Fiduciary Trust Co. Purchases 17,471 Shares of Altria Group (NYSE:MO)

Fiduciary Trust Co. grew its stake in shares of Altria Group (NYSE:MO) by 20.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 102,316 shares of the company’s stock after purchasing an additional 17,471 shares during the period. Fiduciary Trust Co.’s holdings in Altria Group were worth $7,307,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Investment Advisors Ltd. lifted its stake in Altria Group by 133.3% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after purchasing an additional 800 shares during the last quarter. Advantage Investment Management LLC lifted its stake in Altria Group by 1.9% in the first quarter. Advantage Investment Management LLC now owns 1,752 shares of the company’s stock valued at $125,000 after purchasing an additional 32 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new position in Altria Group in the first quarter valued at approximately $134,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in Altria Group by 102.5% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,669 shares of the company’s stock valued at $191,000 after purchasing an additional 1,351 shares during the last quarter. Finally, Mascoma Wealth Management LLC lifted its stake in Altria Group by 0.3% in the first quarter. Mascoma Wealth Management LLC now owns 2,701 shares of the company’s stock valued at $193,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 61.85% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Berenberg Bank set a $72.00 price target on shares of Altria Group and gave the stock a “hold” rating in a report on Sunday, August 6th. Vetr cut shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price target on the stock. in a report on Wednesday, September 6th. BidaskClub raised shares of Altria Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. UBS AG decreased their price target on shares of Altria Group from $78.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, July 31st. Finally, Jefferies Group LLC set a $67.00 price target on shares of Altria Group and gave the stock a “hold” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Altria Group presently has an average rating of “Hold” and an average price target of $72.07.

Shares of Altria Group (NYSE MO) opened at 63.79 on Tuesday. The stock’s 50 day moving average is $63.95 and its 200-day moving average is $70.99. The stock has a market capitalization of $122.99 billion, a price-to-earnings ratio of 8.41 and a beta of 0.63. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). Altria Group had a return on equity of 59.50% and a net margin of 56.98%. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the company earned $0.81 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts expect that Altria Group will post $3.26 earnings per share for the current year.

Altria Group declared that its board has approved a share buyback plan on Thursday, July 27th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 0.7% of its shares through open market purchases. Shares buyback plans are often an indication 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, October 10th. Investors of record on Friday, September 15th will be given a $0.66 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from Altria Group’s previous quarterly dividend of $0.61. This represents a $2.64 annualized dividend and a dividend yield of 4.22%. Altria Group’s payout ratio is currently 34.83%.

In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Martin J. Barrington sold 15,300 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $65.03, for a total transaction of $994,959.00. Following the completion of the transaction, the chief executive officer now owns 701,074 shares in the company, valued at $45,590,842.22. The disclosure for this sale can be found here. 0.11% of the stock is owned by ins

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Investment Advisors Ltd. lifted its stake in Altria Group by 133.3% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after purchasing an additional 800 shares during the last quarter. Advantage Investment Management LLC lifted its stake in Altria Group by 1.9% in the first quarter. Advantage Investment Management LLC now owns 1,752 shares of the company’s stock valued at $125,000 after purchasing an additional 32 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new position in Altria Group in the first quarter valued at approximately $134,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in Altria Group by 102.5% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,669 shares of the company’s stock valued at $191,000 after purchasing an additional 1,351 shares during the last quarter. Finally, Mascoma Wealth Management LLC lifted its stake in Altria Group by 0.3% in the first quarter. Mascoma Wealth Management LLC now owns 2,701 shares of the company’s stock valued at $193,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 61.85% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Berenberg Bank set a $72.00 price target on shares of Altria Group and gave the stock a “hold” rating in a report on Sunday, August 6th. Vetr cut shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price target on the stock. in a report on Wednesday, September 6th. BidaskClub raised shares of Altria Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. UBS AG decreased their price target on shares of Altria Group from $78.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, July 31st. Finally, Jefferies Group LLC set a $67.00 price target on shares of Altria Group and gave the stock a “hold” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Altria Group presently has an average rating of “Hold” and an average price target of $72.07.

Shares of Altria Group (NYSE MO) opened at 63.79 on Tuesday. The stock’s 50 day moving average is $63.95 and its 200-day moving average is $70.99. The stock has a market capitalization of $122.99 billion, a price-to-earnings ratio of 8.41 and a beta of 0.63. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). Altria Group had a return on equity of 59.50% and a net margin of 56.98%. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the company earned $0.81 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts expect that Altria Group will post $3.26 earnings per share for the current year.

Altria Group declared that its board has approved a share buyback plan on Thursday, July 27th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 0.7% of its shares through open market purchases. Shares buyback plans are often an indication 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, October 10th. Investors of record on Friday, September 15th will be given a $0.66 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from Altria Group’s previous quarterly dividend of $0.61. This represents a $2.64 annualized dividend and a dividend yield of 4.22%. Altria Group’s payout ratio is currently 34.83%.

In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Martin J. Barrington sold 15,300 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $65.03, for a total transaction of $994,959.00. Following the completion of the transaction, the chief executive officer now owns 701,074 shares in the company, valued at $45,590,842.22. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

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Altria Group Company 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.

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

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