Altria Group Inc (NYSE:MO) Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lifted its holdings in shares of Altria Group Inc (NYSE:MO) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 27,619 shares of the company’s stock after acquiring an additional 805 shares during the period. Valeo Financial Advisors LLC’s holdings in Altria Group were worth $1,378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Balyasny Asset Management LLC lifted its holdings in shares of Altria Group by 344.0% during the second quarter. Balyasny Asset Management LLC now owns 24,049 shares of the company’s stock worth $1,139,000 after purchasing an additional 18,632 shares during the period. Marshall Wace North America L.P. acquired a new stake in Altria Group in the second quarter worth $749,000. Victory Capital Management Inc. boosted its position in shares of Altria Group by 215.9% during the second quarter. Victory Capital Management Inc. now owns 849,204 shares of the company’s stock worth $40,210,000 after purchasing an additional 580,400 shares in the last quarter. MidWestOne Financial Group Inc. bought a new position in shares of Altria Group during the second quarter worth $652,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Altria Group by 0.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 425,530 shares of the company’s stock valued at $20,149,000 after buying an additional 3,517 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE MO traded down $0.39 during trading hours on Friday, hitting $50.17. 369,397 shares of the stock were exchanged, compared to its average volume of 6,733,907. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.27 and a current ratio of 0.56. The company has a market cap of $95.33 billion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 1.81 and a beta of 0.44. The company’s fifty day simple moving average is $50.47 and its two-hundred day simple moving average is $47.02. Altria Group Inc has a 1-year low of $39.30 and a 1-year high of $57.88.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.19 EPS for the quarter, beating the 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 business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts expect that Altria Group Inc will post 4.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date of this dividend was Tuesday, December 24th. Altria Group’s dividend payout ratio is presently 84.21%.

A number of analysts recently commented on MO shares. Barclays set a $50.00 price objective on shares of Altria Group and gave the company a “buy” rating in a research report on Tuesday, October 8th. Argus set a $60.00 price objective on Altria Group and gave the company a “buy” rating in a report on Thursday, October 10th. Stifel Nicolaus reiterated a “buy” rating on shares of Altria Group in a research report on Tuesday, October 15th. Bank of America set a $54.00 target price on Altria Group and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley raised 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target 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.

Featured Article: How to start trading in the forex market?

Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group Inc (NYSE:MO).

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

Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.