Pensions

British Airways Pensions Investment Management Ltd Has $52.05 Million Stake in Altria Group (NYSE:MO)

British Airways Pensions Investment Management Ltd raised its position in shares of Altria Group (NYSE:MO) by 117.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 729,199 shares of the company’s stock after buying an additional 393,464 shares during the period. Altria Group comprises approximately 1.6% of British Airways Pensions Investment Management Ltd’s investment portfolio, making the stock its 15th largest position. British Airways Pensions Investment Management Ltd’s holdings in Altria Group were worth $52,052,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Advantage Investment Management LLC acquired a new position in Altria Group during the fourth quarter valued at about $116,000. Feltz Wealth PLAN Inc. acquired a new position in Altria Group during the first quarter valued at about $134,000. Acropolis Investment Management LLC raised its position in Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock valued at $138,000 after buying an additional 5 shares in the last quarter. Zions Bancorporation raised its position in Altria Group by 4.3% in the fourth quarter. Zions Bancorporation now owns 2,428 shares of the company’s stock valued at $164,000 after buying an additional 99 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in Altria Group during the fourth quarter valued at about $176,000. 61.99% of the stock is owned by institutional investors and hedge funds.

Altria Group (NYSE MO) opened at 73.42 on Monday. The company has a market cap of $142.36 billion, a PE ratio of 9.94 and a beta of 0.64. Altria Group has a 1-year low of $60.82 and a 1-year high of $77.79. The company has a 50-day moving average price of $75.10 and a 200-day moving average price of $72.87.

Altria Group (NYSE:MO) last released its quarterly earnings results on Tuesday, May 2nd. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The firm had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.63 billion. Altria Group had a net margin of 55.99% and a return on equity of 76.43%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 EPS. On average, analysts expect that Altria Group will post $3.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Thursday, June 15th were given a dividend of $0.61 per share. The ex-dividend date was Tuesday, June 13th. This represents a $2.44 annualized dividend and a yield of 3.32%. Altria Group’s dividend payout ratio is presently 33.02%.

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Several equities analysts have recently issued reports on the company. Piper Jaffray Companies started coverage on Altria Group in a report on Wednesday, May 24th. They issued an “overweight” rating and a $76.00 target price for the company. Zacks Investment Research downgraded Altria Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Cowen and Company reiterated a “hold” rating and issued a $74.00 price objective on shares of Altria Group in a research note on Tuesday, July 11th. BidaskClub downgraded Altria Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $70.00 price objective (down previously from $71.00) on shares of Altria Group in a research note on Monday, July 17th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.34.

In related news, Director George Munoz sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total transaction of $361,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dinyar S. Devitre sold 4,285 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $70.72, for a total transaction of $303,035.20. Following the sale, the director now owns 112,457 shares in the company, valued at approximately $7,952,959.04. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

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.

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

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