Todays Report: Today, APG Asset Management N.V. invests in 1,963,900 by buying Altria Group (MO) shares

Today, APG Asset Management N.V. invests in 1,963,900 by buying Altria Group (MO) shares

APG Asset Management N.V. increased its position in Altria Group (NYSE:MO) by 57.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,357,386 shares of the company’s stock after buying an additional 1,963,900 shares during the period. APG Asset Management N.V. owned approximately 0.27% of Altria Group worth $338,748,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. HM Capital Management LLC increased its position in shares of Altria Group by 0.3% in the third quarter. HM Capital Management LLC now owns 3,393 shares of the company’s stock worth $215,000 after buying an additional 10 shares in the last quarter. Hudock Capital Group LLC increased its position in shares of Altria Group by 0.3% in the second quarter. Hudock Capital Group LLC now owns 4,051 shares of the company’s stock worth $279,000 after buying an additional 14 shares in the last quarter. Tarbox Group Inc. increased its position in shares of Altria Group by 0.3% in the second quarter. Tarbox Group Inc. now owns 5,558 shares of the company’s stock worth $383,000 after buying an additional 15 shares in the last quarter. Pioneer Trust Bank N A OR increased its position in shares of Altria Group by 0.3% in the second quarter. Pioneer Trust Bank N A OR now owns 6,347 shares of the company’s stock worth $438,000 after buying an additional 16 shares in the last quarter. Finally, Day & Ennis LLC increased its position in shares of Altria Group by 0.5% in the second quarter. Day & Ennis LLC now owns 3,328 shares of the company’s stock worth $229,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 60.91% of the company’s stock.

Altria Group (NYSE:MO) traded up 0.72% during midday trading on Friday, hitting $64.48. The company had a trading volume of 3,459,396 shares. Altria Group has a 52-week low of $56.15 and a 52-week high of $70.15. The stock’s 50-day moving average price is $63.51 and its 200-day moving average price is $65.25. The stock has a market cap of $125.86 billion, a PE ratio of 24.24 and a beta of 0.57.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The business had revenue of $6.90 billion for the quarter, compared to analyst estimates of $5.11 billion. Altria Group had a return on equity of 202.19% and a net margin of 20.19%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 EPS. On average, equities research analysts expect that Altria Group will post $3.03 EPS for the current fiscal year.

A number of equities analysts have issued reports on MO shares. Vetr downgraded Altria Group from a “strong-buy” rating to a “buy” rating and set a $75.77 price target on the stock. in a research report on Monday, August 1st. Argus set a $73.00 price target on Altria Group and gave the stock a “buy” rating in a research report on Monday, August 1st. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Citigroup Inc. began coverage on Altria Group in a report on Monday, September 12th. They set a “buy” rating and a $72.00 target price for the company. Finally, reduced their target price on Altria Group from $69.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, September 15th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $69.94.

In related news, CEO Martin J. Barrington sold 15,960 shares of Altria Group stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $65.85, for a total transaction of $1,050,966.00. Following the completion of the transaction, the chief executive officer now directly owns 833,577 shares in the company, valued at approximately $54,891,045.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.15% of the company’s stock.

Altria Group Company Profile

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