Field & Main Bank Invests $1.10 Million in Altria Group Inc (MO)

Field & Main Bank bought a new stake in shares of Altria Group Inc (NYSE:MO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,397 shares of the company’s stock, valued at approximately $1,100,000. Altria Group comprises about 1.1% of Field & Main Bank’s holdings, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Partnervest Advisory Services LLC grew its stake in Altria Group by 9.8% in the second quarter. Partnervest Advisory Services LLC now owns 12,444 shares of the company’s stock worth $927,000 after purchasing an additional 1,114 shares in the last quarter. Summit Securities Group LLC grew its stake in Altria Group by 2,423.4% in the second quarter. Summit Securities Group LLC now owns 2,700 shares of the company’s stock worth $201,000 after purchasing an additional 2,593 shares in the last quarter. Foundry Partners LLC grew its stake in Altria Group by 0.8% in the second quarter. Foundry Partners LLC now owns 181,997 shares of the company’s stock worth $13,553,000 after purchasing an additional 1,435 shares in the last quarter. Crescent Grove Advisors LLC bought a new position in Altria Group in the second quarter worth approximately $796,000. Finally, Teacher Retirement System of Texas grew its stake in Altria Group by 4.6% in the second quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock worth $131,317,000 after purchasing an additional 76,988 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

In other Altria Group news, CEO Craig A. Johnson sold 14,953 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now 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 can be accessed through this link. Also, SVP James E. Dillard III sold 6,500 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $63.13, for a total value of $410,345.00. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Shares of Altria Group Inc (NYSE:MO) opened at $65.46 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.31 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $124,910.11, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53. Altria Group Inc has a twelve month low of $60.01 and a twelve month high of $77.79.

Altria Group (NYSE:MO) last posted its earnings results 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 company had revenue of $4.71 billion during 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 revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. equities analysts forecast that Altria Group Inc will post 4 EPS for the current year.

Altria Group announced that its board has authorized a share repurchase program on Thursday, February 1st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

MO has been the topic of several research analyst reports. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price objective on the stock in a research note on Tuesday, October 24th. Piper Jaffray Companies reissued a “buy” rating and issued a $76.00 price objective on shares of Altria Group in a research note on Friday, October 27th. UBS Group dropped their price objective on Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Citigroup dropped their price objective on Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Finally, Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $73.66.

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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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