Millennium Management LLC Has $13.72 Million Stake in Altria Group Inc (MO)

Millennium Management LLC reduced its stake in shares of Altria Group Inc (NYSE:MO) by 73.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 277,863 shares of the company’s stock after selling 749,590 shares during the period. Millennium Management LLC’s holdings in Altria Group were worth $13,724,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Litman Gregory Asset Management LLC bought a new position in shares of Altria Group during the 4th quarter worth approximately $30,000. Clean Yield Group bought a new position in shares of Altria Group during the 4th quarter worth approximately $32,000. Transamerica Financial Advisors Inc. grew its stake in shares of Altria Group by 627.6% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 713 shares of the company’s stock valued at $36,000 after buying an additional 615 shares in the last quarter. Sontag Advisory LLC bought a new position in shares of Altria Group in the fourth quarter valued at $50,000. Finally, Massey Quick Simon & CO. LLC grew its stake in shares of Altria Group by 631.3% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 1,097 shares of the company’s stock valued at $54,000 after buying an additional 947 shares in the last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Shares of NYSE:MO traded up $0.11 during midday trading on Wednesday, hitting $56.50. 588,702 shares of the stock were exchanged, compared to its average volume of 8,869,110. The stock has a market cap of $105.59 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.63 and a beta of 0.39. The company has a current ratio of 0.20, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80. Altria Group Inc has a 12 month low of $42.40 and a 12 month high of $66.04.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 31st. The company reported $0.95 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Altria Group had a return on equity of 49.05% and a net margin of 27.45%. During the same period in the previous year, the business posted $0.91 earnings per share. As a group, equities analysts forecast that Altria Group Inc will post 4.2 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend is Friday, March 22nd. Altria Group’s dividend payout ratio (DPR) is currently 80.20%.

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

Several equities analysts recently weighed in on MO shares. TheStreet raised shares of Altria Group from a “c+” rating to a “b-” rating in a research note on Friday, March 29th. Cowen downgraded Altria Group from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Citigroup set a $52.00 price target on Altria Group and gave the company a “sell” rating in a report on Thursday, March 28th. Morgan Stanley raised their price target on Altria Group from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Monday. Finally, ValuEngine downgraded Altria Group from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $63.11.

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Altria Group Profile

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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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