Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $21.93 Million Stock Position in Altria Group, Inc. (NYSE:MO)


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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Altria Group, Inc. (NYSE:MO) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 534,755 shares of the company’s stock after purchasing an additional 23,598 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Altria Group were worth $21,925,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ExodusPoint Capital Management LP acquired a new stake in shares of Altria Group during the third quarter worth $1,741,000. Sentry Investment Management LLC grew its holdings in Altria Group by 4.0% during the 4th quarter. Sentry Investment Management LLC now owns 232,974 shares of the company’s stock worth $9,552,000 after acquiring an additional 9,065 shares during the period. OLD National Bancorp IN raised its position in shares of Altria Group by 59.5% in the 4th quarter. OLD National Bancorp IN now owns 86,936 shares of the company’s stock worth $3,564,000 after acquiring an additional 32,435 shares in the last quarter. Regentatlantic Capital LLC lifted its stake in shares of Altria Group by 29.0% in the 4th quarter. Regentatlantic Capital LLC now owns 46,926 shares of the company’s stock valued at $1,924,000 after purchasing an additional 10,541 shares during the period. Finally, First City Capital Management Inc. boosted its position in shares of Altria Group by 84.4% during the 3rd quarter. First City Capital Management Inc. now owns 66,539 shares of the company’s stock valued at $2,632,000 after purchasing an additional 30,453 shares in the last quarter. Hedge funds and other institutional investors own 62.18% of the company’s stock.

NYSE MO opened at $44.42 on Tuesday. The business’s fifty day moving average is $42.12 and its 200-day moving average is $41.22. The company has a debt-to-equity ratio of 8.59, a current ratio of 0.77 and a quick ratio of 0.55. The stock has a market capitalization of $82.55 billion, a price-to-earnings ratio of 123.39, a PEG ratio of 2.25 and a beta of 0.54. Altria Group, Inc. has a one year low of $30.95 and a one year high of $45.69.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, January 27th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.03). The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.95 billion. Altria Group had a return on equity of 148.93% and a net margin of 2.84%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS. Research analysts expect that Altria Group, Inc. will post 4.37 EPS for the current fiscal year.

Altria Group declared that its board has approved a stock repurchase plan on Thursday, January 28th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

A number of research firms have issued reports on MO. Piper Sandler increased their price target on Altria Group from $47.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, December 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Altria Group from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, January 22nd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Altria Group in a research note on Sunday, January 31st. Sanford C. Bernstein started coverage on Altria Group in a research report on Tuesday, January 19th. They set an “outperform” rating and a $53.00 target price on the stock. Finally, TheStreet raised shares of Altria Group from a “c” rating to a “b-” rating in a research report on Thursday, January 28th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.00.

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, as well as provides on! oral nicotine pouches.

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

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