HRT Financial LLC increased its holdings in Altria Group Inc (NYSE:MO) by 1,711.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 80,990 shares of the company’s stock after buying an additional 76,518 shares during the quarter. Altria Group comprises approximately 5.9% of HRT Financial LLC’s portfolio, making the stock its 2nd biggest position. HRT Financial LLC’s holdings in Altria Group were worth $5,783,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC boosted 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 boosted 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. boosted 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. boosted its position in Altria Group by 1.1% in the second quarter. Roosevelt Investment Group Inc. now owns 3,123 shares of the company’s stock worth $233,000 after purchasing an additional 35 shares during the last quarter. Finally, Frontier Wealth Management LLC boosted its position in Altria Group by 0.5% in the second quarter. Frontier Wealth Management LLC now owns 11,559 shares of the company’s stock worth $861,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 62.57% of the company’s stock.
NYSE MO opened at $62.32 on Friday. 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 Inc has a 12 month low of $59.07 and a 12 month high of $77.79. The company has a market capitalization of $118,435.98, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.81 and a beta of 0.63.
Altria Group announced that its board has initiated a share buyback program on Thursday, February 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Thursday, March 15th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from Altria Group’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a yield of 4.49%. Altria Group’s payout ratio is currently 82.84%.
In related news, CEO Craig A. Johnson sold 14,953 shares of the business’s stock in a transaction that occurred 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 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 legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian W. Quigley sold 3,464 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $62.40, for a total value of $216,153.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,117 shares of company stock worth $1,821,707. 0.11% of the stock is owned by insiders.
A number of research analysts have recently weighed in on the company. Berenberg Bank raised Altria Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $60.01 to $71.00 in a research report on Tuesday, December 19th. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Vetr cut Altria Group from a “buy” rating to a “hold” rating and set a $71.65 price objective on the stock. in a research report on Monday, December 4th. Jefferies Group raised Altria Group from a “hold” rating to a “buy” rating and lowered their price objective for the company from $70.04 to $70.00 in a research report on Friday, January 19th. Finally, Wells Fargo lifted their price objective on Altria Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $74.99.
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Altria Group 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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