B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Boosts Holdings in Altria Group (MO)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund raised its position in shares of Altria Group (NYSE:MO) by 84.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,101 shares of the company’s stock after acquiring an additional 25,718 shares during the quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Altria Group were worth $4,007,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Flagship Harbor Advisors LLC boosted its position in Altria Group by 27.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 15,435 shares of the company’s stock valued at $1,112,000 after acquiring an additional 3,301 shares in the last quarter. Barings LLC boosted its position in Altria Group by 59.1% during the 1st quarter. Barings LLC now owns 82,839 shares of the company’s stock valued at $5,916,000 after acquiring an additional 30,769 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in Altria Group by 10.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 155,121 shares of the company’s stock valued at $11,079,000 after acquiring an additional 14,444 shares in the last quarter. Fiduciary Trust Co. boosted its position in Altria Group by 20.6% during the 1st quarter. Fiduciary Trust Co. now owns 102,316 shares of the company’s stock valued at $7,307,000 after acquiring an additional 17,471 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its position in Altria Group by 133.3% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after acquiring an additional 800 shares in the last quarter. 61.89% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms have weighed in on MO. Vetr cut Altria Group from a “buy” rating to a “hold” rating and set a $80.38 price objective on the stock. in a research report on Monday, June 19th. BidaskClub raised Altria Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada reissued a “sell” rating and issued a $62.00 price target on shares of Altria Group in a research report on Friday, May 26th. Piper Jaffray Companies set a $76.00 price target on Altria Group and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Cowen and Company set a $78.00 price target on Altria Group and gave the stock a “hold” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Altria Group currently has an average rating of “Hold” and a consensus target price of $71.81.

In other Altria Group news, CEO Martin J. Barrington sold 15,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $65.03, for a total value of $994,959.00. Following the completion of the sale, the chief executive officer now directly owns 701,074 shares in the company, valued at $45,590,842.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by company insiders.

Altria Group (NYSE MO) traded down 0.43% during trading on Tuesday, reaching $62.22. The company had a trading volume of 2,414,570 shares. The stock has a 50 day moving average of $65.40 and a 200-day moving average of $71.61. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79. The stock has a market capitalization of $119.96 billion, a P/E ratio of 8.21 and a beta of 0.63.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $5.02 billion. Altria Group had a net margin of 56.98% and a return on equity of 59.50%. Altria Group’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.81 earnings per share. On average, analysts forecast that Altria Group will post $3.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 15th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.22%. This is an increase from Altria Group’s previous quarterly dividend of $0.61. The ex-dividend date is Thursday, September 14th. Altria Group’s dividend payout ratio (DPR) is 32.19%.

Altria Group announced that its Board of Directors has authorized a stock buyback plan on Thursday, July 27th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 0.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.

Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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