Cantor Fitzgerald Investment Advisor L.P boosted its holdings in shares of Altria Group, Inc. (NYSE:MO – Get Rating) by 90.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,790 shares of the company’s stock after purchasing an additional 8,463 shares during the quarter. Cantor Fitzgerald Investment Advisor L.P’s holdings in Altria Group were worth $930,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in MO. Crossmark Global Holdings Inc. boosted its position in shares of Altria Group by 330.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 117,915 shares of the company’s stock valued at $5,588,000 after acquiring an additional 90,497 shares during the period. Calamos Advisors LLC grew its position in Altria Group by 3.5% in the 4th quarter. Calamos Advisors LLC now owns 510,131 shares of the company’s stock worth $24,175,000 after purchasing an additional 17,474 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Altria Group by 7.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 211,536 shares of the company’s stock worth $10,025,000 after purchasing an additional 15,440 shares during the period. Westbourne Investment Advisors Inc. acquired a new position in shares of Altria Group during the fourth quarter valued at about $763,000. Finally, Berkeley Capital Partners LLC lifted its stake in shares of Altria Group by 13.9% in the fourth quarter. Berkeley Capital Partners LLC now owns 10,672 shares of the company’s stock valued at $506,000 after buying an additional 1,303 shares during the period. 59.05% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on MO. StockNews.com assumed coverage on Altria Group in a report on Thursday, March 31st. They issued a “buy” rating for the company. The Goldman Sachs Group raised Altria Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $48.00 to $57.00 in a research report on Tuesday, March 22nd. Cowen boosted their price target on shares of Altria Group from $51.00 to $53.00 in a report on Thursday, April 7th. Cowen raised their price objective on shares of Altria Group from $51.00 to $53.00 in a report on Thursday, April 7th. Finally, Sanford C. Bernstein cut shares of Altria Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $58.00 to $53.00 in a research note on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Altria Group currently has an average rating of “Hold” and a consensus target price of $53.25.
Altria Group (NYSE:MO – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.03. The company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.88 billion. Altria Group had a net margin of 11.64% and a negative return on equity of 2,506.92%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share. On average, equities analysts predict that Altria Group, Inc. will post 4.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 11th. Shareholders of record on Wednesday, June 15th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date of this dividend is Tuesday, June 14th. Altria Group’s dividend payout ratio is currently 219.51%.
Altria Group Profile (Get Rating)
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.
- Get a free copy of the StockNews.com research report on Altria Group (MO)
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