Hyman Charles D lowered its stake in Altria Group Inc (NYSE:MO) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 156,904 shares of the company’s stock after selling 3,340 shares during the period. Hyman Charles D’s holdings in Altria Group were worth $7,429,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Fishman Jay A Ltd. MI increased its stake in Altria Group by 2.1% during the 4th quarter. Fishman Jay A Ltd. MI now owns 38,300 shares of the company’s stock valued at $1,892,000 after buying an additional 770 shares during the period. Dimensional Fund Advisors LP increased its stake in Altria Group by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,006,715 shares of the company’s stock valued at $296,655,000 after buying an additional 93,073 shares during the period. Geode Capital Management LLC increased its stake in Altria Group by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock valued at $1,229,235,000 after buying an additional 1,908,626 shares during the period. Alexandria Capital LLC increased its stake in Altria Group by 5.5% during the 4th quarter. Alexandria Capital LLC now owns 6,860 shares of the company’s stock valued at $339,000 after buying an additional 356 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Altria Group during the 4th quarter valued at about $5,101,000. Institutional investors own 64.24% of the company’s stock.
In related news, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $52.48, for a total transaction of $104,960.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.11% of the company’s stock.
MO stock traded up $0.05 on Friday, reaching $47.93. 7,071,782 shares of the company were exchanged, compared to its average volume of 6,780,856. Altria Group Inc has a 12 month low of $42.40 and a 12 month high of $66.04. The company has a fifty day simple moving average of $49.20. The stock has a market capitalization of $89.44 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.50 and a beta of 0.38. The company has a quick ratio of 0.39, a current ratio of 0.56 and a debt-to-equity ratio of 1.87.
Altria Group (NYSE:MO) last announced its earnings results on Tuesday, July 30th. The company reported $1.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.10. Altria Group had a net margin of 25.04% and a return on equity of 51.53%. The business had revenue of $5.19 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Altria Group’s revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Altria Group Inc will post 4.17 earnings per share for the current fiscal year.
Altria Group declared that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 1.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 14th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend was Thursday, June 13th. Altria Group’s dividend payout ratio (DPR) is currently 80.20%.
About Altria Group
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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