Hyman Charles D lifted its holdings in shares of Altria (NYSE:MO) by 0.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,324 shares of the company’s stock after acquiring an additional 1,150 shares during the quarter. Altria makes up 1.2% of Hyman Charles D’s portfolio, making the stock its 28th biggest position. Hyman Charles D’s holdings in Altria were worth $10,677,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its holdings in Altria by 60.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 14,636,235 shares of the company’s stock worth $912,131,000 after purchasing an additional 5,542,534 shares in the last quarter. USS Investment Management Ltd bought a new position in Altria in the fourth quarter worth $269,661,000. Mackenzie Financial Corp raised its holdings in Altria by 433.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,151,406 shares of the company’s stock worth $225,042,000 after purchasing an additional 2,560,678 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Altria by 550.5% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,449,706 shares of the company’s stock worth $174,933,000 after purchasing an additional 2,073,131 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Altria by 17.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 11,564,981 shares of the company’s stock worth $720,730,000 after purchasing an additional 1,736,849 shares in the last quarter. Institutional investors own 63.05% of the company’s stock.
Shares of Altria opened at $55.29 on Friday, Marketbeat.com reports. Altria has a 1-year low of $54.58 and a 1-year high of $55.29. The company has a quick ratio of 0.34, a current ratio of 0.65 and a debt-to-equity ratio of 0.85. The firm has a market cap of $103.85 billion, a PE ratio of 15.20, a P/E/G ratio of 1.60 and a beta of 0.63.
Altria (NYSE:MO) last issued its quarterly earnings results on Thursday, April 26th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.02. Altria had a return on equity of 49.92% and a net margin of 41.85%. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same period last year, the company earned $0.73 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. sell-side analysts predict that Altria will post 4 EPS for the current fiscal year.
Altria announced that its board has approved a stock repurchase plan on Thursday, February 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 10th. Investors of record on Friday, June 15th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, June 14th. This represents a $2.80 annualized dividend and a dividend yield of 5.06%. Altria’s dividend payout ratio (DPR) is presently 82.84%.
In other Altria news, Director Mark Newman acquired 5,345 shares of the company’s stock in a transaction that occurred on Monday, April 30th. The shares were bought at an average cost of $56.19 per share, with a total value of $300,335.55. Following the completion of the transaction, the director now directly owns 6,022 shares of the company’s stock, valued at approximately $338,376.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian W. Quigley sold 3,464 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $62.40, for a total value of $216,153.60. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
A number of equities analysts have issued reports on MO shares. Jefferies Group reiterated a “buy” rating and issued a $84.00 price objective on shares of Altria in a report on Thursday, March 15th. Vetr upgraded Altria from a “sell” rating to a “hold” rating and set a $71.45 price objective for the company in a report on Friday, January 26th. Zacks Investment Research upgraded Altria from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Tuesday, February 6th. Piper Jaffray increased their price objective on Altria from $76.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Citigroup downgraded Altria from a “buy” rating to a “neutral” rating and set a $75.00 price target for the company. in a report on Wednesday, April 18th. Three research analysts have 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 stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.42.
Altria Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria (NYSE:MO).
Receive News & Ratings for Altria Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria and related companies with MarketBeat.com's FREE daily email newsletter.