Sawyer & Company Inc acquired a new stake in Altria Group Inc (NYSE:MO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,295 shares of the company’s stock, valued at approximately $164,000.
A number of other large investors have also made changes to their positions in MO. Cadinha & Co. LLC lifted its position in shares of Altria Group by 34.8% during the 2nd quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock valued at $693,000 after buying an additional 2,401 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Altria Group during the 2nd quarter valued at $1,120,000. Teacher Retirement System of Texas lifted its position in shares of Altria Group by 4.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock valued at $131,317,000 after buying an additional 76,988 shares during the last quarter. Rational Advisors LLC lifted its position in shares of Altria Group by 44.1% during the 2nd quarter. Rational Advisors LLC now owns 27,397 shares of the company’s stock valued at $2,040,000 after buying an additional 8,384 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Altria Group by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 2,870,318 shares of the company’s stock valued at $213,753,000 after buying an additional 17,006 shares during the last quarter. Hedge funds and other institutional investors own 62.75% of the company’s stock.
Altria Group Inc (MO) opened at $64.03 on Friday. The firm has a market capitalization of $122,140.00, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.95 and a beta of 0.53. The company has a quick ratio of 0.31, a current ratio of 0.64 and a debt-to-equity ratio of 0.85. Altria Group Inc has a one year low of $60.01 and a one year high of $77.79.
Altria Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.
A number of research analysts have recently commented on MO shares. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price target on the stock. in a research report on Friday, October 13th. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Piper Jaffray Companies reissued a “buy” rating and set a $76.00 price objective on shares of Altria Group in a report on Friday, October 27th. UBS Group dropped their price objective on Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Finally, Citigroup dropped their price objective on Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Altria Group has an average rating of “Buy” and a consensus target price of $73.20.
In other Altria Group news, CEO Craig A. Johnson sold 14,953 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $4,315,631.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.
Altria Group Company 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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