Quad Cities Investment Group LLC lessened its stake in shares of Altria Group Inc (NYSE:MO) by 9.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,733 shares of the company’s stock after selling 285 shares during the period. Quad Cities Investment Group LLC’s holdings in Altria Group were worth $157,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Denali Advisors LLC boosted its position in shares of Altria Group by 12.0% in the first quarter. Denali Advisors LLC now owns 87,000 shares of the company’s stock valued at $4,996,000 after acquiring an additional 9,300 shares during the period. Polaris Greystone Financial Group LLC boosted its position in shares of Altria Group by 76.6% in the first quarter. Polaris Greystone Financial Group LLC now owns 29,126 shares of the company’s stock valued at $1,681,000 after acquiring an additional 12,634 shares during the period. Hexavest Inc. boosted its position in shares of Altria Group by 7.6% in the first quarter. Hexavest Inc. now owns 1,557,192 shares of the company’s stock valued at $89,430,000 after acquiring an additional 110,503 shares during the period. Joel Isaacson & Co. LLC boosted its position in shares of Altria Group by 1.9% in the first quarter. Joel Isaacson & Co. LLC now owns 23,140 shares of the company’s stock valued at $1,329,000 after acquiring an additional 429 shares during the period. Finally, Bank of Edwardsville bought a new position in shares of Altria Group in the first quarter valued at approximately $684,000. Institutional investors and hedge funds own 64.35% of the company’s stock.
In other Altria Group news, VP Ivan S. Feldman sold 6,802 shares of Altria Group stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $51.18, for a total transaction of $348,126.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nabil Y. Sakkab bought 1,032 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were bought at an average price of $50.42 per share, with a total value of $52,033.44. Following the completion of the transaction, the director now owns 38,308 shares of the company’s stock, valued at $1,931,489.36. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.
Shares of Altria Group stock opened at $54.37 on Friday. Altria Group Inc has a 1 year low of $42.40 and a 1 year high of $66.04. The company has a market cap of $101.81 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 1.66 and a beta of 0.39. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.20 and a quick ratio of 0.09.
Altria Group (NYSE:MO) last announced its earnings results on Thursday, January 31st. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same period in the previous year, the business posted $0.91 earnings per share. Equities research analysts predict that Altria Group Inc will post 4.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, March 25th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $3.20 annualized dividend and a yield of 5.89%. Altria Group’s payout ratio is presently 80.20%.
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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