M&T Bank Corp grew its holdings in Altria Group Inc (NYSE:MO) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,322,959 shares of the company’s stock after purchasing an additional 8,530 shares during the period. M&T Bank Corp owned about 0.07% of Altria Group worth $94,473,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. NewSquare Capital LLC boosted its stake in shares of 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 buying an additional 106,530 shares during the last quarter. Balentine LLC boosted its stake in shares of 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 buying an additional 357 shares during the last quarter. Quantum Capital Management LLC NJ purchased a new position in shares of Altria Group in the 3rd quarter worth $114,000. Northwest Investment Counselors LLC boosted its stake in shares of 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 buying an additional 1,543 shares during the last quarter. Finally, Oak Point Wealth Management purchased a new position in shares of Altria Group in the 4th quarter worth $120,000. 62.77% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Craig A. Johnson sold 14,953 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $66.59, for a total value of $995,720.27. Following the transaction, the chief executive officer now directly owns 64,809 shares in the company, valued at $4,315,631.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian W. Quigley sold 3,464 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $62.40, for a total value of $216,153.60. The disclosure for this sale can be found here. Insiders have sold 28,117 shares of company stock worth $1,821,707 over the last quarter. 0.11% of the stock is owned by company insiders.
Altria Group Inc (NYSE MO) opened at $65.77 on Tuesday. The firm has a market capitalization of $124,764.48, a price-to-earnings ratio of 12.36, a P/E/G ratio of 1.91 and a beta of 0.63. 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 released its earnings results 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 company had revenue of $4.71 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $0.68 earnings per share. equities analysts anticipate that Altria Group Inc will post 4 EPS for the current fiscal year.
Altria Group declared that its Board of Directors has approved a stock buyback plan on Thursday, February 1st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Thursday, March 15th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, March 14th. This is an increase from Altria Group’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a yield of 4.26%. Altria Group’s payout ratio is 49.62%.
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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