Baugh & Associates LLC purchased a new stake in Altria Group Inc (NYSE:MO) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 58,141 shares of the company’s stock, valued at approximately $4,152,000. Altria Group accounts for about 3.5% of Baugh & Associates LLC’s holdings, making the stock its 5th largest position.
Several other institutional investors have also made changes to their positions in the company. YorkBridge Wealth Partners LLC lifted its stake in Altria Group by 0.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 4,912 shares of the company’s stock worth $366,000 after acquiring an additional 28 shares in the last quarter. Cheviot Value Management LLC increased its holdings in Altria Group by 1.0% during the 2nd quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock worth $218,000 after purchasing an additional 28 shares during the period. Thompson Davis & CO. Inc. increased its holdings in Altria Group by 0.5% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 5,757 shares of the company’s stock worth $429,000 after purchasing an additional 29 shares during the period. Roosevelt Investment Group Inc. increased its holdings in Altria Group by 1.1% during the 2nd quarter. Roosevelt Investment Group Inc. now owns 3,123 shares of the company’s stock worth $233,000 after purchasing an additional 35 shares during the period. Finally, Northwest Quadrant Wealth Management LLC increased its holdings in Altria Group by 0.7% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 6,677 shares of the company’s stock worth $437,000 after purchasing an additional 44 shares during the period. 62.54% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the company. Jefferies Group restated a “buy” rating and set a $84.00 price target on shares of Altria Group in a report on Thursday, March 15th. Zacks Investment Research downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Vetr upgraded Altria Group from a “sell” rating to a “hold” rating and set a $69.29 price target on the stock in a report on Thursday, December 28th. Argus restated a “buy” rating and set a $79.00 price target (up previously from $66.13) on shares of Altria Group in a report on Wednesday, March 14th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $62.00 price target (down previously from $65.00) on shares of Altria Group in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $75.14.
MO stock opened at $61.52 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 market capitalization of $120,089.37, a PE ratio of 11.56, a PEG ratio of 1.83 and a beta of 0.63. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.64 and a quick ratio of 0.31.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The business had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis. sell-side analysts forecast that Altria Group Inc will post 4.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Thursday, March 15th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.55%. This is an increase from Altria Group’s previous quarterly dividend of $0.66. Altria Group’s dividend payout ratio is presently 52.63%.
Altria Group declared that its board has initiated a share repurchase program on Thursday, February 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
In related news, CEO Brian W. Quigley sold 3,464 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $62.40, for a total transaction of $216,153.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP W Hildebrandt Surgner, Jr. sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $62.34, for a total value of $199,488.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,117 shares of company stock worth $1,821,707. Company insiders own 0.11% of the company’s stock.
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About Altria Group
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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