Altria Group Inc (NYSE:MO) Shares Sold by Newport Trust Co

Newport Trust Co lowered its stake in shares of Altria Group Inc (NYSE:MO) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 271,788 shares of the company’s stock after selling 6,105 shares during the quarter. Newport Trust Co’s holdings in Altria Group were worth $15,609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MO. Litman Gregory Asset Management LLC acquired a new stake in Altria Group during the 4th quarter worth approximately $30,000. Country Trust Bank increased its position in Altria Group by 86.9% during the 1st quarter. Country Trust Bank now owns 514 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares in the last quarter. Transamerica Financial Advisors Inc. increased its position in Altria Group by 627.6% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 713 shares of the company’s stock worth $36,000 after purchasing an additional 615 shares in the last quarter. James Investment Research Inc. acquired a new stake in Altria Group during the 1st quarter worth approximately $43,000. Finally, Clarfeld Financial Advisors LLC acquired a new stake in Altria Group during the 4th quarter worth approximately $44,000. 64.48% of the stock is owned by institutional investors.

In related news, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $52.48, for a total transaction of $104,960.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jody L. Begley sold 3,250 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $53.38, for a total value of $173,485.00. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

MO has been the subject of a number of analyst reports. Bank of America upped their price target on Altria Group from $56.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. ValuEngine upgraded Altria Group from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Citigroup set a $52.00 price target on Altria Group and gave the stock a “sell” rating in a report on Thursday, March 28th. TheStreet upgraded Altria Group from a “c+” rating to a “b-” rating in a report on Friday, March 29th. Finally, Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $61.91.

Shares of Altria Group stock traded down $0.55 on Friday, hitting $47.35. 20,572,208 shares of the company’s stock traded hands, compared to its average volume of 7,665,675. The firm has a market capitalization of $89.62 billion, a PE ratio of 11.87, a P/E/G ratio of 1.50 and a beta of 0.44. The company has a current ratio of 0.62, a quick ratio of 0.39 and a debt-to-equity ratio of 1.92. The business’s 50-day simple moving average is $50.77. Altria Group Inc has a 52-week low of $42.40 and a 52-week high of $66.04.

Altria Group (NYSE:MO) last released its earnings results on Thursday, April 25th. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.02). The business 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 business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. As a group, equities research analysts predict that Altria Group Inc will post 4.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend is 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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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