Millennium Management LLC trimmed its position in Altria Group Inc (NYSE:MO) by 73.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,863 shares of the company’s stock after selling 749,590 shares during the quarter. Millennium Management LLC’s holdings in Altria Group were worth $13,724,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MO. Litman Gregory Asset Management LLC acquired a new stake in shares of Altria Group during the fourth quarter worth approximately $30,000. Clean Yield Group acquired a new stake in shares of Altria Group during the fourth quarter worth approximately $32,000. Transamerica Financial Advisors Inc. boosted its holdings in shares of Altria Group by 627.6% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 713 shares of the company’s stock worth $36,000 after purchasing an additional 615 shares during the period. Sontag Advisory LLC acquired a new stake in shares of Altria Group during the fourth quarter worth approximately $50,000. Finally, Massey Quick Simon & CO. LLC boosted its holdings in shares of Altria Group by 631.3% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 1,097 shares of the company’s stock worth $54,000 after purchasing an additional 947 shares during the period. Institutional investors and hedge funds own 64.28% of the company’s stock.

In other news, VP Ivan S. Feldman sold 6,802 shares of Altria Group stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $51.18, for a total value of $348,126.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nabil Y. Sakkab purchased 1,352 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was purchased at an average cost of $52.11 per share, for a total transaction of $70,452.72. Following the transaction, the director now owns 39,660 shares of the company’s stock, valued at $2,066,682.60. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

MO has been the subject of several research reports. Piper Jaffray Companies set a $75.00 price target on shares of Altria Group and gave the stock a “buy” rating in a report on Tuesday, December 11th. Deutsche Bank cut their price objective on shares of Altria Group from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, December 21st. Citigroup lowered shares of Altria Group from a “neutral” rating to a “sell” rating in a research report on Friday, December 21st. Cowen lowered shares of Altria Group from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. Finally, TheStreet lowered shares of Altria Group from a “b-” rating to a “c+” rating in a research report on Monday, January 7th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Altria Group currently has an average rating of “Hold” and an average target price of $64.28.

Shares of MO opened at $55.11 on Wednesday. The company has a market cap of $103.19 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 1.57 and a beta of 0.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.09 and a current ratio of 0.20. Altria Group Inc has a twelve month low of $42.40 and a twelve month high of $66.04.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.81 billion. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. During the same quarter last year, the firm earned $0.91 earnings per share. Analysts predict that Altria Group Inc will post 4.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date of this dividend is Friday, March 22nd. Altria Group’s dividend payout ratio is 80.20%.

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Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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