Chicago Equity Partners LLC grew its stake in Altria Group Inc (NYSE:MO) by 43.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,635 shares of the company’s stock after purchasing an additional 19,935 shares during the period. Chicago Equity Partners LLC’s holdings in Altria Group were worth $4,687,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Bellwether Investment Group LLC boosted its position in Altria Group by 0.3% in the 2nd quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock worth $331,000 after purchasing an additional 12 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Altria Group by 0.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 4,912 shares of the company’s stock valued at $366,000 after buying an additional 28 shares in the last quarter. Cheviot Value Management LLC lifted its position in shares of Altria Group by 1.0% during the 2nd quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock valued at $218,000 after buying an additional 28 shares in the last quarter. Thompson Davis & CO. Inc. lifted its position in shares of Altria Group by 0.5% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 5,757 shares of the company’s stock valued at $429,000 after buying an additional 29 shares in the last quarter. Finally, Roosevelt Investment Group Inc. lifted its position in shares of Altria Group by 1.1% during the 2nd quarter. Roosevelt Investment Group Inc. now owns 3,123 shares of the company’s stock valued at $233,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.
In related news, CEO Craig A. Johnson sold 14,953 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $66.59, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James E. Dillard III sold 6,500 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $63.13, for a total value of $410,345.00. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.
Altria Group Inc (NYSE MO) opened at $64.00 on Wednesday. Altria Group Inc has a 52 week low of $60.01 and a 52 week high of $77.79. The company has a quick ratio of 0.31, a current ratio of 0.64 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $124,852.87, a price-to-earnings ratio of 19.30, a P/E/G ratio of 1.91 and a beta of 0.53.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.11. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the company earned $0.68 EPS. The firm’s revenue was down .4% compared to the same quarter last year. equities analysts predict that Altria Group Inc will post 3.99 earnings per share for the current year.
Altria Group announced that its Board of Directors has initiated a share repurchase program on Thursday, February 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
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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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