Evanson Asset Management LLC cut its stake in shares of Altria Group Inc (NYSE:MO) by 1.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 18,186 shares of the company’s stock after selling 235 shares during the period. Evanson Asset Management LLC’s holdings in Altria Group were worth $1,044,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of MO. Oregon Public Employees Retirement Fund raised its position in Altria Group by 4,426.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,150,081 shares of the company’s stock worth $469,000 after acquiring an additional 22,638,593 shares during the period. Bank of New York Mellon Corp raised its position in Altria Group by 82,381.0% during the third quarter. Bank of New York Mellon Corp now owns 22,356,466 shares of the company’s stock worth $1,348,318,000 after acquiring an additional 22,329,361 shares during the period. FMR LLC raised its position in Altria Group by 13.9% during the fourth quarter. FMR LLC now owns 46,826,474 shares of the company’s stock worth $2,312,760,000 after acquiring an additional 5,719,727 shares during the period. Morgan Stanley raised its position in Altria Group by 20.0% during the third quarter. Morgan Stanley now owns 19,755,741 shares of the company’s stock worth $1,191,471,000 after acquiring an additional 3,293,877 shares during the period. Finally, Geode Capital Management LLC raised its position in Altria Group by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock worth $1,229,235,000 after acquiring an additional 1,908,626 shares during the period. Institutional investors own 64.35% of the company’s stock.
In related news, VP Ivan S. Feldman sold 6,802 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nabil Y. Sakkab acquired 1,032 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were purchased at an average price of $50.42 per share, with a total value of $52,033.44. Following the completion of the transaction, the director now owns 38,308 shares of the company’s stock, valued at approximately $1,931,489.36. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.
A number of equities research analysts have recently commented on MO shares. Morgan Stanley cut shares of Altria Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. Cowen cut shares of Altria Group from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. TheStreet cut shares of Altria Group from a “b-” rating to a “c+” rating in a research report on Monday, January 7th. ValuEngine cut shares of Altria Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 24th. Finally, Zacks Investment Research cut shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Altria Group presently has an average rating of “Hold” and an average target price of $63.11.
Shares of NYSE MO opened at $54.37 on Friday. The stock has a market capitalization of $101.81 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 1.66 and a beta of 0.39. The company has a quick ratio of 0.09, a current ratio of 0.20 and a debt-to-equity ratio of 0.80. Altria Group Inc has a 52 week low of $42.40 and a 52 week high of $66.04.
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. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period last year, the business earned $0.91 earnings per share. As a group, equities research analysts predict that Altria Group Inc will post 4.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors 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 5.89%. The ex-dividend date is Friday, March 22nd. Altria Group’s payout ratio is currently 80.20%.
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.
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