3,170 Shares in Altria Group Inc (MO) Purchased by Oakmont Partners LLC
Oakmont Partners LLC purchased a new position in shares of Altria Group Inc (NYSE:MO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,170 shares of the company’s stock, valued at approximately $226,000.
Several other large investors have also recently made changes to their positions in MO. Janus Henderson Group PLC boosted its stake in shares of Altria Group by 21,647.0% during the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after acquiring an additional 19,740,509 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Altria Group by 7.6% during the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after acquiring an additional 8,969,677 shares in the last quarter. Capital World Investors boosted its stake in shares of Altria Group by 27.6% during the 2nd quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after acquiring an additional 8,914,575 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Altria Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after acquiring an additional 2,690,270 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Altria Group by 67.7% during the 3rd quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock worth $310,314,000 after acquiring an additional 1,974,500 shares in the last quarter. 62.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of Altria Group Inc (NYSE:MO) opened at $64.03 on Monday. Altria Group Inc has a 52 week low of $60.01 and a 52 week high of $77.79. The company has a quick ratio of 0.31, a current ratio of 0.64 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $122,180.00, a P/E ratio of 12.06, a P/E/G ratio of 1.87 and a beta of 0.53.
Altria Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
A number of research firms recently issued reports on MO. Jefferies Group set a $72.00 target price on Altria Group and gave the company a “hold” rating in a research note on Friday, November 17th. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.65 target price on the stock. in a research note on Monday, November 13th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Tuesday, February 6th. Piper Jaffray Companies upped their target price on Altria Group from $76.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Edward Jones raised Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $73.66.
In other Altria Group news, CEO Craig A. Johnson sold 14,953 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 64,809 shares in the company, valued at approximately $4,315,631.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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