Sanctuary Wealth Management L.L.C. purchased a new stake in Altria Group Inc (NYSE:MO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,029 shares of the company’s stock, valued at approximately $216,000. Altria Group makes up about 0.2% of Sanctuary Wealth Management L.L.C.’s holdings, making the stock its 17th biggest position.
Other hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in Altria Group by 21,647.0% in the second 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 last quarter. BlackRock Inc. grew its stake in Altria Group by 7.6% in the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after acquiring an additional 8,969,677 shares during the period. Capital World Investors grew its stake in Altria Group by 27.6% in the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after acquiring an additional 8,914,575 shares during the period. USS Investment Management Ltd acquired a new position in Altria Group in the fourth quarter valued at about $269,661,000. Finally, Vanguard Group Inc. grew its stake in Altria Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after acquiring an additional 2,690,270 shares during the period. 62.57% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP W Hildebrandt Surgner, Jr. sold 3,200 shares of Altria Group stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $62.34, for a total value of $199,488.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig A. Johnson sold 14,953 shares of Altria Group stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $66.59, for a total value 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. In the last three months, insiders have sold 28,117 shares of company stock worth $1,821,707. 0.11% of the stock is currently owned by company insiders.
A number of research analysts have issued reports on the company. Deutsche Bank began coverage on Altria Group in a research note on Monday, March 26th. They issued a “buy” rating and a $72.00 target price for the company. Jefferies Group reaffirmed a “buy” rating and set a $84.00 price objective on shares of Altria Group in a research report on Thursday, March 15th. Argus reissued a “buy” rating and set a $79.00 price target (up from $66.13) on shares of Altria Group in a research report on Wednesday, March 14th. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $76.87 price target for the company in a research report on Monday, February 12th. One 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’s stock. Altria Group presently has an average rating of “Buy” and an average target price of $74.99.
NYSE:MO traded down $0.69 during trading hours on Friday, reaching $63.85. 6,456,752 shares of the company were exchanged, compared to its average volume of 8,053,947. The company has a market capitalization of $121,343.66, a P/E ratio of 18.89, a P/E/G ratio of 1.85 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 current ratio of 0.64 and a quick ratio of 0.31.
Altria Group (NYSE:MO) last issued its earnings results on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter last year, the business posted $0.68 EPS. The company’s revenue was down .4% compared to the same quarter last year. sell-side analysts anticipate that Altria Group Inc will post 4.01 EPS for the current fiscal year.
Altria Group announced that its Board of Directors has approved a share repurchase plan 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. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Thursday, March 15th will be issued a dividend of $0.70 per share. This is an increase from Altria Group’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.80 annualized dividend and a dividend yield of 4.39%. Altria Group’s dividend payout ratio (DPR) is 82.84%.
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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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