Hochman Cole Investment Advisors Inc. reduced its position in shares of Altria Group Inc (NYSE:MO) by 24.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,827 shares of the company’s stock after selling 922 shares during the period. Hochman Cole Investment Advisors Inc.’s holdings in Altria Group were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Culbertson A N & Co. Inc. bought a new position in Altria Group during the 4th quarter worth $251,000. Cornerstone Financial Partners LLC increased its stake in Altria Group by 93.2% during the 4th quarter. Cornerstone Financial Partners LLC now owns 13,699 shares of the company’s stock worth $980,000 after acquiring an additional 6,608 shares during the period. First Manhattan Co. increased its stake in Altria Group by 22.8% during the 4th quarter. First Manhattan Co. now owns 1,125,517 shares of the company’s stock worth $80,373,000 after acquiring an additional 208,935 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Altria Group by 59.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 59,858 shares of the company’s stock worth $4,274,000 after acquiring an additional 22,215 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in Altria Group by 2.5% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 52,582 shares of the company’s stock worth $3,755,000 after acquiring an additional 1,269 shares during the period. 62.61% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on MO shares. Jefferies Group set a $72.00 price objective on Altria Group and gave the stock a “hold” rating in a research note on Friday, November 17th. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 price objective on the stock. in a research note on Monday, November 13th. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Tuesday, February 6th. Piper Jaffray Companies lifted their price target on Altria Group from $76.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Edward Jones upgraded Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. One 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. The company presently has an average rating of “Buy” and an average price target of $73.66.
In related news, SVP James E. Dillard III sold 6,500 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $63.13, for a total transaction of $410,345.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Craig A. Johnson sold 14,953 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $66.59, for a total value of $995,720.27. Following the sale, the chief executive officer now owns 64,809 shares in the company, valued at approximately $4,315,631.31. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
Altria Group Inc (NYSE:MO) opened at $65.46 on Friday. Altria Group Inc has a 52 week low of $60.01 and a 52 week high of $77.79. The company has a quick ratio of 0.31, a current ratio of 0.64 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $124,910.11, a price-to-earnings ratio of 19.31, a PEG ratio of 1.91 and a beta of 0.53.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.80 billion. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. Altria Group’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. sell-side analysts expect that Altria Group Inc will post 4 earnings per share for the current year.
Altria Group announced that its Board of Directors has authorized a share repurchase program on Thursday, February 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
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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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