USA Mutuals Advisors Inc. reduced its holdings in Altria Group Inc (NYSE:MO) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,430 shares of the company’s stock after selling 9,870 shares during the period. Altria Group makes up about 7.8% of USA Mutuals Advisors Inc.’s investment portfolio, making the stock its largest position. USA Mutuals Advisors Inc.’s holdings in Altria Group were worth $14,313,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. NewSquare Capital LLC grew its holdings in shares of Altria Group by 4,734.7% during the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock worth $109,000 after purchasing an additional 106,530 shares in the last quarter. Balentine LLC grew its holdings in shares of Altria Group by 32.4% during the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after purchasing an additional 357 shares in the last quarter. Quantum Capital Management LLC NJ acquired a new stake in shares of Altria Group during the 3rd quarter worth approximately $114,000. Northwest Investment Counselors LLC grew its holdings in shares of Altria Group by 557.0% during the 3rd quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock worth $115,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Oak Point Wealth Management acquired a new stake in shares of Altria Group during the 4th quarter worth approximately $120,000. 62.57% of the stock is currently owned by institutional investors.
MO has been the topic of several recent analyst reports. Jefferies Group raised Altria Group from a “hold” rating to a “buy” rating and decreased their price target for the company from $70.04 to $70.00 in a research note on Friday, January 19th. Berenberg Bank raised Altria Group from a “hold” rating to a “buy” rating and boosted their price target for the company from $60.01 to $71.00 in a research note on Tuesday, December 19th. Zacks Investment Research raised 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. Vetr raised Altria Group from a “hold” rating to a “buy” rating and set a $71.45 price target on the stock in a research note on Monday, February 5th. Finally, Argus reaffirmed a “buy” rating and issued a $79.00 price target (up previously from $66.13) on shares of Altria Group in a research note on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $74.99.
In other news, VP W Hildebrandt Surgner, Jr. sold 3,200 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $62.34, for a total transaction of $199,488.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 of the company’s stock, valued at approximately $4,315,631.31. The disclosure for this sale can be found here. In the last three months, insiders sold 28,117 shares of company stock worth $1,821,707. Insiders own 0.11% of the company’s stock.
Altria Group stock opened at $63.85 on Friday. 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 $120,393.44, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.84 and a beta of 0.62. Altria Group Inc has a 52 week low of $59.07 and a 52 week high of $77.79.
Altria Group (NYSE:MO) last posted 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 company 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%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. research analysts anticipate that Altria Group Inc will post 4.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Thursday, March 15th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.80 dividend on an annualized basis and a yield of 4.39%. This is a positive change from Altria Group’s previous quarterly dividend of $0.66. Altria Group’s payout ratio is currently 82.84%.
Altria Group announced that its board has authorized a share repurchase program on Thursday, February 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is 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.
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