IFP Advisors Inc cut its stake in shares of Altria Group Inc (NYSE:MO) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 173,411 shares of the company’s stock after selling 57,790 shares during the period. Altria Group comprises approximately 0.6% of IFP Advisors Inc’s investment portfolio, making the stock its 28th biggest position. IFP Advisors Inc’s holdings in Altria Group were worth $12,383,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of Altria Group by 126.9% in the fourth quarter. SG Americas Securities LLC now owns 361,533 shares of the company’s stock worth $25,817,000 after purchasing an additional 202,174 shares during the last quarter. Mizuho Securities USA LLC bought a new stake in shares of Altria Group in the fourth quarter worth $4,827,000. Boston Advisors LLC grew its stake in shares of Altria Group by 13.9% in the fourth quarter. Boston Advisors LLC now owns 748,823 shares of the company’s stock worth $53,473,000 after purchasing an additional 91,177 shares during the last quarter. Field & Main Bank bought a new stake in shares of Altria Group in the fourth quarter worth $1,100,000. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Altria Group by 51.4% in the fourth quarter. Flagship Harbor Advisors LLC now owns 20,155 shares of the company’s stock worth $1,416,000 after purchasing an additional 6,840 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.
MO has been the topic of several analyst reports. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Tuesday, October 31st. Citigroup reduced their price objective on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Vetr cut shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price objective on the stock. in a research note on Monday, October 30th. Piper Jaffray Companies reissued a “buy” rating and issued a $76.00 price objective on shares of Altria Group in a research note on Friday, October 27th. Finally, Edward Jones raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $73.66.
Shares of Altria Group Inc (NYSE:MO) opened at $64.19 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.31 and a debt-to-equity ratio of 0.85. The company has a market cap of $122,490.00, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53. Altria Group Inc has a 1 year low of $60.01 and a 1 year high of $77.79.
Altria Group (NYSE:MO) last issued its quarterly 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 for 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 business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 earnings per share. equities research analysts expect that Altria Group Inc will post 4 EPS for the current fiscal year.
Altria Group declared that its board has initiated a share buyback program on Thursday, February 1st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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 transaction of $995,720.27. Following the transaction, the chief executive officer now owns 64,809 shares of the company’s stock, valued at approximately $4,315,631.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $410,345.00. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.
Altria Group 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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