Altria Group (MO) Stake Decreased by Oakworth Capital Inc.
Oakworth Capital Inc. reduced its position in Altria Group (NYSE:MO) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,586 shares of the company’s stock after selling 150 shares during the period. Oakworth Capital Inc.’s holdings in Altria Group were worth $669,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of MO. First Personal Financial Services raised its position in shares of Altria Group by 66.3% in the second quarter. First Personal Financial Services now owns 1,603 shares of the company’s stock worth $111,000 after buying an additional 639 shares in the last quarter. Zions Bancorporation raised its position in shares of Altria Group by 48.4% in the second quarter. Zions Bancorporation now owns 1,971 shares of the company’s stock worth $137,000 after buying an additional 643 shares in the last quarter. Seven Eight Capital LLC bought a new position in shares of Altria Group during the second quarter worth $187,000. Blue Bell Private Wealth Management LLC raised its position in shares of Altria Group by 13.0% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,873 shares of the company’s stock worth $182,000 after buying an additional 330 shares in the last quarter. Finally, Vestor Capital LLC raised its position in shares of Altria Group by 52.6% in the second quarter. Vestor Capital LLC now owns 2,901 shares of the company’s stock worth $200,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 59.90% of the company’s stock.
Shares of Altria Group (NYSE:MO) traded up 0.10% on Friday, reaching $67.58. 4,073,116 shares of the company’s stock traded hands. The firm has a market capitalization of $131.92 billion, a P/E ratio of 25.41 and a beta of 0.55. The firm’s 50 day moving average is $66.51 and its 200 day moving average is $65.65. Altria Group has a 52 week low of $56.15 and a 52 week high of $70.15.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The business earned $6.90 billion during the quarter, compared to the consensus estimate of $5.11 billion. Altria Group had a return on equity of 202.19% and a net margin of 20.19%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. Analysts expect that Altria Group will post $3.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 10th. Stockholders of record on Thursday, December 22nd were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Tuesday, December 20th. Altria Group’s dividend payout ratio (DPR) is presently 91.73%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 28th. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $70.00 to $75.00 in a research note on Wednesday, January 4th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $74.00 price target on shares of Altria Group in a research note on Wednesday, December 21st. Vetr downgraded shares of Altria Group from a “buy” rating to a “hold” rating and set a $68.29 price target on the stock. in a research note on Tuesday, November 1st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $65.00 price target on shares of Altria Group in a research note on Tuesday, November 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Altria Group presently has a consensus rating of “Hold” and a consensus price target of $70.50.
In other news, CEO Martin J. Barrington sold 15,960 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $65.85, for a total transaction of $1,050,966.00. Following the completion of the sale, the chief executive officer now owns 833,577 shares in the company, valued at $54,891,045.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.15% of the company’s stock.
About Altria Group
Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.
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