Townsend & Associates Inc lifted its holdings in Altria Group Inc (NYSE:MO) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 73,354 shares of the company’s stock after purchasing an additional 217 shares during the quarter. Altria Group comprises 3.2% of Townsend & Associates Inc’s holdings, making the stock its 2nd biggest position. Townsend & Associates Inc’s holdings in Altria Group were worth $3,674,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Nuveen Asset Management LLC boosted its position in Altria Group by 584.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 8,679,362 shares of the company’s stock worth $410,968,000 after acquiring an additional 7,411,523 shares during the last quarter. State Street Corp boosted its position in Altria Group by 6.6% during the 3rd quarter. State Street Corp now owns 78,832,176 shares of the company’s stock worth $3,286,972,000 after acquiring an additional 4,850,215 shares during the last quarter. AQR Capital Management LLC boosted its position in Altria Group by 74.0% during the 2nd quarter. AQR Capital Management LLC now owns 4,727,202 shares of the company’s stock worth $223,833,000 after acquiring an additional 2,010,023 shares during the last quarter. Natixis boosted its position in Altria Group by 428.3% during the 2nd quarter. Natixis now owns 1,846,808 shares of the company’s stock worth $87,447,000 after acquiring an additional 1,497,259 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in Altria Group by 73.2% during the 2nd quarter. Toronto Dominion Bank now owns 2,428,023 shares of the company’s stock worth $114,938,000 after acquiring an additional 1,026,362 shares during the last quarter. Institutional investors and hedge funds own 62.51% of the company’s stock.
Shares of NYSE MO traded up $0.11 during trading hours on Tuesday, hitting $50.87. The company had a trading volume of 8,455,870 shares, compared to its average volume of 7,120,226. The stock has a market capitalization of $93.82 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.78 and a beta of 0.44. The company has a quick ratio of 0.27, a current ratio of 0.56 and a debt-to-equity ratio of 2.53. Altria Group Inc has a 1-year low of $39.30 and a 1-year high of $57.88. The firm’s 50 day moving average is $50.22 and its 200-day moving average is $46.88.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 6.61%. The ex-dividend date was Tuesday, December 24th. Altria Group’s payout ratio is presently 84.21%.
A number of equities analysts have weighed in on the company. Piper Jaffray Companies set a $49.00 price target on Altria Group and gave the stock a “hold” rating in a research report on Monday, September 30th. Morgan Stanley upped their price target on Altria Group from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. ValuEngine raised Altria Group from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Stifel Nicolaus reissued a “buy” rating on shares of Altria Group in a report on Tuesday, October 15th. Finally, Citigroup raised Altria Group from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, December 2nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Altria Group has an average rating of “Buy” and a consensus target price of $54.86.
About Altria Group
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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