Jody L. Begley Sells 3,250 Shares of Altria Group Inc (MO) Stock

Altria Group Inc (NYSE:MO) SVP Jody L. Begley sold 3,250 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $53.38, for a total value of $173,485.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NYSE:MO traded down $1.15 during trading hours on Friday, reaching $49.06. 6,414,700 shares of the company traded hands, compared to its average volume of 10,701,392. The stock has a market capitalization of $93.90 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.57 and a beta of 0.35. Altria Group Inc has a 1 year low of $42.40 and a 1 year high of $66.04. The company has a current ratio of 0.62, a quick ratio of 0.39 and a debt-to-equity ratio of 1.92.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.02). The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.60 billion. Altria Group had a net margin of 24.87% and a return on equity of 49.42%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 EPS. As a group, equities research analysts predict that Altria Group Inc will post 4.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date of this dividend is Thursday, June 13th. Altria Group’s payout ratio is 80.20%.

A number of large investors have recently made changes to their positions in the business. IFG Advisory LLC grew its holdings in shares of Altria Group by 0.9% in the first quarter. IFG Advisory LLC now owns 22,843 shares of the company’s stock worth $1,311,000 after acquiring an additional 198 shares during the period. BerganKDV Wealth Management LLC grew its holdings in shares of Altria Group by 9.1% in the first quarter. BerganKDV Wealth Management LLC now owns 2,389 shares of the company’s stock worth $137,000 after acquiring an additional 200 shares during the period. Telemus Capital LLC grew its holdings in shares of Altria Group by 0.7% in the fourth quarter. Telemus Capital LLC now owns 29,218 shares of the company’s stock worth $1,443,000 after acquiring an additional 207 shares during the period. Intellectus Partners LLC grew its holdings in shares of Altria Group by 3.7% in the fourth quarter. Intellectus Partners LLC now owns 5,977 shares of the company’s stock worth $300,000 after acquiring an additional 211 shares during the period. Finally, Abner Herrman & Brock LLC grew its holdings in shares of Altria Group by 2.3% in the first quarter. Abner Herrman & Brock LLC now owns 9,426 shares of the company’s stock worth $541,000 after acquiring an additional 213 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Several equities research analysts have weighed in on the company. TheStreet upgraded Altria Group from a “c+” rating to a “b-” rating in a report on Friday, March 29th. ValuEngine upgraded Altria Group from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Morgan Stanley increased their price objective on Altria Group from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Monday, April 15th. Citigroup set a $52.00 target price on Altria Group and gave the company a “sell” rating in a research note on Thursday, March 28th. Finally, Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.53.

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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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