Altria Group, Inc. (NYSE:MO) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC grew its stake in shares of Altria Group, Inc. (NYSE:MO) by 111.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,153 shares of the company’s stock after buying an additional 9,054 shares during the quarter. DGS Capital Management LLC’s holdings in Altria Group were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MO. State Street Corp increased its position in shares of Altria Group by 5.6% during the 3rd quarter. State Street Corp now owns 73,481,686 shares of the company’s stock valued at $3,821,831,000 after purchasing an additional 3,910,738 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Altria Group by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after purchasing an additional 589,832 shares during the period. Geode Capital Management LLC grew its position in Altria Group by 2.5% during the third quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company’s stock valued at $2,079,919,000 after purchasing an additional 1,003,605 shares in the last quarter. Legal & General Group Plc increased its stake in Altria Group by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 12,355,509 shares of the company’s stock valued at $562,793,000 after buying an additional 191,236 shares during the period. Finally, AQR Capital Management LLC lifted its position in Altria Group by 25.0% in the 2nd quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock worth $295,055,000 after buying an additional 1,299,703 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Trading Down 0.2 %

Shares of MO traded down $0.09 during trading hours on Friday, hitting $54.90. 697,089 shares of the stock traded hands, compared to its average volume of 9,552,831. The business has a fifty day moving average of $53.51 and a 200-day moving average of $50.74. The firm has a market capitalization of $93.05 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.63. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. Altria Group’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 earnings per share. As a group, equities research analysts expect that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a yield of 7.43%. Altria Group’s payout ratio is 68.92%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group increased their price target on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a report on Monday, September 9th. Barclays lifted their target price on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price objective on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Altria Group has an average rating of “Hold” and an average target price of $53.33.

About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.