LMR Partners LLP increased its holdings in shares of Altria Group Inc (NYSE:MO) by 166.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,109 shares of the company’s stock after purchasing an additional 25,071 shares during the period. LMR Partners LLP’s holdings in Altria Group were worth $2,544,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MO. Guyasuta Investment Advisors Inc. grew its stake in Altria Group by 16.1% in the third quarter. Guyasuta Investment Advisors Inc. now owns 18,023 shares of the company’s stock valued at $1,143,000 after acquiring an additional 2,504 shares during the period. Alliance Wealth Management Group lifted its holdings in shares of Altria Group by 100.4% in the third quarter. Alliance Wealth Management Group now owns 6,618 shares of the company’s stock valued at $418,000 after purchasing an additional 3,316 shares in the last quarter. Johnson Financial Group LLC lifted its holdings in shares of Altria Group by 16.8% in the third quarter. Johnson Financial Group LLC now owns 6,661 shares of the company’s stock valued at $422,000 after purchasing an additional 958 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Altria Group in the third quarter valued at approximately $8,435,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of Altria Group by 25.7% in the third quarter. Park Avenue Securities LLC now owns 12,559 shares of the company’s stock valued at $790,000 after purchasing an additional 2,566 shares in the last quarter. 62.61% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Craig A. Johnson sold 14,953 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $66.59, for a total transaction of $995,720.27. Following the completion of the transaction, the chief executive officer now directly owns 64,809 shares in the company, valued at $4,315,631.31. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.11% of the stock is owned by insiders.
Altria Group Inc (NYSE MO) opened at $65.35 on Tuesday. The firm has a market capitalization of $124,700.00, a price-to-earnings ratio of 12.31, a PEG ratio of 1.87 and a beta of 0.53. Altria Group Inc has a 52-week low of $60.01 and a 52-week high of $77.79. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.64 and a quick ratio of 0.31.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. analysts anticipate that Altria Group Inc will post 4 EPS for the current year.
Altria Group announced that its board has authorized a share repurchase plan on Thursday, February 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
MO has been the topic of a number of recent research reports. Zacks Investment Research lowered Altria Group from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Vetr upgraded Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price target on the stock in a report on Tuesday, October 24th. Piper Jaffray Companies reiterated a “buy” rating and set a $76.00 price target on shares of Altria Group in a report on Friday, October 27th. UBS Group dropped their price target on Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Finally, Citigroup decreased their target price on Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $73.66.
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Altria Group Company Profile
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.
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