TRUE Private Wealth Advisors increased its stake in Altria Group Inc (NYSE:MO) by 23.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,017 shares of the company’s stock after purchasing an additional 3,471 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Altria Group were worth $1,298,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Personal Capital Advisors Corp grew its stake in Altria Group by 13.8% in the 4th quarter. Personal Capital Advisors Corp now owns 8,297 shares of the company’s stock valued at $593,000 after acquiring an additional 1,005 shares during the last quarter. Cibc Bank USA grew its stake in Altria Group by 2.1% in the 4th quarter. Cibc Bank USA now owns 51,336 shares of the company’s stock valued at $3,666,000 after acquiring an additional 1,052 shares during the last quarter. Naples Global Advisors LLC grew its stake in Altria Group by 6.1% in the 4th quarter. Naples Global Advisors LLC now owns 23,255 shares of the company’s stock valued at $1,661,000 after acquiring an additional 1,342 shares during the last quarter. Catawba Capital Management VA grew its stake in Altria Group by 24.9% in the 4th quarter. Catawba Capital Management VA now owns 9,074 shares of the company’s stock valued at $648,000 after acquiring an additional 1,807 shares during the last quarter. Finally, Baker Boyer National Bank acquired a new stake in Altria Group in the 4th quarter valued at about $232,000. Institutional investors and hedge funds own 62.61% of the company’s stock.
In other Altria Group news, SVP James E. Dillard III sold 6,500 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $63.13, for a total transaction of $410,345.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Craig A. Johnson sold 14,953 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $66.59, for a total transaction of $995,720.27. Following the sale, the chief executive officer now directly owns 64,809 shares in the company, valued at $4,315,631.31. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.
A number of equities research analysts recently commented on MO shares. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price objective on the stock in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Altria Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Citigroup lowered their price objective on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Jefferies Group set a $72.00 price objective on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, November 17th. Finally, Edward Jones raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $73.66.
Shares of Altria Group Inc (MO) opened at $65.46 on Friday. Altria Group Inc has a 12 month low of $60.01 and a 12 month high of $77.79. The stock has a market cap of $124,642.97, a PE ratio of 19.27, a price-to-earnings-growth ratio of 1.90 and a beta of 0.53. The company has a current ratio of 0.64, a quick ratio of 0.31 and a debt-to-equity ratio of 0.85.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The company had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same period last year, the company earned $0.68 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. sell-side analysts predict that Altria Group Inc will post 4 earnings per share for the current fiscal year.
Altria Group announced that its board has initiated a stock buyback program on Thursday, February 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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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