Mitchell Mcleod Pugh & Williams Inc. trimmed its position in shares of Altria Group Inc (NYSE:MO) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,015 shares of the company’s stock after selling 880 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Altria Group were worth $791,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hexavest Inc. lifted its stake in shares of Altria Group by 5.8% in the fourth quarter. Hexavest Inc. now owns 1,446,689 shares of the company’s stock valued at $71,452,000 after buying an additional 79,663 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Altria Group by 3.6% in the fourth quarter. State of Alaska Department of Revenue now owns 621,673 shares of the company’s stock valued at $30,702,000 after buying an additional 21,748 shares during the period. Retirement Systems of Alabama lifted its stake in shares of Altria Group by 38.9% in the fourth quarter. Retirement Systems of Alabama now owns 1,342,935 shares of the company’s stock valued at $66,328,000 after buying an additional 376,043 shares during the period. Lynch & Associates IN lifted its stake in shares of Altria Group by 8.1% in the fourth quarter. Lynch & Associates IN now owns 35,358 shares of the company’s stock valued at $1,746,000 after buying an additional 2,649 shares during the period. Finally, CHICAGO TRUST Co NA lifted its stake in shares of Altria Group by 15.6% in the fourth quarter. CHICAGO TRUST Co NA now owns 20,468 shares of the company’s stock valued at $1,011,000 after buying an additional 2,769 shares during the period. Institutional investors and hedge funds own 64.38% of the company’s stock.
Shares of NYSE MO traded down $0.80 during mid-day trading on Thursday, hitting $48.86. 15,835,965 shares of the stock were exchanged, compared to its average volume of 11,075,801. The firm has a market cap of $94.52 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.37 and a beta of 0.46. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 0.77. Altria Group Inc has a twelve month low of $46.49 and a twelve month high of $71.86.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 25th. The company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The company had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. On average, analysts forecast that Altria Group Inc will post 3.98 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Wednesday, December 26th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 6.55%. The ex-dividend date of this dividend is Monday, December 24th. Altria Group’s payout ratio is 94.67%.
Several equities research analysts recently weighed in on the stock. Argus increased their target price on shares of Altria Group from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, October 29th. Zacks Investment Research lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Citigroup increased their price target on shares of Altria Group from $59.00 to $67.00 and gave the stock a “hold” rating in a research report on Friday, September 21st. ValuEngine raised shares of Altria Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, Sanford C. Bernstein started coverage on shares of Altria Group in a research report on Tuesday, October 16th. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $66.37.
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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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