Eagle Asset Management Inc. lessened its holdings in Altria Group Inc (NYSE:MO) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,719,652 shares of the company’s stock after selling 126,920 shares during the period. Eagle Asset Management Inc. owned approximately 0.09% of Altria Group worth $84,933,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MO. Litman Gregory Asset Management LLC purchased a new position in Altria Group in the 4th quarter valued at approximately $30,000. Clean Yield Group purchased a new position in Altria Group in the 4th quarter valued at approximately $32,000. Transamerica Financial Advisors Inc. boosted its position in Altria Group by 627.6% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 713 shares of the company’s stock valued at $36,000 after buying an additional 615 shares during the period. Massey Quick Simon & CO. LLC boosted its position in Altria Group by 631.3% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 1,097 shares of the company’s stock valued at $54,000 after buying an additional 947 shares during the period. Finally, Alpha Windward LLC boosted its position in Altria Group by 1,556.7% in the 4th quarter. Alpha Windward LLC now owns 1,110 shares of the company’s stock valued at $55,000 after buying an additional 1,043 shares during the period. 64.10% of the stock is owned by institutional investors.
In related news, Director Nabil Y. Sakkab purchased 1,032 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were purchased at an average cost of $50.42 per share, for a total transaction of $52,033.44. Following the purchase, the director now directly owns 38,308 shares of the company’s stock, valued at $1,931,489.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ivan S. Feldman sold 6,802 shares of Altria Group stock in a transaction on Friday, February 22nd. The stock was 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. 0.11% of the stock is owned by company insiders.
Altria Group stock opened at $56.75 on Friday. The firm has a market cap of $106.37 billion, a PE ratio of 14.22, a PEG ratio of 1.66 and a beta of 0.37. Altria Group Inc has a 12-month low of $42.40 and a 12-month high of $66.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.20 and a quick ratio of 0.09.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, January 31st. The company reported $0.95 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. During the same period in the previous year, the company earned $0.91 EPS. As a group, sell-side analysts forecast that Altria Group Inc will post 4.21 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 25th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $3.20 annualized dividend and a yield of 5.64%. Altria Group’s dividend payout ratio is currently 80.20%.
MO has been the subject of several recent research reports. Cowen cut shares of Altria Group from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. Zacks Investment Research cut shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. TheStreet cut shares of Altria Group from a “b-” rating to a “c+” rating in a research report on Monday, January 7th. Jefferies Financial Group set a $56.00 price objective on shares of Altria Group and gave the stock a “hold” rating in a research report on Thursday, November 29th. Finally, ValuEngine cut shares of Altria Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 24th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Altria Group presently has a consensus rating of “Hold” and an average target price of $65.86.
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Altria Group 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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