Traders Sell Shares of Altria Group (MO) on Strength (MO)

Traders sold shares of Altria Group Inc (NYSE:MO) on strength during trading on Monday. $46.32 million flowed into the stock on the tick-up and $84.73 million flowed out of the stock on the tick-down, for a money net flow of $38.41 million out of the stock. Of all stocks tracked, Altria Group had the 22nd highest net out-flow for the day. Altria Group traded up $0.38 for the day and closed at $56.94

A number of equities analysts have recently weighed in on MO shares. Citigroup lowered Altria Group from a “neutral” rating to a “sell” rating in a research note on Friday, December 21st. Morgan Stanley lowered Altria Group from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 22nd. Cowen lowered Altria Group from an “outperform” rating to a “market perform” rating in a research note on Monday, January 7th. TheStreet lowered Altria Group from a “b-” rating to a “c+” rating in a research note on Monday, January 7th. Finally, Deutsche Bank lowered their target price on Altria Group from $62.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, December 21st. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Altria Group presently has an average rating of “Hold” and an average target price of $63.11.

The company has a debt-to-equity ratio of 0.80, a current ratio of 0.20 and a quick ratio of 0.09. The company has a market cap of $104.82 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.60 and a beta of 0.39.



Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 31st. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. Altria Group had a return on equity of 49.05% and a net margin of 27.45%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter last year, the company posted $0.91 EPS. On average, equities analysts expect that Altria Group Inc will post 4.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be paid a $0.80 dividend. The ex-dividend date is Friday, March 22nd. This represents a $3.20 annualized dividend and a dividend yield of 5.62%. Altria Group’s payout ratio is 80.20%.

In other news, Director Nabil Y. Sakkab acquired 1,032 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were bought at an average price of $50.42 per share, with a total value of $52,033.44. Following the acquisition, the director now directly owns 38,308 shares in the company, valued at approximately $1,931,489.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ivan S. Feldman sold 6,802 shares of the firm’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $51.18, for a total value of $348,126.36. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baugh & Associates LLC lifted its holdings in Altria Group by 0.6% during the 4th quarter. Baugh & Associates LLC now owns 58,985 shares of the company’s stock worth $2,913,000 after buying an additional 360 shares during the period. CX Institutional lifted its holdings in Altria Group by 45.9% during the 4th quarter. CX Institutional now owns 36,512 shares of the company’s stock worth $1,803,000 after buying an additional 11,479 shares during the period. Waller Financial Planning Group Inc. acquired a new position in Altria Group during the 4th quarter worth about $277,000. Dean Investment Associates LLC lifted its holdings in Altria Group by 7.0% during the 4th quarter. Dean Investment Associates LLC now owns 37,281 shares of the company’s stock worth $1,841,000 after buying an additional 2,451 shares during the period. Finally, Cooper Financial Group acquired a new position in Altria Group during the 4th quarter worth about $265,000. 64.28% of the stock is currently owned by institutional investors.

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About Altria Group (NYSE:MO)

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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