Rehmann Capital Advisory Group Trims Stake in Altria Group Inc (MO)

Rehmann Capital Advisory Group cut its position in Altria Group Inc (NYSE:MO) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,374 shares of the company’s stock after selling 2,345 shares during the period. Rehmann Capital Advisory Group’s holdings in Altria Group were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Telemus Capital LLC lifted its position in 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 buying an additional 207 shares in the last quarter. BLB&B Advisors LLC raised its position in Altria Group by 1.8% in the fourth quarter. BLB&B Advisors LLC now owns 11,925 shares of the company’s stock valued at $589,000 after purchasing an additional 216 shares during the period. Sabal Trust CO raised its position in Altria Group by 5.0% in the fourth 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 period. Diversified Trust Co raised its position in Altria Group by 4.9% in the fourth quarter. Diversified Trust Co now owns 5,786 shares of the company’s stock valued at $286,000 after purchasing an additional 270 shares during the period. Finally, Lbmc Investment Advisors LLC raised its position in Altria Group by 4.5% in the fourth quarter. Lbmc Investment Advisors LLC now owns 6,269 shares of the company’s stock valued at $310,000 after purchasing an additional 270 shares during the period. 64.28% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Ivan S. Feldman sold 6,802 shares of the business’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $51.18, for a total transaction of $348,126.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nabil Y. Sakkab bought 1,032 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were bought at an average cost of $50.42 per share, with a total value of $52,033.44. Following the completion of the purchase, 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.

MO has been the topic of a number of research analyst reports. Citigroup downgraded Altria Group from a “neutral” rating to a “sell” rating in a research report on Friday, December 21st. Morgan Stanley downgraded Altria Group from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 22nd. Cowen downgraded Altria Group from an “outperform” rating to a “market perform” rating in a research report on Monday, January 7th. TheStreet downgraded Altria Group from a “b-” rating to a “c+” rating in a research report on Monday, January 7th. Finally, Deutsche Bank reduced their target price on Altria Group from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, December 21st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Altria Group has an average rating of “Hold” and an average price target of $63.11.

Shares of NYSE MO traded up $0.38 during trading on Monday, reaching $56.94. The stock had a trading volume of 4,445,168 shares, compared to its average volume of 11,771,276. Altria Group Inc has a fifty-two week low of $42.40 and a fifty-two week 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. The stock has a market capitalization of $104.82 billion, a PE ratio of 14.27, a PEG ratio of 1.60 and a beta of 0.39.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.95 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.95. Altria Group had a return on equity of 49.05% and a net margin of 27.45%. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. On average, equities analysts predict that Altria Group Inc will post 4.2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.62%. Altria Group’s payout ratio is presently 80.20%.

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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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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