Windsor Capital Management LLC Has $679,000 Holdings in Altria Group Inc (MO)
Windsor Capital Management LLC cut its position in Altria Group Inc (NYSE:MO) by 23.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,521 shares of the company’s stock after selling 2,845 shares during the quarter. Windsor Capital Management LLC’s holdings in Altria Group were worth $679,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Balentine LLC raised its stake in shares of Altria Group by 32.4% during the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after buying an additional 357 shares during the period. NewSquare Capital LLC grew its holdings in Altria Group by 4,734.7% in the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock valued at $109,000 after buying an additional 106,530 shares in the last quarter. Quantum Capital Management LLC NJ purchased a new stake in Altria Group in the 3rd quarter valued at $114,000. Northwest Investment Counselors LLC grew its holdings in Altria Group by 557.0% in the 3rd quarter. Northwest Investment Counselors LLC now owns 1,820 shares of the company’s stock valued at $115,000 after buying an additional 1,543 shares in the last quarter. Finally, Oak Point Wealth Management purchased a new position in shares of Altria Group during the 4th quarter worth $120,000. Institutional investors and hedge funds own 62.77% of the company’s stock.
A number of equities analysts recently commented on the company. Berenberg Bank upgraded Altria Group from a “hold” rating to a “buy” rating and raised their target price for the company from $60.01 to $71.00 in a report on Tuesday, December 19th. Vetr lowered Altria Group from a “hold” rating to a “sell” rating and set a $67.97 price target on the stock. in a research report on Monday, December 11th. Zacks Investment Research lowered Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Wells Fargo & Co raised their price target on Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Finally, Piper Jaffray Companies raised their price target on Altria Group from $76.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $75.14.
Altria Group (NYSE:MO) last issued 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. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. equities analysts predict that Altria Group Inc will post 4.01 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Thursday, March 15th will be paid a $0.70 dividend. This is a boost from Altria Group’s previous quarterly dividend of $0.66. The ex-dividend date is Wednesday, March 14th. This represents a $2.80 annualized dividend and a dividend yield of 4.39%. Altria Group’s payout ratio is 74.16%.
Altria Group declared that its Board of Directors has approved a share repurchase program on Thursday, February 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other news, CEO Brian W. Quigley sold 3,464 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $62.40, for a total transaction of $216,153.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Craig A. Johnson sold 14,953 shares of the stock in a transaction that occurred on 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 in the company, valued at $4,315,631.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,117 shares of company stock worth $1,821,707. Insiders own 0.11% of the company’s stock.
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Altria Group Profile
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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