Altria Group Inc (MO) Position Trimmed by Waldron LP

Waldron LP lowered its stake in Altria Group Inc (NYSE:MO) by 7.4% during the 4th quarter, HoldingsChannel reports. The firm owned 22,736 shares of the company’s stock after selling 1,812 shares during the quarter. Waldron LP’s holdings in Altria Group were worth $1,623,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. LMR Partners LLP purchased a new stake in Altria Group in the 2nd quarter worth $1,120,000. 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 buying an additional 8,384 shares in the last quarter. Stifel Financial Corp raised its position in shares of Altria Group by 1.9% during the 2nd quarter. Stifel Financial Corp now owns 845,526 shares of the company’s stock valued at $62,906,000 after buying an additional 15,715 shares in the last quarter. Naples Global Advisors LLC raised its position in shares of Altria Group by 6.1% during the 4th quarter. Naples Global Advisors LLC now owns 23,255 shares of the company’s stock valued at $1,661,000 after buying an additional 1,342 shares in the last quarter. Finally, BB&T Securities LLC raised its position in shares of Altria Group by 3.0% during the 3rd quarter. BB&T Securities LLC now owns 499,388 shares of the company’s stock valued at $31,671,000 after buying an additional 14,458 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Shares of Altria Group Inc (MO) opened at $63.34 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.64 and a quick ratio of 0.31. Altria Group Inc has a 1 year low of $60.01 and a 1 year high of $77.79. The firm has a market cap of $121,990.59, a PE ratio of 18.86, a P/E/G ratio of 1.87 and a beta of 0.53.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.11. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same period in the prior year, the company posted $0.68 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. equities research analysts predict that Altria Group Inc will post 3.99 earnings per share for the current fiscal year.

Altria Group announced that its board has authorized a share buyback program on Thursday, February 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

In related news, SVP James E. Dillard III sold 6,500 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $63.13, for a total value of $410,345.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Craig A. Johnson sold 14,953 shares of the 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 completion of the sale, the chief executive officer now directly owns 64,809 shares in the company, valued at $4,315,631.31. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Several analysts have recently issued reports on the stock. Berenberg Bank upgraded shares of Altria Group from a “hold” rating to a “buy” rating and upped their target price for the company from $60.01 to $71.00 in a research report on Tuesday, December 19th. Vetr cut shares of Altria Group from a “hold” rating to a “sell” rating and set a $67.97 target price on the stock. in a research report on Monday, December 11th. Zacks Investment Research cut shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Wells Fargo & Co upped their target price on shares of Altria Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. Finally, Piper Jaffray Companies upped their target price on shares of Altria Group from $76.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Altria Group currently has an average rating of “Buy” and an average price target of $73.66.

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

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