Daiwa Securities Group Inc. cut its holdings in Altria Group Inc (NYSE:MO) by 38.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,865 shares of the company’s stock after selling 62,732 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Altria Group were worth $7,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bedel Financial Consulting Inc. bought a new stake in Altria Group during the 4th quarter valued at approximately $676,000. M&T Bank Corp boosted its position in Altria Group by 0.6% during the 4th quarter. M&T Bank Corp now owns 1,322,959 shares of the company’s stock valued at $94,473,000 after acquiring an additional 8,530 shares in the last quarter. Community Bank N.A. boosted its position in Altria Group by 22.1% during the 4th quarter. Community Bank N.A. now owns 24,260 shares of the company’s stock valued at $1,732,000 after acquiring an additional 4,383 shares in the last quarter. Goelzer Investment Management Inc. bought a new stake in Altria Group during the 4th quarter valued at approximately $220,000. Finally, Icon Advisers Inc. Co. bought a new stake in Altria Group during the 4th quarter valued at approximately $471,000. 62.77% of the stock is currently owned by institutional investors.
In other news, CEO Brian W. Quigley sold 3,464 shares of Altria Group stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $62.40, for a total transaction of $216,153.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Craig A. Johnson sold 14,953 shares of Altria Group stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $66.59, for a total transaction of $995,720.27. Following the transaction, the chief executive officer now owns 64,809 shares of the company’s stock, valued at $4,315,631.31. The disclosure for this sale can be found here. Insiders have sold 28,117 shares of company stock valued at $1,821,707 over the last quarter. Company insiders own 0.11% of the company’s stock.
Altria Group Inc (NYSE:MO) opened at $66.13 on Wednesday. Altria Group Inc has a 1-year low of $60.01 and a 1-year high of $77.79. The stock has a market cap of $125,680.00, a P/E ratio of 18.58, a PEG 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 (NYSE:MO) last released its earnings results on Thursday, February 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same period last year, the business earned $0.68 earnings per share. The business’s revenue was down .4% on a year-over-year basis. sell-side analysts predict that Altria Group Inc will post 4 EPS for the current fiscal year.
Altria Group declared that its Board of Directors has authorized a share repurchase program on Thursday, February 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.23%. 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. Altria Group’s dividend payout ratio (DPR) is presently 74.16%.
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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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