Altria Group (MO) Shares Sold by Bank of Hawaii
Bank of Hawaii reduced its position in Altria Group (NYSE:MO) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,023 shares of the company’s stock after selling 6,813 shares during the period. Altria Group accounts for about 0.8% of Bank of Hawaii’s investment portfolio, making the stock its 28th biggest position. Bank of Hawaii’s holdings in Altria Group were worth $9,460,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board grew its stake in shares of Altria Group by 8.9% during the second quarter. Ontario Teachers Pension Plan Board now owns 548,177 shares of the company’s stock valued at $40,823,000 after buying an additional 45,030 shares during the last quarter. Cheviot Value Management LLC grew its stake in shares of Altria Group by 1.0% during the second quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock valued at $218,000 after buying an additional 28 shares during the last quarter. Veritable L.P. grew its stake in shares of Altria Group by 1.7% during the second quarter. Veritable L.P. now owns 135,126 shares of the company’s stock valued at $10,063,000 after buying an additional 2,305 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Altria Group by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,451,014 shares of the company’s stock valued at $331,467,000 after buying an additional 128,754 shares during the last quarter. Finally, Hancock Holding Co. grew its stake in shares of Altria Group by 9.1% during the second quarter. Hancock Holding Co. now owns 23,457 shares of the company’s stock valued at $1,747,000 after buying an additional 1,964 shares during the last quarter. Institutional investors own 62.70% of the company’s stock.
In other news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company’s stock.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. Altria Group’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. equities analysts forecast that Altria Group will post 3.28 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.69%. Altria Group’s dividend payout ratio is presently 33.04%.
Several brokerages recently issued reports on MO. Berenberg Bank reissued a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. UBS dropped their price objective on Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Cowen reissued a “hold” rating on shares of Altria Group in a research note on Sunday, September 10th. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price objective on the stock in a research note on Tuesday, October 24th. Finally, Citigroup dropped their price objective on Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $72.90.
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Altria Group Company 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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