UMB Bank N A MO Sells 1,925 Shares of Altria Group (MO)

UMB Bank N A MO lowered its stake in shares of Altria Group (NYSE:MO) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,964 shares of the company’s stock after selling 1,925 shares during the quarter. UMB Bank N A MO’s holdings in Altria Group were worth $2,157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of MO. Sterling Investment Advisors Ltd. grew its stake in shares of Altria Group by 133.3% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock worth $100,000 after purchasing an additional 800 shares in the last quarter. Solaris Asset Management LLC grew its stake in shares of Altria Group by 65.7% during the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after purchasing an additional 557 shares in the last quarter. CKW Financial Group acquired a new position in shares of Altria Group during the second quarter worth $109,000. Perigon Wealth Management LLC grew its stake in shares of Altria Group by 4.7% during the first quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock worth $118,000 after purchasing an additional 74 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of Altria Group by 97.4% during the first quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock worth $121,000 after purchasing an additional 821 shares in the last quarter. 61.74% of the stock is currently owned by institutional investors and hedge funds.

Altria Group (NYSE:MO) opened at 64.13 on Wednesday. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79. The firm has a market cap of $123.64 billion, a P/E ratio of 8.46 and a beta of 0.64. The firm has a 50-day moving average of $63.52 and a 200 day moving average of $69.15.

Altria Group (NYSE:MO) last released 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 company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $5.02 billion. Altria Group had a return on equity of 59.50% and a net margin of 56.98%. Altria Group’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 EPS. On average, analysts predict that Altria Group will post $3.27 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Friday, September 15th were given a $0.66 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.64 annualized dividend and a dividend yield of 4.12%. This is an increase from Altria Group’s previous quarterly dividend of $0.61. Altria Group’s payout ratio is presently 34.83%.

Altria Group announced that its board has authorized a stock buyback program on Thursday, July 27th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 0.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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A number of equities analysts recently commented on MO shares. Stifel Nicolaus lowered their target price on shares of Altria Group from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Monday, July 31st. Piper Jaffray Companies set a $76.00 target price on shares of Altria Group and gave the stock a “buy” rating in a research note on Thursday, July 27th. BidaskClub downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 target price for the company. in a research note on Wednesday, September 6th. Finally, Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $71.99.

In other news, CEO Martin J. Barrington sold 15,300 shares of the business’s stock in a transaction dated 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 owns 701,074 shares of the company’s stock, valued at approximately $45,590,842.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

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

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