Global Financial Private Capital LLC increased its position in shares of Altria Group Inc (NYSE:MO) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 599,434 shares of the company’s stock after buying an additional 16,379 shares during the period. Altria Group accounts for 1.5% of Global Financial Private Capital LLC’s holdings, making the stock its 14th biggest position. Global Financial Private Capital LLC’s holdings in Altria Group were worth $42,810,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Manhattan Co. raised its position in Altria Group by 22.8% during the fourth quarter. First Manhattan Co. now owns 1,125,517 shares of the company’s stock worth $80,373,000 after acquiring an additional 208,935 shares during the period. Naples Global Advisors LLC raised its position in Altria Group by 6.1% during the fourth quarter. Naples Global Advisors LLC now owns 23,255 shares of the company’s stock worth $1,661,000 after acquiring an additional 1,342 shares during the period. Stifel Financial Corp raised its position in Altria Group by 1.9% during the second quarter. Stifel Financial Corp now owns 845,526 shares of the company’s stock worth $62,906,000 after acquiring an additional 15,715 shares during the period. BB&T Securities LLC raised its position in Altria Group by 3.0% during the third quarter. BB&T Securities LLC now owns 499,388 shares of the company’s stock worth $31,671,000 after acquiring an additional 14,458 shares during the period. Finally, Hutner Capital Management Inc. raised its position in Altria Group by 2.7% during the third quarter. Hutner Capital Management Inc. now owns 90,712 shares of the company’s stock worth $5,753,000 after acquiring an additional 2,400 shares during the period. 62.54% of the stock is currently owned by hedge funds and other institutional investors.
In other news, 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 sale, the chief executive officer now directly owns 64,809 shares in the company, valued at $4,315,631.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP W Hildebrandt Surgner, Jr. sold 3,200 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $62.34, for a total transaction of $199,488.00. The disclosure for this sale can be found here. Insiders sold 28,117 shares of company stock valued at $1,821,707 over the last quarter. Company insiders own 0.11% of the company’s stock.
Shares of Altria Group Inc (NYSE MO) opened at $62.48 on Tuesday. The company has a market cap of $120,089.37, a PE ratio of 11.74, a PEG ratio of 1.83 and a beta of 0.63. 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 12-month low of $60.01 and a 12-month high of $77.79.
Altria Group (NYSE:MO) last issued its earnings results on Thursday, February 1st. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. The business 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 company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share. sell-side analysts anticipate that Altria Group Inc will post 4.01 EPS for the current fiscal year.
Altria Group announced that its board has initiated a stock buyback program on Thursday, February 1st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Thursday, March 15th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.48%. This is a boost from Altria Group’s previous quarterly dividend of $0.66. The ex-dividend date is Wednesday, March 14th. Altria Group’s dividend payout ratio is 52.63%.
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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