APG Asset Management N.V. decreased its holdings in shares of Altria Group Inc (NYSE:MO) by 75.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,213,291 shares of the company’s stock after selling 3,679,714 shares during the quarter. APG Asset Management N.V.’s holdings in Altria Group were worth $72,153,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after purchasing an additional 19,740,509 shares in the last quarter. BlackRock Inc. raised its holdings in Altria Group by 7.6% during the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after purchasing an additional 8,969,677 shares in the last quarter. Capital World Investors raised its holdings in Altria Group by 27.6% during the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after purchasing an additional 8,914,575 shares in the last quarter. USS Investment Management Ltd purchased a new position in Altria Group during the fourth quarter worth about $269,661,000. Finally, Vanguard Group Inc. raised its holdings in Altria Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after purchasing an additional 2,690,270 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.
Altria Group Inc (MO) opened at $64.19 on Wednesday. Altria Group Inc has a 1-year low of $60.01 and a 1-year high of $77.79. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.64 and a quick ratio of 0.31. The stock has a market cap of $122,490.00, a PE ratio of 12.04, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53.
Altria Group (NYSE:MO) last issued its earnings results on Thursday, February 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same period last year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. equities research analysts anticipate that Altria Group Inc will post 4 EPS for the current year.
Altria Group declared that its Board of Directors has authorized a share buyback program on Thursday, February 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
In other news, CEO Craig A. Johnson sold 14,953 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $66.59, for a total transaction of $995,720.27. Following the completion of the transaction, the chief executive officer now directly owns 64,809 shares of the company’s stock, valued at approximately $4,315,631.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP James E. Dillard III sold 6,500 shares of the firm’s stock in a transaction that occurred on 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. Company insiders own 0.11% of the company’s stock.
MO has been the subject 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 target for the company in a report on Tuesday, October 31st. Citigroup cut their price target on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a report 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 target for the company. in a report on Monday, October 30th. Piper Jaffray Companies reissued a “buy” rating and set a $76.00 price target on shares of Altria Group in a report on Friday, October 27th. Finally, Edward Jones raised shares of Altria Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $73.66.
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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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