Brown Advisory Securities LLC lifted its stake in Altria Group Inc (NYSE:MO) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,490 shares of the company’s stock after acquiring an additional 1,483 shares during the quarter. Brown Advisory Securities LLC’s holdings in Altria Group were worth $2,032,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. NewSquare Capital LLC boosted its holdings in shares of Altria Group by 4,734.7% in the third quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock worth $109,000 after buying an additional 106,530 shares during the last quarter. Balentine LLC lifted its holdings in Altria Group by 32.4% during the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after purchasing an additional 357 shares in the last quarter. Quantum Capital Management LLC NJ purchased a new position in Altria Group during the third quarter valued at approximately $114,000. Northwest Investment Counselors LLC lifted its holdings in Altria Group by 557.0% during the third quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock valued at $115,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Oak Point Wealth Management purchased a new position in Altria Group during the fourth quarter valued at approximately $120,000. 62.54% of the stock is currently owned by institutional investors.
In related news, CEO Craig A. Johnson sold 14,953 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $66.59, for a total value of $995,720.27. Following the sale, the chief executive officer now owns 64,809 shares in the company, valued at $4,315,631.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian W. Quigley sold 3,464 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $62.40, for a total transaction of $216,153.60. The disclosure for this sale can be found here. Insiders sold 28,117 shares of company stock worth $1,821,707 in the last 90 days. 0.11% of the stock is currently owned by company insiders.
MO has been the topic of several analyst reports. Vetr raised shares of Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price target on the stock in a report on Thursday, December 28th. Zacks Investment Research downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Wells Fargo lifted their price target on shares of Altria Group from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. Jefferies Group raised shares of Altria Group from a “hold” rating to a “buy” rating and lowered their price target for the company from $70.04 to $70.00 in a report on Friday, January 19th. Finally, Piper Jaffray lifted their price target on shares of Altria Group from $76.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $74.21.
Shares of Altria Group stock traded down $3.72 on Thursday, hitting $57.78. 24,260,522 shares of the company traded hands, compared to its average volume of 7,991,316. The stock has a market cap of $121,590.73, a P/E ratio of 17.09, a PEG ratio of 1.86 and a beta of 0.62. 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 Inc has a 52 week low of $56.08 and a 52 week high of $77.79.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm 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 for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. equities analysts expect that Altria Group Inc will post 4.01 EPS for the current year.
Altria Group announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 1st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 10th. Investors of record on Thursday, March 15th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Wednesday, March 14th. This is a boost from Altria Group’s previous quarterly dividend of $0.66. Altria Group’s payout ratio is currently 82.84%.
About Altria Group
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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