American International Group Inc. Raises Position in Altria Group Inc (MO)

American International Group Inc. boosted its stake in Altria Group Inc (NYSE:MO) by 11.2% in the 4th quarter, Holdings Channel reports. The firm owned 8,238,080 shares of the company’s stock after acquiring an additional 830,254 shares during the quarter. Altria Group makes up about 1.9% of American International Group Inc.’s investment portfolio, making the stock its 11th biggest position. American International Group Inc.’s holdings in Altria Group were worth $588,281,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in shares of Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after acquiring an additional 19,740,509 shares during the last quarter. BlackRock Inc. raised its stake in shares of Altria Group by 7.6% during the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after acquiring an additional 8,969,677 shares during the last quarter. Capital World Investors raised its stake in shares of Altria Group by 27.6% during the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after acquiring an additional 8,914,575 shares during the last quarter. USS Investment Management Ltd bought a new position in shares of Altria Group during the fourth quarter valued at $269,661,000. Finally, Vanguard Group Inc. raised its stake in shares of Altria Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after acquiring an additional 2,690,270 shares during the last quarter. 62.54% of the stock is owned by institutional investors and hedge funds.

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MO has been the subject of several analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $84.00 price target on shares of Altria Group in a research note on Thursday, March 15th. Vetr raised shares of Altria Group from a “sell” rating to a “hold” rating and set a $71.45 price target for the company in a research note on Friday, January 26th. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Tuesday, February 6th. Piper Jaffray Companies increased their price objective on shares of Altria Group from $76.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Berenberg Bank upgraded shares of Altria Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $60.01 to $71.00 in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Altria Group has an average rating of “Buy” and an average price target of $75.14.

In other Altria Group news, CEO Craig A. Johnson sold 14,953 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $66.59, for a total value of $995,720.27. Following the completion of the sale, the chief executive officer now directly owns 64,809 shares in the company, valued at $4,315,631.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP W Hildebrandt Surgner, Jr. sold 3,200 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $62.34, for a total transaction of $199,488.00. The disclosure for this sale can be found here. Insiders sold 28,117 shares of company stock valued at $1,821,707 over the last 90 days. Corporate insiders own 0.11% of the company’s stock.

Shares of Altria Group Inc (NYSE:MO) opened at $59.27 on Monday. Altria Group Inc has a 12-month low of $59.07 and a 12-month 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. The firm 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 (NYSE:MO) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $0.68 earnings per share. research analysts anticipate that Altria Group Inc will post 4.01 EPS for the current year.

The business also recently declared 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 represents a $2.80 dividend on an annualized basis and a yield of 4.72%. This is a boost from Altria Group’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, March 14th. Altria Group’s dividend payout ratio (DPR) is presently 52.63%.

Altria Group declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors 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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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