Hutner Capital Management Inc. Has $6.55 Million Stake in Altria Group Inc (MO)
Hutner Capital Management Inc. grew its position in Altria Group Inc (NYSE:MO) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,742 shares of the company’s stock after buying an additional 1,030 shares during the period. Altria Group makes up 4.7% of Hutner Capital Management Inc.’s portfolio, making the stock its 7th largest position. Hutner Capital Management Inc.’s holdings in Altria Group were worth $6,551,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in MO. NewSquare Capital LLC grew its holdings in shares of Altria Group by 4,734.7% in the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock valued at $109,000 after buying an additional 106,530 shares during the period. Balentine LLC lifted its position in Altria Group by 32.4% in the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after acquiring an additional 357 shares in the last quarter. Quantum Capital Management LLC NJ bought a new stake in Altria Group in the 3rd quarter valued at $114,000. Northwest Investment Counselors LLC lifted its position in Altria Group by 557.0% in the 3rd quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock valued at $115,000 after acquiring an additional 1,543 shares in the last quarter. Finally, Oak Point Wealth Management bought a new stake in Altria Group in the 4th quarter valued at $120,000. 63.01% of the stock is owned by institutional investors.
Several equities research analysts recently commented on MO shares. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price objective on the stock in a research report on Monday, November 6th. Jefferies Group set a $72.00 price objective on shares of Altria Group and gave the company a “hold” rating in a research report on Friday, November 17th. Berenberg Bank raised shares of Altria Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $60.01 to $71.00 in a research report on Tuesday, December 19th. Zacks Investment Research cut shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Co boosted their price objective on shares of Altria Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $73.66.
Shares of Altria Group Inc (NYSE MO) opened at $62.55 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 52-week low of $60.01 and a 52-week high of $77.79. The company has a market cap of $118,873.08, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.83 and a beta of 0.63.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same period in the previous year, the firm posted $0.68 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. sell-side analysts anticipate that Altria Group Inc will post 4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.70 per share. 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 annualized dividend and a yield of 4.48%. Altria Group’s payout ratio is 49.62%.
Altria Group announced that its Board of Directors has approved a stock repurchase program on Thursday, February 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://www.watchlistnews.com/hutner-capital-management-inc-has-6-55-million-stake-in-altria-group-inc-mo/1906634.html.
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.
Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group Inc (NYSE:MO).
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.