Trust Co. of Vermont Trims Stake in Altria Group Inc (MO)
Trust Co. of Vermont cut its stake in shares of Altria Group Inc (NYSE:MO) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,053 shares of the company’s stock after selling 2,139 shares during the quarter. Trust Co. of Vermont’s holdings in Altria Group were worth $4,074,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Altria Group by 2.0% in 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 in the last quarter. BlackRock Inc. grew its position in Altria Group by 7.6% during the 2nd quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock valued at $9,496,859,000 after purchasing an additional 8,969,677 shares during the last quarter. Capital World Investors grew its position in Altria Group by 27.6% during the 2nd 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 last quarter. Bank of New York Mellon Corp grew its position in Altria Group by 7.6% during the 3rd 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 last quarter. Finally, Ameriprise Financial Inc. grew its position in Altria Group by 5.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 20,802,163 shares of the company’s stock valued at $1,550,057,000 after purchasing an additional 1,040,839 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.
In other Altria Group news, CEO Craig A. Johnson sold 14,953 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP James E. Dillard III sold 6,500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $63.13, for a total transaction of $410,345.00. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.
Altria Group Inc (NYSE:MO) opened at $62.70 on Monday. Altria Group Inc has a one year low of $60.01 and a one year 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 firm has a market cap of $118,873.08, a P/E ratio of 11.76, a PEG ratio of 1.82 and a beta of 0.63.
Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter in the prior year, the business earned $0.68 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. research analysts expect that Altria Group Inc will post 4 earnings per share for the current fiscal year.
Altria Group announced that its board has approved a share repurchase program on Thursday, February 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Thursday, March 15th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Wednesday, March 14th. This is a boost from Altria Group’s previous quarterly dividend of $0.66. Altria Group’s dividend payout ratio is 49.62%.
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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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