Texas Yale Capital Corp. increased its position in shares of Altria Group Inc (NYSE:MO) by 5.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,882 shares of the company’s stock after acquiring an additional 4,543 shares during the period. Texas Yale Capital Corp.’s holdings in Altria Group were worth $6,276,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of MO. Janus Henderson Group PLC lifted its stake in shares of Altria Group by 21,647.0% in the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after purchasing an additional 19,740,509 shares during the period. BlackRock Inc. raised its stake in Altria Group by 7.6% during the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after buying an additional 8,969,677 shares during the period. Capital World Investors raised its stake in Altria Group by 27.6% during the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after buying an additional 8,914,575 shares during the period. USS Investment Management Ltd bought a new stake in Altria Group during the 4th quarter worth approximately $269,661,000. Finally, Vanguard Group Inc. increased its holdings in Altria Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after purchasing an additional 2,690,270 shares in the last quarter. Institutional investors and hedge funds own 62.57% of the company’s stock.
In other news, CEO Brian W. Quigley sold 3,464 shares of Altria Group stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $62.40, for a total transaction of $216,153.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP W Hildebrandt Surgner, Jr. sold 3,200 shares of Altria Group stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $62.34, for a total transaction of $199,488.00. The disclosure for this sale can be found here. Insiders sold 28,117 shares of company stock valued at $1,821,707 over the last 90 days. 0.11% of the stock is currently owned by company insiders.
A number of brokerages have commented on MO. Deutsche Bank started coverage on Altria Group in a report on Monday, March 26th. They set a “buy” rating and a $72.00 price objective for the company. Jefferies Group reaffirmed a “buy” rating and issued a $84.00 target price on shares of Altria Group in a report on Thursday, March 15th. Argus reissued a “buy” rating and set a $79.00 price objective (up from $66.13) on shares of Altria Group in a report on Wednesday, March 14th. Zacks Investment Research lowered Altria Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, Vetr upgraded Altria Group from a “buy” rating to a “strong-buy” rating and set a $76.87 target price on the stock in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $74.99.
Shares of NYSE:MO traded down $0.69 on Friday, reaching $63.85. 6,456,752 shares of the company traded hands, compared to its average volume of 8,053,947. 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 stock has a market capitalization of $122,654.98, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.87 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 earnings results on Thursday, February 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The company had revenue of $4.71 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. research analysts predict that Altria Group Inc will post 4.01 EPS for the current year.
Altria Group declared that its Board of Directors has authorized a share repurchase program on Thursday, February 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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 $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from Altria Group’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a yield of 4.39%. Altria Group’s dividend payout ratio (DPR) is 82.84%.
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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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