Scotia Capital Inc. Has $3.77 Million Stock Position in Altria Group, Inc. (NYSE:MO)

Scotia Capital Inc. increased its holdings in shares of Altria Group, Inc. (NYSE:MOFree Report) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,321 shares of the company’s stock after purchasing an additional 7,787 shares during the period. Scotia Capital Inc.’s holdings in Altria Group were worth $3,765,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC grew its stake in Altria Group by 39.9% in the third quarter. WealthPlan Investment Management LLC now owns 27,273 shares of the company’s stock valued at $1,147,000 after acquiring an additional 7,785 shares during the period. Jump Financial LLC acquired a new stake in Altria Group in the third quarter valued at approximately $261,000. Qsemble Capital Management LP acquired a new stake in Altria Group in the third quarter valued at approximately $345,000. Moors & Cabot Inc. boosted its position in shares of Altria Group by 4.3% during the third quarter. Moors & Cabot Inc. now owns 35,602 shares of the company’s stock valued at $1,497,000 after buying an additional 1,458 shares during the last quarter. Finally, Greatmark Investment Partners Inc. boosted its position in shares of Altria Group by 23.5% during the third quarter. Greatmark Investment Partners Inc. now owns 10,499 shares of the company’s stock valued at $441,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Up 1.8 %

Altria Group stock traded up $0.81 during mid-day trading on Friday, reaching $46.25. 13,899,903 shares of the company’s stock were exchanged, compared to its average volume of 8,778,434. The business’s fifty day simple moving average is $43.69 and its 200 day simple moving average is $42.12. The firm has a market capitalization of $79.44 billion, a PE ratio of 9.68, a P/E/G ratio of 2.85 and a beta of 0.66. Altria Group, Inc. has a one year low of $39.06 and a one year high of $46.60.

Altria Group (NYSE:MOGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.15 EPS for the quarter, hitting analysts’ consensus estimates of $1.15. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.71 billion. Altria Group had a negative return on equity of 222.80% and a net margin of 34.81%. Altria Group’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. On average, sell-side analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 annualized dividend and a dividend yield of 8.48%. Altria Group’s payout ratio is presently 82.01%.

Insider Buying and Selling at Altria Group

In other Altria Group news, VP Charles N. Whitaker sold 22,487 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total value of $988,303.65. Following the sale, the vice president now directly owns 173,485 shares in the company, valued at $7,624,665.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

MO has been the topic of several analyst reports. StockNews.com cut Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 target price on shares of Altria Group in a research report on Monday, March 25th. Finally, UBS Group lifted their target price on Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.90.

Read Our Latest Stock Analysis on Altria Group

About Altria Group

(Free Report)

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.

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

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