,480 shares of the company’s stock after purchasing an additional 5,753 shares during the period. Norinchukin Bank The’s holdings in Altria Group were worth $15,442,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MO. Solaris Asset Management LLC boosted its stake in shares of Altria Group by 65.7% in the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after buying an additional 557 shares during the last quarter. CKW Financial Group purchased a new position in shares of Altria Group in the 2nd quarter worth approximately $109,000. Balentine LLC boosted its stake in shares of Altria Group by 32.4% in the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after buying an additional 357 shares during the last quarter. INR Advisory Services LLC purchased a new position in shares of Altria Group in the 2nd quarter worth approximately $134,000. Finally, Northwest Investment Counselors LLC boosted its stake in shares of Altria Group by 557.0% in the 3rd quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock worth $115,000 after buying an additional 1,543 shares during the last quarter. Institutional investors and hedge funds own 62.64% of the company’s stock.

Shares of Altria Group Inc (MO) opened at $71.12 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. The company has a market cap of $133,630.55, a P/E ratio of 8.90, a P/E/G ratio of 2.56 and a beta of 0.62. Altria Group Inc has a 1-year low of $60.01 and a 1-year high of $77.79.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. Altria Group’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 EPS. analysts expect that Altria Group Inc will post 3.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.71%. Altria Group’s dividend payout ratio (DPR) is presently 33.04%.

MO has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Wednesday, October 11th. Piper Jaffray Companies restated a “buy” rating and issued a $76.00 target price on shares of Altria Group in a research note on Friday, October 27th. Vetr upgraded Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 target price on the stock in a research note on Tuesday, October 24th. Berenberg Bank upgraded Altria Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.01 to $71.00 in a research note on Tuesday, December 19th. Finally, UBS Group cut their target price on Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $72.71.

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Altria Group Profile

Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.

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

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