Chilton Investment Co. LLC Sells 1,083 Shares of Altria Group Inc (NYSE:MO)

Chilton Investment Co. LLC lowered its position in Altria Group Inc (NYSE:MO) by 10.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,564 shares of the company’s stock after selling 1,083 shares during the quarter. Chilton Investment Co. LLC’s holdings in Altria Group were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc boosted its stake in Altria Group by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after purchasing an additional 1,107,891 shares during the last quarter. Sigma Planning Corp boosted its stake in Altria Group by 7.3% during the 4th quarter. Sigma Planning Corp now owns 123,710 shares of the company’s stock valued at $6,110,000 after purchasing an additional 8,463 shares during the last quarter. Allred Capital Management LLC acquired a new position in Altria Group during the 4th quarter valued at about $681,000. Doliver Capital Advisors LP boosted its stake in Altria Group by 34.6% during the 4th quarter. Doliver Capital Advisors LP now owns 60,285 shares of the company’s stock valued at $2,977,000 after purchasing an additional 15,482 shares during the last quarter. Finally, Sabal Trust CO boosted its stake in Altria Group by 5.0% during the 4th quarter. Sabal Trust CO now owns 4,854 shares of the company’s stock valued at $240,000 after purchasing an additional 231 shares during the last quarter. Institutional investors own 64.49% of the company’s stock.

Shares of NYSE MO opened at $51.21 on Friday. Altria Group Inc has a twelve month low of $42.40 and a twelve month high of $66.04. The company has a market capitalization of $97.57 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 1.63 and a beta of 0.44. The company has a current ratio of 0.62, a quick ratio of 0.39 and a debt-to-equity ratio of 1.92.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.60 billion. Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.95 EPS. On average, analysts forecast that Altria Group Inc will post 4.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.25%. Altria Group’s dividend payout ratio (DPR) is presently 80.20%.

A number of equities analysts have recently weighed in on MO shares. Bank of America boosted their target price on Altria Group from $56.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. ValuEngine upgraded Altria Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Citigroup set a $52.00 target price on Altria Group and gave the stock a “sell” rating in a research note on Thursday, March 28th. TheStreet upgraded Altria Group from a “c+” rating to a “b-” rating in a research note on Friday, March 29th. Finally, Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $61.91.

In related news, SVP Jody L. Begley sold 3,250 shares of Altria Group stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $53.38, for a total value of $173,485.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of Altria Group stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $52.48, for a total transaction of $104,960.00. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

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Altria Group 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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