Canada Pension Plan Investment Board Raises Position in Altria Group (NYSE:MO)

Canada Pension Plan Investment Board boosted its stake in Altria Group (NYSE:MO) by 23.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,799,398 shares of the company’s stock after buying an additional 730,600 shares during the period. Canada Pension Plan Investment Board owned about 0.20% of Altria Group worth $271,353,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Janus Capital Management LLC raised its stake in shares of Altria Group by 18.5% in the fourth quarter. Janus Capital Management LLC now owns 23,722,282 shares of the company’s stock valued at $1,604,101,000 after buying an additional 3,700,520 shares during the period. Federated Investors Inc. PA raised its stake in shares of Altria Group by 15.7% in the fourth quarter. Federated Investors Inc. PA now owns 13,886,143 shares of the company’s stock valued at $938,982,000 after buying an additional 1,879,295 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Altria Group by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,064,084 shares of the company’s stock valued at $274,822,000 after buying an additional 110,860 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Altria Group by 891.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,741,164 shares of the company’s stock valued at $253,062,000 after buying an additional 3,363,935 shares during the period. Finally, Putnam Investments LLC raised its stake in shares of Altria Group by 186.6% in the fourth quarter. Putnam Investments LLC now owns 3,473,614 shares of the company’s stock valued at $234,886,000 after buying an additional 2,261,462 shares during the period. 62.01% of the stock is owned by hedge funds and other institutional investors.

Altria Group (NYSE MO) opened at 73.42 on Friday. The company’s 50-day moving average price is $75.10 and its 200-day moving average price is $72.87. The stock has a market cap of $142.36 billion, a P/E ratio of 9.94 and a beta of 0.64. Altria Group has a one year low of $60.82 and a one year high of $77.79.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Tuesday, May 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The firm had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.63 billion. Altria Group had a return on equity of 76.43% and a net margin of 55.99%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. Analysts forecast that Altria Group will post $3.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Thursday, June 15th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Tuesday, June 13th. Altria Group’s payout ratio is currently 33.02%.

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Several equities research analysts have issued reports on MO shares. Vetr raised Altria Group from a “sell” rating to a “hold” rating and set a $74.25 price target for the company in a research note on Monday, March 27th. Barclays PLC reissued an “equal weight” rating and issued a $74.00 target price on shares of Altria Group in a research note on Wednesday, March 29th. BidaskClub raised Altria Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research lowered Altria Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Royal Bank Of Canada reissued a “sell” rating and issued a $62.00 target price on shares of Altria Group in a research note on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $72.34.

In other Altria Group news, Director Dinyar S. Devitre sold 4,285 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $70.72, for a total value of $303,035.20. Following the completion of the sale, the director now owns 112,457 shares of the company’s stock, valued at $7,952,959.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director George Munoz sold 5,000 shares of Altria Group stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total transaction of $361,750.00. The disclosure for this sale can be found here. 0.15% of the stock is owned by company insiders.

About Altria Group

Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.

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

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