Lyons Wealth Management LLC. grew its holdings in Altria Group Inc (NYSE:MO) by 55.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,355 shares of the company’s stock after purchasing an additional 1,558 shares during the quarter. Lyons Wealth Management LLC.’s holdings in Altria Group were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Balentine LLC lifted its stake in shares of Altria Group by 32.4% in the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after purchasing an additional 357 shares during the period. NewSquare Capital LLC lifted its stake in shares of Altria Group by 4,734.7% in the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock valued at $109,000 after purchasing an additional 106,530 shares during the period. Quantum Capital Management LLC NJ acquired a new position in shares of Altria Group in the 3rd quarter valued at about $114,000. Northwest Investment Counselors LLC lifted its stake in shares of Altria Group by 557.0% in the 3rd quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock valued at $115,000 after purchasing an additional 1,543 shares during the period. Finally, Oak Point Wealth Management acquired a new position in shares of Altria Group in the 4th quarter valued at about $120,000. 62.77% of the stock is currently owned by institutional investors.
Shares of Altria Group Inc (MO) opened at $63.19 on Friday. Altria Group Inc has a 12-month low of $60.01 and a 12-month high of $77.79. The company has a market capitalization of $120,089.37, a PE ratio of 18.64, a P/E/G ratio of 1.83 and a beta of 0.63. 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 issued its quarterly earnings data on Thursday, February 1st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm 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%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. equities analysts anticipate that Altria Group Inc will post 4.01 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.70 per share. This is a positive change from Altria Group’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Wednesday, March 14th. Altria Group’s payout ratio is currently 52.63%.
Altria Group announced that its Board of Directors has approved 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 purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
A number of research analysts have recently issued reports on MO shares. Vetr downgraded Altria Group from a “buy” rating to a “hold” rating and set a $71.65 price objective on the stock. in a research note on Monday, December 4th. Berenberg Bank raised Altria Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $60.01 to $71.00 in a research note on Tuesday, December 19th. Zacks Investment Research lowered Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Wells Fargo boosted their target price on Altria Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. Finally, Jefferies Group raised Altria Group from a “hold” rating to a “buy” rating and decreased their target price for the company from $70.04 to $70.00 in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $75.14.
In other Altria Group news, VP W Hildebrandt Surgner, Jr. sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $62.34, for a total transaction of $199,488.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Craig A. Johnson sold 14,953 shares of the business’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 value of $995,720.27. Following the sale, 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. Insiders have sold a total of 28,117 shares of company stock valued at $1,821,707 over the last three months. Corporate insiders own 0.11% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/03/18/altria-group-inc-mo-stake-lifted-by-lyons-wealth-management-llc.html.
Altria Group 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.
Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group Inc (NYSE:MO).
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.