Altria Group Inc (NYSE:MO) SVP James E. Dillard III sold 6,500 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $63.13, for a total transaction of $410,345.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Altria Group Inc (NYSE MO) opened at $65.64 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.31 and a current ratio of 0.64. Altria Group Inc has a 1 year low of $60.01 and a 1 year high of $77.79. The firm has a market cap of $124,700.21, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.90 and a beta of 0.53.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The business had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. equities research analysts expect that Altria Group Inc will post 4 EPS for the current fiscal year.

Altria Group announced that its Board of Directors has initiated a share buyback plan on Thursday, February 1st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Several equities research analysts recently weighed in on MO shares. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price target on the stock in a research report on Tuesday, October 24th. Piper Jaffray Companies reiterated a “buy” rating and set a $76.00 price objective on shares of Altria Group in a research report on Friday, October 27th. UBS Group cut their price objective on shares of Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Citigroup cut their price objective on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $73.66.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Altria Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock valued at $10,129,659,000 after purchasing an additional 2,690,270 shares during the period. BlackRock Inc. boosted its stake in shares of Altria Group by 0.8% during the fourth quarter. BlackRock Inc. now owns 135,404,376 shares of the company’s stock valued at $9,669,229,000 after purchasing an additional 1,140,353 shares during the period. Capital World Investors boosted its stake in shares of Altria Group by 27.6% during the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock valued at $3,065,018,000 after purchasing an additional 8,914,575 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Altria Group by 7.6% during the third quarter. Bank of New York Mellon Corp now owns 21,970,538 shares of the company’s stock valued at $1,393,372,000 after purchasing an additional 1,561,120 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Altria Group by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 21,709,187 shares of the company’s stock valued at $1,547,228,000 after purchasing an additional 629,732 shares during the period. 62.61% of the stock is owned by hedge funds and other institutional investors.

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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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