Insider Selling: Altria Group Inc (MO) SVP Sells 6,500 Shares of Stock

Altria Group Inc (NYSE:MO) SVP James E. Dillard III sold 6,500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $63.13, for a total value of $410,345.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Altria Group Inc (NYSE MO) traded up $0.29 during trading hours on Tuesday, reaching $65.64. The company’s stock had a trading volume of 4,757,717 shares, compared to its average volume of 8,240,000. The firm has a market cap of $125,250.00, a PE ratio of 12.32, a PEG ratio of 1.87 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 Inc has a 52-week low of $60.01 and a 52-week high of $77.79.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, February 1st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 50.01% and a net margin of 39.97%. Altria Group’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. equities analysts anticipate that Altria Group Inc will post 4 EPS for the current year.

Altria Group announced that its Board of Directors has approved a share repurchase plan on Thursday, February 1st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Altria Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after purchasing an additional 2,690,270 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Altria Group by 0.8% during the fourth quarter. BlackRock Inc. now owns 135,404,376 shares of the company’s stock worth $9,669,229,000 after purchasing an additional 1,140,353 shares during the last quarter. Capital World Investors boosted its holdings in shares of Altria Group by 27.6% during the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after purchasing an additional 8,914,575 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Altria Group by 7.6% during the third quarter. Bank of New York Mellon Corp now owns 21,970,538 shares of the company’s stock worth $1,393,372,000 after purchasing an additional 1,561,120 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Altria Group by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 21,709,187 shares of the company’s stock worth $1,547,228,000 after purchasing an additional 629,732 shares during the last quarter. Hedge funds and other institutional investors own 62.61% of the company’s stock.

Several equities analysts recently weighed in on MO shares. Zacks Investment Research downgraded Altria Group from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price objective for the company in a research note on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Altria Group in a research note on Friday, October 27th. UBS Group dropped their price objective on Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Finally, Citigroup lowered their target price on Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Altria Group presently has a consensus rating of “Buy” and an average price target of $73.66.

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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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