CENTRAL TRUST Co trimmed its position in Altria Group Inc (NYSE:MO) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 180,916 shares of the company’s stock after selling 2,072 shares during the period. CENTRAL TRUST Co’s holdings in Altria Group were worth $12,919,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MO. Cadinha & Co. LLC boosted its position in shares of Altria Group by 34.8% in the 2nd quarter. Cadinha & Co. LLC now owns 9,301 shares of the company’s stock worth $693,000 after purchasing an additional 2,401 shares during the last quarter. LMR Partners LLP bought a new position in shares of Altria Group in the 2nd quarter worth $1,120,000. Teacher Retirement System of Texas boosted its position in shares of Altria Group by 4.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,763,350 shares of the company’s stock worth $131,317,000 after purchasing an additional 76,988 shares during the last quarter. Rational Advisors LLC boosted its position in shares of Altria Group by 44.1% in the 2nd quarter. Rational Advisors LLC now owns 27,397 shares of the company’s stock worth $2,040,000 after purchasing an additional 8,384 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Altria Group by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 2,870,318 shares of the company’s stock worth $213,753,000 after purchasing an additional 17,006 shares during the last quarter. Hedge funds and other institutional investors own 62.61% of the company’s stock.
In other Altria Group news, CEO Craig A. Johnson sold 14,953 shares of Altria Group stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $66.59, for a total value of $995,720.27. Following the sale, the chief executive officer now owns 64,809 shares of the company’s stock, valued at approximately $4,315,631.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James E. Dillard III sold 6,500 shares of Altria Group stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $63.13, for a total value of $410,345.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
Altria Group Inc (NYSE:MO) opened at $65.46 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.31 and a current ratio of 0.64. The firm has a market capitalization of $124,910.00, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53. Altria Group Inc has a twelve month low of $60.01 and a twelve month high of $77.79.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.80 billion. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. equities analysts predict that Altria Group Inc will post 4 EPS for the current year.
Altria Group announced that its board has initiated a stock buyback plan on Thursday, February 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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About Altria Group
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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