Valeo Financial Advisors LLC increased its holdings in Altria Group Inc (NYSE:MO) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,487 shares of the company’s stock after purchasing an additional 1,189 shares during the period. Valeo Financial Advisors LLC’s holdings in Altria Group were worth $1,963,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. YorkBridge Wealth Partners LLC increased its position in Altria Group by 0.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 4,912 shares of the company’s stock worth $366,000 after purchasing an additional 28 shares during the last quarter. Cheviot Value Management LLC increased its position in Altria Group by 1.0% in the second 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 last quarter. Thompson Davis & CO. Inc. increased its position in Altria Group by 0.5% in the second 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 last quarter. Roosevelt Investment Group Inc. increased its position in Altria Group by 1.1% during the second quarter. Roosevelt Investment Group Inc. now owns 3,123 shares of the company’s stock valued at $233,000 after acquiring an additional 35 shares during the last quarter. Finally, Northwest Quadrant Wealth Management LLC increased its position in Altria Group by 0.7% during the second quarter. Northwest Quadrant Wealth Management LLC now owns 6,677 shares of the company’s stock valued at $437,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 62.54% of the company’s stock.
In related news, VP W Hildebrandt Surgner, Jr. sold 3,200 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig A. Johnson sold 14,953 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $66.59, for a total transaction of $995,720.27. Following the completion of the sale, the chief executive officer now directly owns 64,809 shares of the company’s stock, valued at $4,315,631.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,117 shares of company stock valued at $1,821,707. 0.11% of the stock is owned by insiders.
Shares of Altria Group stock opened at $59.27 on Friday. The stock has a market cap of $112,639.61, a price-to-earnings ratio of 11.14, a PEG ratio of 1.72 and a beta of 0.63. Altria Group Inc has a one year low of $59.07 and a one year high of $77.79. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.31 and a current ratio of 0.64.
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. The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.80 billion. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. sell-side analysts predict that Altria Group Inc will post 4.01 EPS for the current fiscal year.
Altria Group announced that its board has authorized a share buyback program on Thursday, February 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.70 per share. This is a positive change from Altria Group’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Wednesday, March 14th. Altria Group’s payout ratio is currently 52.63%.
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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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