Capital Planning Advisors LLC lowered its stake in Altria Group Inc (NYSE:MO) by 10.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,825 shares of the company’s stock after selling 5,705 shares during the quarter. Altria Group accounts for 1.2% of Capital Planning Advisors LLC’s portfolio, making the stock its 23rd largest position. Capital Planning Advisors LLC’s holdings in Altria Group were worth $2,970,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Cadinha & Co. LLC boosted its stake in shares of Altria Group by 34.8% during the 2nd quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock worth $693,000 after acquiring an additional 2,401 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Altria Group during the 2nd quarter valued at $1,120,000. Teacher Retirement System of Texas raised its position in shares of Altria Group by 4.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock valued at $131,317,000 after purchasing an additional 76,988 shares during the period. Rational Advisors LLC raised its position in shares of Altria Group by 44.1% during the 2nd quarter. Rational Advisors LLC now owns 27,397 shares of the company’s stock valued at $2,040,000 after purchasing an additional 8,384 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Altria Group by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 2,870,318 shares of the company’s stock valued at $213,753,000 after purchasing an additional 17,006 shares during the period. Institutional investors own 62.61% of the company’s stock.
In other Altria Group news, CEO Craig A. Johnson sold 14,953 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $66.59, for a total value of $995,720.27. Following the completion of the sale, the chief executive officer now directly owns 64,809 shares of the company’s stock, valued at approximately $4,315,631.31. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is owned by insiders.
Several brokerages have recently commented on MO. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $76.87 price objective on the stock in a research report on Monday. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Tuesday, February 6th. Piper Jaffray Companies lifted their price target on shares of Altria Group from $76.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $62.00 price target (down from $65.00) on shares of Altria Group in a report on Monday, February 5th. Finally, Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Altria Group has a consensus rating of “Buy” and an average price target of $73.66.
Altria Group Inc (MO) traded up $1.32 during mid-day trading on Monday, hitting $65.35. 6,732,841 shares of the company were exchanged, compared to its average volume of 8,460,000. Altria Group Inc has a 52-week low of $60.01 and a 52-week high of $77.79. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.31 and a current ratio of 0.64. The stock has a market cap of $124,700.00, a PE ratio of 12.31, a PEG ratio of 1.87 and a beta of 0.53.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS. equities research analysts predict that Altria Group Inc will post 4 earnings per share for the current fiscal year.
Altria Group announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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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