Denali Advisors LLC Has $5 Million Stake in Altria Group Inc (MO)

Denali Advisors LLC grew its position in Altria Group Inc (NYSE:MO) by 12.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,000 shares of the company’s stock after purchasing an additional 9,300 shares during the quarter. Denali Advisors LLC’s holdings in Altria Group were worth $4,996,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MO. Oregon Public Employees Retirement Fund boosted its stake in shares of Altria Group by 4,426.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,150,081 shares of the company’s stock valued at $469,000 after purchasing an additional 22,638,593 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Altria Group by 82,381.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 22,356,466 shares of the company’s stock valued at $1,348,318,000 after purchasing an additional 22,329,361 shares during the last quarter. FMR LLC boosted its stake in shares of Altria Group by 13.9% in the 4th quarter. FMR LLC now owns 46,826,474 shares of the company’s stock valued at $2,312,760,000 after purchasing an additional 5,719,727 shares during the last quarter. Morgan Stanley boosted its stake in shares of Altria Group by 20.0% in the 3rd quarter. Morgan Stanley now owns 19,755,741 shares of the company’s stock valued at $1,191,471,000 after purchasing an additional 3,293,877 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Altria Group by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock valued at $1,229,235,000 after purchasing an additional 1,908,626 shares during the last quarter. 64.35% of the stock is currently owned by institutional investors.

Altria Group stock opened at $54.37 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.20. Altria Group Inc has a 12-month low of $42.40 and a 12-month high of $66.04. The firm has a market cap of $101.81 billion, a P/E ratio of 13.63, a P/E/G ratio of 1.63 and a beta of 0.39.

Altria Group (NYSE:MO) last released its earnings results on Thursday, January 31st. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.95. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the previous year, the company earned $0.91 EPS. On average, equities research analysts expect that Altria Group Inc will post 4.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 25th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, March 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.89%. Altria Group’s payout ratio is presently 80.20%.

In other Altria Group news, VP Ivan S. Feldman sold 6,802 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $51.18, for a total transaction of $348,126.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Nabil Y. Sakkab acquired 1,352 shares of the stock in a transaction on Monday, February 25th. The shares were acquired at an average price of $52.11 per share, for a total transaction of $70,452.72. Following the acquisition, the director now owns 39,660 shares of the company’s stock, valued at approximately $2,066,682.60. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

A number of research firms have recently commented on MO. Morgan Stanley lowered shares of Altria Group from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. ValuEngine upgraded shares of Altria Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Bank of America boosted their target price on shares of Altria Group from $56.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, TheStreet upgraded shares of Altria Group from a “c+” rating to a “b-” rating in a research report on Friday, March 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $63.11.

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Altria Group Company 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.

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

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