Fishman Jay A Ltd. MI lifted its stake in shares of Altria Group Inc (NYSE:MO) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,082 shares of the company’s stock after purchasing an additional 5,475 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in Altria Group were worth $3,933,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in MO. First Manhattan Co. raised its position in shares of Altria Group by 22.8% during the fourth quarter. First Manhattan Co. now owns 1,125,517 shares of the company’s stock worth $80,373,000 after acquiring an additional 208,935 shares during the last quarter. Naples Global Advisors LLC increased its holdings in Altria Group by 6.1% in the fourth quarter. Naples Global Advisors LLC now owns 23,255 shares of the company’s stock worth $1,661,000 after purchasing an additional 1,342 shares in the last quarter. Stifel Financial Corp increased its holdings in Altria Group by 1.9% in the second quarter. Stifel Financial Corp now owns 845,526 shares of the company’s stock worth $62,906,000 after purchasing an additional 15,715 shares in the last quarter. BB&T Securities LLC increased its holdings in Altria Group by 3.0% in the third quarter. BB&T Securities LLC now owns 499,388 shares of the company’s stock worth $31,671,000 after purchasing an additional 14,458 shares in the last quarter. Finally, Hutner Capital Management Inc. grew its stake in Altria Group by 2.7% in the third quarter. Hutner Capital Management Inc. now owns 90,712 shares of the company’s stock valued at $5,753,000 after acquiring an additional 2,400 shares during the period. 62.77% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Brian W. Quigley sold 3,464 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $62.40, for a total value of $216,153.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Craig A. Johnson sold 14,953 shares of the 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 disclosure for this sale can be found here. Insiders have sold a total of 28,117 shares of company stock valued at $1,821,707 in the last ninety days. 0.11% of the stock is currently owned by corporate insiders.
MO has been the subject of a number of research reports. Vetr cut Altria Group from a “buy” rating to a “hold” rating and set a $71.65 price objective for the company. in a research note on Monday, December 4th. Berenberg Bank raised Altria Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $60.01 to $71.00 in a research report on Tuesday, December 19th. Zacks Investment Research cut Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Wells Fargo lifted their price target on Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Finally, Jefferies Group upgraded Altria Group from a “hold” rating to a “buy” rating and lowered their target price for the company from $70.04 to $70.00 in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Altria Group currently has a consensus rating of “Buy” and an average price target of $75.14.
Altria Group Inc (MO) opened at $63.19 on Friday. The stock has a market capitalization of $120,089.37, a PE ratio of 18.64, a PEG ratio of 1.83 and a beta of 0.63. Altria Group Inc has a fifty-two week low of $60.01 and a fifty-two week high of $77.79. The company has a quick ratio of 0.31, a current ratio of 0.64 and a debt-to-equity ratio of 0.85.
Altria Group (NYSE:MO) last issued its earnings results on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. Altria Group’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS. research analysts anticipate that Altria Group Inc will post 4.01 earnings per share for the current fiscal year.
Altria Group declared that its Board of Directors has approved a share buyback program on Thursday, February 1st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.70 per share. This is a positive change from Altria Group’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.80 dividend on an annualized basis and a yield of 4.43%. Altria Group’s dividend payout ratio is presently 52.63%.
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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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