Altria Group Inc (MO) Shares Sold by NEXT Financial Group Inc
NEXT Financial Group Inc cut its holdings in Altria Group Inc (NYSE:MO) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,208 shares of the company’s stock after selling 1,086 shares during the quarter. Altria Group comprises 1.3% of NEXT Financial Group Inc’s holdings, making the stock its 13th biggest position. NEXT Financial Group Inc’s holdings in Altria Group were worth $2,943,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Private Trust Co. NA grew its position in shares of Altria Group by 1.1% in the 4th quarter. Private Trust Co. NA now owns 77,846 shares of the company’s stock valued at $5,558,000 after purchasing an additional 811 shares during the period. First United Bank Trust acquired a new position in shares of Altria Group in the 4th quarter valued at approximately $225,000. USS Investment Management Ltd acquired a new position in shares of Altria Group in the 4th quarter valued at approximately $269,661,000. Oakmont Partners LLC acquired a new position in shares of Altria Group in the 4th quarter valued at approximately $226,000. Finally, Oliver Luxxe Assets LLC grew its position in shares of Altria Group by 68.6% in the 4th quarter. Oliver Luxxe Assets LLC now owns 29,698 shares of the company’s stock valued at $2,121,000 after purchasing an additional 12,088 shares during the period. Institutional investors and hedge funds own 62.61% of the company’s stock.
In other news, CEO Craig A. Johnson sold 14,953 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $66.59, for a total transaction of $995,720.27. Following the sale, the chief executive officer now owns 64,809 shares in the company, valued at approximately $4,315,631.31. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.11% of the company’s stock.
Shares of Altria Group Inc (MO) opened at $65.35 on Tuesday. The company has a market capitalization of $124,700.00, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 1.87 and a beta of 0.53. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.64 and a quick ratio of 0.31. Altria Group Inc has a 12 month low of $60.01 and a 12 month high of $77.79.
Altria Group (NYSE:MO) last released its earnings results on Thursday, February 1st. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 EPS. equities research analysts expect that Altria Group Inc will post 4 earnings per share for the current fiscal year.
Altria Group announced that its Board of Directors has initiated a share repurchase program on Thursday, February 1st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
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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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