Bruderman Asset Management LLC boosted its stake in shares of Altria Group Inc (NYSE:MO) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,796 shares of the company’s stock after buying an additional 4,330 shares during the period. Bruderman Asset Management LLC’s holdings in Altria Group were worth $1,175,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. WINTON GROUP Ltd lifted its position in shares of Altria Group by 18.8% in the third quarter. WINTON GROUP Ltd now owns 7,603 shares of the company’s stock worth $459,000 after purchasing an additional 1,204 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Altria Group in the third quarter worth approximately $1,020,000. LSV Asset Management lifted its position in shares of Altria Group by 370.0% in the third quarter. LSV Asset Management now owns 482,669 shares of the company’s stock worth $29,109,000 after purchasing an additional 379,969 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Altria Group in the third quarter worth approximately $259,000. Finally, Prudential Financial Inc. lifted its position in shares of Altria Group by 2.1% in the third quarter. Prudential Financial Inc. now owns 4,106,681 shares of the company’s stock worth $247,674,000 after purchasing an additional 84,330 shares in the last quarter. 64.10% of the stock is owned by institutional investors.
In other news, Director Nabil Y. Sakkab purchased 1,352 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were bought at an average price of $52.11 per share, with a total value of $70,452.72. Following the completion of the transaction, the director now directly owns 39,660 shares in the company, valued at approximately $2,066,682.60. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, VP Ivan S. Feldman sold 6,802 shares of Altria Group stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $51.18, for a total transaction of $348,126.36. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
A number of analysts have recently issued reports on the stock. Morgan Stanley lowered shares of Altria Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. ValuEngine raised shares of Altria Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Citigroup lowered shares of Altria Group from a “neutral” rating to a “sell” rating in a research report on Friday, December 21st. Cowen lowered shares of Altria Group from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. Finally, Deutsche Bank reduced their price target on shares of Altria Group from $62.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, December 21st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $65.86.
NYSE:MO opened at $56.75 on Friday. Altria Group Inc has a 12 month low of $42.40 and a 12 month high of $66.04. The company has a market capitalization of $106.37 billion, a PE ratio of 14.22, a PEG ratio of 1.66 and a beta of 0.37. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.20.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 31st. The company reported $0.95 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.95. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter last year, the firm posted $0.91 earnings per share. Analysts predict that Altria Group Inc will post 4.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Friday, March 22nd. Altria Group’s dividend payout ratio is 80.20%.
Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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