UMB Bank N A MO trimmed its stake in Altria Group Inc (NYSE:MO) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,254 shares of the company’s stock after selling 1,298 shares during the period. UMB Bank N A MO’s holdings in Altria Group were worth $1,732,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in MO. Janus Henderson Group PLC boosted its stake in Altria Group by 21,647.0% in the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after purchasing an additional 19,740,509 shares in the last quarter. BlackRock Inc. boosted its stake in Altria Group by 7.6% in the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after purchasing an additional 8,969,677 shares in the last quarter. Capital World Investors boosted its stake in Altria Group by 27.6% in the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after purchasing an additional 8,914,575 shares in the last quarter. USS Investment Management Ltd acquired a new position in Altria Group in the fourth quarter worth $269,661,000. Finally, Vanguard Group Inc. boosted its stake in Altria Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after purchasing an additional 2,690,270 shares in the last quarter. Hedge funds and other institutional investors own 62.61% of the company’s stock.
In other Altria Group news, SVP James E. Dillard III sold 6,500 shares of the stock in a transaction dated Friday, February 9th. The stock was 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 is available at this hyperlink. Also, CEO Craig A. Johnson sold 14,953 shares of the 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 transaction, the chief executive officer now directly owns 64,809 shares in the company, valued at approximately $4,315,631.31. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. analysts forecast that Altria Group Inc will post 4 EPS for the current fiscal year.
Altria Group declared that its board has authorized a stock repurchase plan on Thursday, February 1st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
A number of research firms have commented on MO. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $76.87 price objective on the stock in a research note on Monday, February 12th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Tuesday, February 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $62.00 price objective (down previously from $65.00) on shares of Altria Group in a research note on Monday, February 5th. Piper Jaffray Companies boosted their price objective on Altria Group from $76.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Jefferies Group raised Altria Group from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $70.04 to $70.00 in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus 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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