Cortland Associates Inc. MO Has $2.41 Million Holdings in Altria Group Inc (MO)

Cortland Associates Inc. MO raised its position in Altria Group Inc (NYSE:MO) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,773 shares of the company’s stock after buying an additional 1,358 shares during the period. Altria Group accounts for 0.4% of Cortland Associates Inc. MO’s investment portfolio, making the stock its 20th biggest holding. Cortland Associates Inc. MO’s holdings in Altria Group were worth $2,412,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Bellwether Investment Group LLC increased its stake in Altria Group by 0.3% in the 2nd quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock valued at $331,000 after buying an additional 12 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in Altria Group by 0.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 4,912 shares of the company’s stock valued at $366,000 after buying an additional 28 shares during the last quarter. Cheviot Value Management LLC increased its stake in Altria Group by 1.0% in the 2nd quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock valued at $218,000 after buying an additional 28 shares during the last quarter. Thompson Davis & CO. Inc. increased its stake in Altria Group by 0.5% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 5,757 shares of the company’s stock valued at $429,000 after buying an additional 29 shares during the last quarter. Finally, Donaldson Capital Management LLC increased its stake in Altria Group by 0.7% in the 2nd quarter. Donaldson Capital Management LLC now owns 4,378 shares of the company’s stock valued at $326,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Several equities research analysts have commented on the stock. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. Royal Bank of Canada restated a “sector perform” rating and set a $62.00 price target (down previously from $65.00) on shares of Altria Group in a research note on Monday, February 5th. Vetr upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.45 price target for the company in a research note on Monday, February 5th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Tuesday, February 6th. Finally, Piper Jaffray Companies raised their price target on shares of Altria Group from $76.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus 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 firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $63.13, for a total value of $410,345.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig A. Johnson sold 14,953 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 64,809 shares of the company’s stock, valued at $4,315,631.31. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Shares of Altria Group Inc (MO) opened at $64.19 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.31 and a current ratio of 0.64. Altria Group Inc has a one year low of $60.01 and a one year high of $77.79. The stock has a market cap of $122,490.00, a P/E ratio of 12.04, a PEG ratio of 1.91 and a beta of 0.53.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.80 billion. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. Altria Group’s revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. research analysts expect that Altria Group Inc will post 4 earnings per share for the current year.

Altria Group declared that its board has approved a stock buyback program on Thursday, February 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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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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