Profund Advisors LLC lifted its position in shares of Altria Group Inc (NYSE:MO) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,101 shares of the company’s stock after acquiring an additional 974 shares during the period. Profund Advisors LLC’s holdings in Altria Group were worth $3,506,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in MO. Tocqueville Asset Management L.P. grew its position in Altria Group by 4.0% in the 4th quarter. Tocqueville Asset Management L.P. now owns 37,933 shares of the company’s stock worth $2,709,000 after purchasing an additional 1,471 shares during the period. Merit Financial Group LLC bought a new stake in Altria Group in the 4th quarter worth approximately $631,000. Independent Franchise Partners LLP grew its position in Altria Group by 24.0% in the 4th quarter. Independent Franchise Partners LLP now owns 3,104,104 shares of the company’s stock worth $221,664,000 after purchasing an additional 600,840 shares during the period. Moors & Cabot Inc. grew its position in Altria Group by 24.2% in the 4th quarter. Moors & Cabot Inc. now owns 62,919 shares of the company’s stock worth $4,484,000 after purchasing an additional 12,277 shares during the period. Finally, Scotia Capital Inc. grew its position in Altria Group by 3.4% in the 4th quarter. Scotia Capital Inc. now owns 62,504 shares of the company’s stock worth $4,464,000 after purchasing an additional 2,041 shares during the period. 62.57% of the stock is owned by institutional investors.
Shares of Altria Group stock opened at $63.85 on Friday. The firm has a market cap of $122,654.98, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.87 and a beta of 0.62. Altria Group Inc has a 1-year low of $59.07 and a 1-year high of $77.79. 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 (NYSE:MO) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The business had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The company’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS. equities analysts expect that Altria Group Inc will post 4.01 EPS for the current fiscal year.
Altria Group declared that its board has authorized a share repurchase plan on Thursday, February 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Thursday, March 15th will be paid a dividend of $0.70 per share. This is a boost from Altria Group’s previous quarterly dividend of $0.66. The ex-dividend date is Wednesday, March 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.39%. Altria Group’s payout ratio is 82.84%.
In related news, CEO Craig A. Johnson sold 14,953 shares of Altria Group stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $66.59, for a total transaction of $995,720.27. Following the transaction, the chief executive officer now owns 64,809 shares in the company, valued at approximately $4,315,631.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP James E. Dillard III sold 6,500 shares of Altria Group stock in a transaction on Friday, February 9th. The shares were sold at an average price of $63.13, for a total transaction of $410,345.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,117 shares of company stock worth $1,821,707. 0.11% of the stock is owned by corporate insiders.
MO has been the subject of a number of research analyst reports. Vetr downgraded shares of Altria Group from a “hold” rating to a “sell” rating and set a $67.97 target price for the company. in a research report on Monday, December 11th. Berenberg Bank raised shares of Altria Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $60.01 to $71.00 in a research report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Wells Fargo lifted their target price on shares of Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Finally, Jefferies Group upgraded shares of Altria Group from a “hold” rating to a “buy” rating and dropped their price target for the stock from $70.04 to $70.00 in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Altria Group currently has a consensus rating of “Buy” and a consensus price target of $74.99.
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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.
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