Nicolet Bankshares Inc. decreased its position in Altria Group Inc (NYSE:MO) by 7.3% in the 4th quarter, Holdings Channel reports. The firm owned 9,389 shares of the company’s stock after selling 738 shares during the period. Nicolet Bankshares Inc.’s holdings in Altria Group were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after purchasing an additional 19,740,509 shares during the last quarter. BlackRock Inc. lifted its stake in Altria Group by 7.6% during the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after purchasing an additional 8,969,677 shares during the last quarter. Capital World Investors lifted its stake in Altria Group by 27.6% during the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after purchasing an additional 8,914,575 shares during the last quarter. USS Investment Management Ltd acquired a new stake in Altria Group during the fourth quarter valued at approximately $269,661,000. Finally, Vanguard Group Inc. lifted its stake in Altria Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after purchasing an additional 2,690,270 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.
Altria Group Inc (NYSE:MO) opened at $64.77 on Wednesday. Altria Group Inc has a 12 month low of $60.01 and a 12 month high of $77.79. The company has a market cap of $121,875.79, a price-to-earnings ratio of 18.92, a PEG ratio of 1.87 and a beta of 0.63. 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 (NYSE:MO) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the prior year, the business posted $0.68 EPS. Altria Group’s quarterly revenue was down .4% on a year-over-year basis. research analysts forecast that Altria Group Inc will post 4 earnings per share for the current year.
Altria Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.70 per share. This is a positive change from Altria Group’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.80 annualized dividend and a dividend yield of 4.32%. Altria Group’s dividend payout ratio is 49.62%.
In related news, CEO Craig A. Johnson sold 14,953 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James E. Dillard III sold 6,500 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $63.13, for a total transaction of $410,345.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,117 shares of company stock worth $1,821,707. 0.11% of the stock is currently owned by company insiders.
Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and set a $62.00 target price (down from $65.00) on shares of Altria Group in a research note on Monday, February 5th. Vetr raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.45 target price for the company in a research note on Monday, February 5th. Piper Jaffray Companies increased their target price on shares of Altria Group from $76.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Jefferies Group set a $72.00 target price on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $73.66.
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.
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