Altria Group Inc (MO) Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co decreased its stake in shares of Altria Group Inc (NYSE:MO) by 28.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,483 shares of the company’s stock after selling 13,659 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Altria Group were worth $1,703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Shields Capital Management LLC raised its holdings in shares of Altria Group by 63.4% in the 4th quarter. Wellington Shields Capital Management LLC now owns 16,331 shares of the company’s stock valued at $807,000 after purchasing an additional 6,334 shares in the last quarter. State of Tennessee Treasury Department raised its holdings in shares of Altria Group by 30.0% in the 4th quarter. State of Tennessee Treasury Department now owns 1,646,242 shares of the company’s stock valued at $81,307,000 after purchasing an additional 379,826 shares in the last quarter. Moloney Securities Asset Management LLC raised its holdings in shares of Altria Group by 1.1% in the 4th quarter. Moloney Securities Asset Management LLC now owns 42,427 shares of the company’s stock valued at $2,095,000 after purchasing an additional 479 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Altria Group by 9.0% in the 4th quarter. Advisor Group Inc. now owns 548,341 shares of the company’s stock valued at $27,095,000 after purchasing an additional 45,281 shares in the last quarter. Finally, Clear Harbor Asset Management LLC raised its holdings in shares of Altria Group by 31.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 5,531 shares of the company’s stock valued at $273,000 after purchasing an additional 1,331 shares in the last quarter. Institutional investors own 64.14% of the company’s stock.

Several research analysts recently commented on MO shares. Citigroup lowered shares of Altria Group from a “neutral” rating to a “sell” rating in a research note on Friday, December 21st. Morgan Stanley lowered shares of Altria Group from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 22nd. Cowen lowered shares of Altria Group from an “outperform” rating to a “market perform” rating in a research note on Monday, January 7th. TheStreet lowered shares of Altria Group from a “b-” rating to a “c+” rating in a research note on Monday, January 7th. Finally, Wells Fargo & Co reduced their price objective on shares of Altria Group from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Monday, November 26th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $65.53.

In other Altria Group news, VP Ivan S. Feldman sold 6,802 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Nabil Y. Sakkab bought 1,352 shares of the company’s stock in a transaction on Monday, February 25th. The shares were bought at an average cost of $52.11 per share, for a total transaction of $70,452.72. Following the transaction, the director now owns 39,660 shares in the company, valued at approximately $2,066,682.60. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by insiders.

NYSE MO opened at $55.72 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.20 and a quick ratio of 0.09. The company has a market cap of $104.99 billion, a P/E ratio of 13.96, a PEG ratio of 1.67 and a beta of 0.37. Altria Group Inc has a 52 week low of $42.40 and a 52 week high of $66.04.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, January 31st. The company reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.81 billion. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. During the same quarter in the previous year, the business posted $0.91 EPS. Research analysts forecast that Altria Group Inc will post 4.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, March 25th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 5.74%. The ex-dividend date is Friday, March 22nd. Altria Group’s dividend payout ratio is presently 80.20%.

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

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