ETRADE Capital Management LLC Reduces Position in Altria Group Inc (MO)

ETRADE Capital Management LLC decreased its holdings in shares of Altria Group Inc (NYSE:MO) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,589 shares of the company’s stock after selling 5,624 shares during the quarter. ETRADE Capital Management LLC’s holdings in Altria Group were worth $4,277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Altria Group by 0.8% during the third quarter. Vanguard Group Inc. now owns 141,423,951 shares of the company’s stock worth $8,529,279,000 after acquiring an additional 1,107,891 shares during the period. Vanguard Group Inc raised its stake in Altria Group by 0.8% during the third quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock worth $8,529,279,000 after acquiring an additional 1,107,891 shares during the period. BlackRock Inc. raised its stake in Altria Group by 1.8% during the third quarter. BlackRock Inc. now owns 141,022,748 shares of the company’s stock worth $8,505,083,000 after acquiring an additional 2,433,533 shares during the period. FMR LLC raised its stake in Altria Group by 10.3% during the third quarter. FMR LLC now owns 41,106,747 shares of the company’s stock worth $2,479,149,000 after acquiring an additional 3,842,889 shares during the period. Finally, Capital International Investors raised its stake in Altria Group by 698.6% during the third quarter. Capital International Investors now owns 31,992,124 shares of the company’s stock worth $1,929,445,000 after acquiring an additional 27,986,154 shares during the period. Hedge funds and other institutional investors own 64.10% of the company’s stock.

NYSE MO opened at $56.40 on Friday. Altria Group Inc has a 52 week low of $42.40 and a 52 week high of $66.04. The company has a quick ratio of 0.09, a current ratio of 0.20 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $105.21 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.66 and a beta of 0.37.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, January 31st. The company reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, equities analysts expect that Altria Group Inc will post 4.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend is Friday, March 22nd. Altria Group’s dividend payout ratio (DPR) is presently 80.20%.

Several research firms recently weighed in on MO. Morgan Stanley lowered shares of Altria Group from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 22nd. Citigroup lowered shares of Altria Group from a “neutral” rating to a “sell” rating in a research note on Friday, December 21st. Deutsche Bank dropped their price objective on shares of Altria Group from $62.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, December 21st. Barclays assumed coverage on shares of Altria Group in a research report on Friday, December 7th. They issued an “overweight” rating and a $64.00 target price for the company. Finally, ValuEngine upgraded shares of Altria Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $65.86.

In related news, Director Nabil Y. Sakkab acquired 1,352 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was acquired at an average cost of $52.11 per share, for a total transaction of $70,452.72. Following the completion of the acquisition, the director now directly owns 39,660 shares of the company’s stock, valued at approximately $2,066,682.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ivan S. Feldman sold 6,802 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $51.18, for a total transaction of $348,126.36. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

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Altria Group 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.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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