Cognios Capital LLC lowered its stake in Altria Group Inc (NYSE:MO) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,292 shares of the company’s stock after selling 4,561 shares during the period. Cognios Capital LLC’s holdings in Altria Group were worth $2,305,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. NewSquare Capital LLC raised its holdings in shares of Altria Group by 4,734.7% during the third quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock worth $109,000 after purchasing an additional 106,530 shares during the last quarter. Balentine LLC raised its holdings in shares of Altria Group by 32.4% during the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after purchasing an additional 357 shares during the last quarter. Quantum Capital Management LLC NJ purchased a new position in shares of Altria Group during the third quarter worth $114,000. Northwest Investment Counselors LLC raised its holdings in shares of Altria Group by 557.0% during the third quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock worth $115,000 after purchasing an additional 1,543 shares during the last quarter. Finally, Oak Point Wealth Management purchased a new position in shares of Altria Group during the fourth quarter worth $120,000. 62.77% of the stock is owned by institutional investors and hedge funds.
In other news, VP W Hildebrandt Surgner, Jr. sold 3,200 shares of Altria Group stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $62.34, for a total value of $199,488.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP James E. Dillard III sold 6,500 shares of Altria Group stock in a transaction dated Friday, February 9th. The shares were 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. Insiders sold 28,117 shares of company stock valued at $1,821,707 in the last ninety days. 0.11% of the stock is owned by corporate insiders.
Altria Group Inc (NYSE MO) opened at $66.13 on Wednesday. Altria Group Inc has a fifty-two week low of $60.01 and a fifty-two week 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 firm has a market cap of $125,680.00, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63.
Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.68 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. equities research analysts expect that Altria Group Inc will post 4 EPS for the current fiscal year.
Altria Group announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 1st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Thursday, March 15th will be issued a $0.70 dividend. This is a boost from Altria Group’s previous quarterly dividend of $0.66. The ex-dividend date is Wednesday, March 14th. This represents a $2.80 dividend on an annualized basis and a yield of 4.23%. Altria Group’s payout ratio is presently 74.16%.
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.
Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group Inc (NYSE:MO).
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.