Farmers Trust Co. trimmed its position in shares of Altria Group Inc (NYSE:MO) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,960 shares of the company’s stock after selling 353 shares during the period. Farmers Trust Co.’s holdings in Altria Group were worth $572,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of MO. Baugh & Associates LLC raised its stake in Altria Group by 0.6% in the fourth quarter. Baugh & Associates LLC now owns 58,985 shares of the company’s stock worth $2,913,000 after buying an additional 360 shares in the last quarter. CX Institutional raised its stake in Altria Group by 45.9% in the fourth quarter. CX Institutional now owns 36,512 shares of the company’s stock worth $1,803,000 after buying an additional 11,479 shares in the last quarter. Waller Financial Planning Group Inc. bought a new position in shares of Altria Group during the fourth quarter valued at approximately $277,000. Dean Investment Associates LLC increased its stake in shares of Altria Group by 7.0% during the fourth quarter. Dean Investment Associates LLC now owns 37,281 shares of the company’s stock valued at $1,841,000 after purchasing an additional 2,451 shares in the last quarter. Finally, Cooper Financial Group bought a new position in shares of Altria Group during the fourth quarter valued at approximately $265,000. 64.35% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Nabil Y. Sakkab purchased 1,352 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were purchased at an average price of $52.11 per share, for a total transaction of $70,452.72. Following the completion of the acquisition, the director now directly owns 39,660 shares in the company, valued at approximately $2,066,682.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Ivan S. Feldman sold 6,802 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.
NYSE:MO opened at $54.37 on Friday. Altria Group Inc has a 52 week low of $42.40 and a 52 week high of $66.04. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.20. The company has a market cap of $101.81 billion, a PE ratio of 13.63, a PEG ratio of 1.66 and a beta of 0.39.
Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, January 31st. The company reported $0.95 EPS for the quarter, meeting the Zacks’ 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 for the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. As a group, equities analysts predict that Altria Group Inc will post 4.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date is Friday, March 22nd. Altria Group’s payout ratio is 80.20%.
A number of brokerages have weighed in on MO. ValuEngine downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Zacks Investment Research downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. TheStreet raised shares of Altria Group from a “c+” rating to a “b-” rating in a research note on Friday, March 29th. Morgan Stanley raised their target price on shares of Altria Group from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, April 15th. Finally, Citigroup set a $52.00 target price on shares of Altria Group and gave the company a “sell” rating in a research note on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Altria Group has a consensus rating of “Hold” and a consensus target price of $63.11.
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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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