Traders Sell Shares of Altria Group (MO) on Strength (MO)

Investors sold shares of Altria Group Inc (NYSE:MO) on strength during trading hours on Monday. $61.55 million flowed into the stock on the tick-up and $130.40 million flowed out of the stock on the tick-down, for a money net flow of $68.85 million out of the stock. Of all companies tracked, Altria Group had the 26th highest net out-flow for the day. Altria Group traded up $0.14 for the day and closed at $65.46

Several research firms have issued reports on MO. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $76.87 target price on the stock in a research note on Monday, February 12th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Tuesday, February 6th. Royal Bank of Canada restated a “sector perform” rating and set a $62.00 price objective (down previously from $65.00) on shares of Altria Group in a research report on Monday, February 5th. Piper Jaffray Companies raised their price objective on shares of Altria Group from $76.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Berenberg Bank restated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Altria Group presently has an average rating of “Buy” and an average price target of $73.66.

The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.31 and a current ratio of 0.64. The firm has a market cap of $124,910.00, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ 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 business’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. analysts forecast that Altria Group Inc will post 4 earnings per share for the current year.

Altria Group declared that its Board of Directors has approved a share 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 generally an indication that the company’s leadership believes its shares are undervalued.

In related news, SVP James E. Dillard III sold 6,500 shares of Altria Group stock in a transaction on Friday, February 9th. The shares were sold at an average price of $63.13, for a total value of $410,345.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Craig A. Johnson sold 14,953 shares of Altria Group stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $66.59, for a total transaction of $995,720.27. Following the completion of the transaction, the chief executive officer now owns 64,809 shares in the company, valued at approximately $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 large investors have recently modified their holdings of the stock. NewSquare Capital LLC grew its holdings in Altria Group by 4,734.7% in the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock worth $109,000 after acquiring an additional 106,530 shares during the last quarter. Balentine LLC grew its holdings in Altria Group by 32.4% in the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after acquiring an additional 357 shares during the last quarter. Quantum Capital Management LLC NJ bought a new stake in Altria Group in the 3rd quarter worth $114,000. Northwest Investment Counselors LLC grew its holdings in Altria Group by 557.0% in the 3rd quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock worth $115,000 after acquiring an additional 1,543 shares during the last quarter. Finally, Oak Point Wealth Management bought a new stake in Altria Group in the 4th quarter worth $120,000. Institutional investors own 63.01% of the company’s stock.

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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.

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