KBC Group NV decreased its holdings in shares of Altria Group Inc (NYSE:MO) by 28.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,631 shares of the company’s stock after selling 74,532 shares during the period. KBC Group NV’s holdings in Altria Group were worth $13,185,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of MO. First Manhattan Co. raised its position in Altria Group by 22.8% during the fourth quarter. First Manhattan Co. now owns 1,125,517 shares of the company’s stock valued at $80,373,000 after purchasing an additional 208,935 shares in the last quarter. Naples Global Advisors LLC raised its position in Altria Group by 6.1% during the fourth quarter. Naples Global Advisors LLC now owns 23,255 shares of the company’s stock valued at $1,661,000 after purchasing an additional 1,342 shares in the last quarter. Stifel Financial Corp raised its position in Altria Group by 1.9% during the second quarter. Stifel Financial Corp now owns 845,526 shares of the company’s stock valued at $62,906,000 after purchasing an additional 15,715 shares in the last quarter. BB&T Securities LLC raised its position in Altria Group by 3.0% during the third quarter. BB&T Securities LLC now owns 499,388 shares of the company’s stock valued at $31,671,000 after purchasing an additional 14,458 shares in the last quarter. Finally, Hutner Capital Management Inc. raised its position in Altria Group by 2.7% during the third quarter. Hutner Capital Management Inc. now owns 90,712 shares of the company’s stock valued at $5,753,000 after purchasing an additional 2,400 shares in the last quarter. 62.77% of the stock is owned by institutional investors.
In related 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 transaction of $995,720.27. Following the transaction, the chief executive officer now owns 64,809 shares in the company, valued at approximately $4,315,631.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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. In the last 90 days, insiders have sold 28,117 shares of company stock worth $1,821,707. 0.11% of the stock is owned by company insiders.
Altria Group Inc (NYSE:MO) opened at $66.13 on Wednesday. The company has a market capitalization of $125,680.00, a PE ratio of 18.58, a PEG ratio of 1.91 and a beta of 0.63. 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 Inc has a twelve month low of $60.01 and a twelve month high of $77.79.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. research analysts expect that Altria Group Inc will post 4 EPS for the current year.
Altria Group declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Thursday, March 15th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Wednesday, March 14th. This is an increase from Altria Group’s previous quarterly dividend of $0.66. Altria Group’s payout ratio is currently 74.16%.
COPYRIGHT VIOLATION NOTICE: “Altria Group Inc (MO) Shares Sold by KBC Group NV” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/03/14/altria-group-inc-mo-shares-sold-by-kbc-group-nv.html.
About Altria Group
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.
Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group Inc (NYSE:MO).
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.