First Financial Bank Trust Division cut its holdings in shares of Altria Group Inc (NYSE:MO) by 1.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,490 shares of the company’s stock after selling 220 shares during the period. First Financial Bank Trust Division’s holdings in Altria Group were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Telemus Capital LLC increased its stake in shares of Altria Group by 0.7% during the fourth quarter. Telemus Capital LLC now owns 29,218 shares of the company’s stock worth $1,443,000 after purchasing an additional 207 shares in the last quarter. Intellectus Partners LLC increased its stake in shares of Altria Group by 3.7% during the fourth quarter. Intellectus Partners LLC now owns 5,977 shares of the company’s stock worth $300,000 after purchasing an additional 211 shares in the last quarter. BLB&B Advisors LLC increased its stake in shares of Altria Group by 1.8% during the fourth quarter. BLB&B Advisors LLC now owns 11,925 shares of the company’s stock worth $589,000 after purchasing an additional 216 shares in the last quarter. Sabal Trust CO increased its stake in shares of Altria Group by 5.0% during the fourth quarter. Sabal Trust CO now owns 4,854 shares of the company’s stock worth $240,000 after purchasing an additional 231 shares in the last quarter. Finally, Park National Corp OH increased its stake in shares of Altria Group by 1.4% during the first quarter. Park National Corp OH now owns 17,438 shares of the company’s stock worth $1,001,000 after purchasing an additional 236 shares in the last quarter. Institutional investors own 64.35% of the company’s stock.
MO opened at $56.94 on Tuesday. The stock has a market cap of $105.91 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 1.62 and a beta of 0.39. Altria Group Inc has a twelve month low of $42.40 and a twelve month high of $66.04. The company has a current ratio of 0.20, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80.
Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, January 31st. The company reported $0.95 earnings per share for the quarter, hitting analysts’ consensus estimates 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 period in the previous year, the business posted $0.91 earnings per share. Equities analysts predict that Altria Group Inc will post 4.2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, March 25th will be issued a $0.80 dividend. The ex-dividend date is Friday, March 22nd. This represents a $3.20 annualized dividend and a yield of 5.62%. Altria Group’s payout ratio is 80.20%.
A number of analysts have recently commented on MO shares. Deutsche Bank cut their target price on shares of Altria Group from $62.00 to $55.00 and set a “buy” rating for the company in a research note 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. TheStreet lowered shares of Altria Group from a “b-” rating to a “c+” rating in a research report on Monday, January 7th. Finally, Morgan Stanley lowered shares of Altria Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.11.
In other news, Director Nabil Y. Sakkab bought 1,352 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were bought at an average cost of $52.11 per share, for a total transaction of $70,452.72. Following the acquisition, the director now directly owns 39,660 shares of the company’s stock, valued at approximately $2,066,682.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nabil Y. Sakkab bought 1,032 shares of the firm’s stock in a transaction on Thursday, February 21st. The stock was purchased at an average price of $50.42 per share, for a total transaction of $52,033.44. Following the completion of the acquisition, the director now directly owns 38,308 shares in the company, valued at $1,931,489.36. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.
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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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