WealthPLAN Partners LLC Boosts Stock Position in Altria Group, Inc. (NYSE:MO)


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WealthPLAN Partners LLC boosted its holdings in Altria Group, Inc. (NYSE:MO) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 219,462 shares of the company’s stock after acquiring an additional 15,744 shares during the period. WealthPLAN Partners LLC’s holdings in Altria Group were worth $9,333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MO. FIL Ltd lifted its stake in Altria Group by 720.2% during the fourth quarter. FIL Ltd now owns 5,197,069 shares of the company’s stock worth $213,080,000 after purchasing an additional 4,563,420 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Altria Group by 143.4% during the fourth quarter. Principal Financial Group Inc. now owns 6,483,170 shares of the company’s stock worth $265,810,000 after purchasing an additional 3,819,777 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Altria Group during the third quarter worth $73,863,000. Natixis lifted its stake in Altria Group by 445.2% during the third quarter. Natixis now owns 1,995,719 shares of the company’s stock worth $77,114,000 after purchasing an additional 1,629,652 shares in the last quarter. Finally, Railway Pension Investments Ltd lifted its stake in Altria Group by 2,573.4% during the fourth quarter. Railway Pension Investments Ltd now owns 973,100 shares of the company’s stock worth $39,897,000 after purchasing an additional 936,700 shares in the last quarter. Hedge funds and other institutional investors own 62.18% of the company’s stock.

A number of research analysts have commented on MO shares. Piper Sandler upped their price target on Altria Group from $47.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, December 11th. TheStreet upgraded Altria Group from a “c” rating to a “b-” rating in a research note on Thursday, January 28th. Sanford C. Bernstein began coverage on Altria Group in a research note on Tuesday, January 19th. They issued an “outperform” rating and a $53.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on Altria Group from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, January 22nd. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Altria Group in a research note on Sunday, January 31st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $50.00.

NYSE:MO traded down $0.27 during trading hours on Tuesday, hitting $44.15. The company’s stock had a trading volume of 392,378 shares, compared to its average volume of 7,797,504. The stock has a market capitalization of $82.05 billion, a P/E ratio of 123.39, a price-to-earnings-growth ratio of 2.25 and a beta of 0.54. The stock has a fifty day moving average of $42.12 and a 200-day moving average of $41.22. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 8.59. Altria Group, Inc. has a 52-week low of $30.95 and a 52-week high of $45.69.

Altria Group (NYSE:MO) last posted its earnings results on Wednesday, January 27th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.03). The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Altria Group had a net margin of 2.84% and a return on equity of 148.93%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.02 EPS. On average, sell-side analysts forecast that Altria Group, Inc. will post 4.37 earnings per share for the current year.

Altria Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, January 28th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

About Altria Group

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, as well as provides on! oral nicotine pouches.

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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).

Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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WealthPLAN Partners LLC Boosts Stock Position in Altria Group, Inc. (NYSE:MO)


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WealthPLAN Partners LLC grew its position in shares of Altria Group, Inc. (NYSE:MO) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 219,462 shares of the company’s stock after purchasing an additional 15,744 shares during the quarter. WealthPLAN Partners LLC’s holdings in Altria Group were worth $9,333,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MO. FIL Ltd grew its holdings in shares of Altria Group by 720.2% during the fourth quarter. FIL Ltd now owns 5,197,069 shares of the company’s stock worth $213,080,000 after purchasing an additional 4,563,420 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Altria Group by 143.4% during the fourth quarter. Principal Financial Group Inc. now owns 6,483,170 shares of the company’s stock worth $265,810,000 after purchasing an additional 3,819,777 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Altria Group during the third quarter worth about $73,863,000. Natixis grew its holdings in shares of Altria Group by 445.2% during the third quarter. Natixis now owns 1,995,719 shares of the company’s stock worth $77,114,000 after purchasing an additional 1,629,652 shares during the last quarter. Finally, Railway Pension Investments Ltd grew its holdings in shares of Altria Group by 2,573.4% during the fourth quarter. Railway Pension Investments Ltd now owns 973,100 shares of the company’s stock worth $39,897,000 after purchasing an additional 936,700 shares during the last quarter. 62.18% of the stock is currently owned by institutional investors.

Shares of NYSE MO traded down $0.27 during trading on Tuesday, hitting $44.15. 392,378 shares of the company traded hands, compared to its average volume of 7,797,504. Altria Group, Inc. has a 1 year low of $30.95 and a 1 year high of $45.69. The company has a 50-day moving average price of $42.12 and a 200-day moving average price of $41.22. The firm has a market capitalization of $82.05 billion, a P/E ratio of 123.39, a P/E/G ratio of 2.25 and a beta of 0.54. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 8.59.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, January 27th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.03). Altria Group had a net margin of 2.84% and a return on equity of 148.93%. The company had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.95 billion. During the same period in the prior year, the firm earned $1.02 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. Research analysts predict that Altria Group, Inc. will post 4.37 EPS for the current fiscal year.

Altria Group announced that its Board of Directors has initiated a stock buyback plan on Thursday, January 28th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

A number of equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of Altria Group from a “c” rating to a “b-” rating in a research report on Thursday, January 28th. Royal Bank of Canada reissued a “buy” rating on shares of Altria Group in a research note on Sunday, January 31st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Altria Group from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, January 22nd. Piper Sandler lifted their target price on shares of Altria Group from $47.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, December 11th. Finally, Sanford C. Bernstein started coverage on shares of Altria Group in a research note on Tuesday, January 19th. They issued an “outperform” rating and a $53.00 target price for the company. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.00.

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, as well as provides on! oral nicotine pouches.

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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).

Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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