Pensions

British Airways Pensions Investment Management Ltd Raises Position in Altria Group (MO)

British Airways Pensions Investment Management Ltd increased its position in shares of Altria Group (NYSE:MO) by 117.2% during the first quarter, according to its most recent disclosure 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 accounts for approximately 1.6% of British Airways Pensions Investment Management Ltd’s holdings, 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.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Acropolis Investment Management LLC boosted its position in shares of 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. Mascoma Wealth Management LLC raised its position in shares of Altria Group by 0.3% in the first quarter. Mascoma Wealth Management LLC now owns 2,701 shares of the company’s stock valued at $193,000 after buying an additional 8 shares during the last quarter. HM Capital Management LLC raised its position in shares of Altria Group by 0.3% in the first quarter. HM Capital Management LLC now owns 3,435 shares of the company’s stock valued at $245,000 after buying an additional 9 shares during the last quarter. First United Bank Trust raised its stake in shares of Altria Group by 1.0% in the first quarter. First United Bank Trust now owns 2,999 shares of the company’s stock worth $214,000 after buying an additional 30 shares in the last quarter. Finally, Stillwater Investment Management LLC raised its stake in shares of Altria Group by 0.8% in the first quarter. Stillwater Investment Management LLC now owns 4,203 shares of the company’s stock worth $300,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 61.99% of the company’s stock.

Shares of Altria Group (NYSE MO) opened at 73.42 on Monday. Altria Group has a 52-week low of $60.82 and a 52-week high of $77.79. The stock has a market cap of $142.36 billion, a P/E ratio of 9.94 and a beta of 0.64. The firm’s 50-day moving average price is $75.10 and its 200-day moving average price is $72.87.

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

The business also recently announced a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Thursday, June 15th were given a $0.61 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $2.44 annualized dividend and a dividend yield of 3.32%. Altria Group’s dividend payout ratio (DPR) is 33.02%.

ILLEGAL ACTIVITY NOTICE: This piece was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/07/24/british-airways-pensions-investment-management-ltd-acquires-393464-shares-of-altria-group-mo-updated.html.

MO has been the subject of a number of recent research reports. Jefferies Group LLC reissued a “hold” rating and set a $70.00 price objective (down from $71.00) on shares of Altria Group in a report on Monday, July 17th. BidaskClub lowered Altria Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Cowen and Company reaffirmed a “hold” rating and issued a $74.00 target price on shares of Altria Group in a report on Tuesday, July 11th. Finally, Vetr lowered Altria Group from a “buy” rating to a “hold” rating and set a $80.38 price objective for the company. in a report on Monday, June 19th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $72.34.

In other Altria Group news, Director Dinyar S. Devitre sold 4,285 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 112,457 shares in the company, valued at approximately $7,952,959.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George Munoz sold 5,000 shares of the company’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 disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.

About Altria Group

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)

Receive News & Stock Ratings for Altria Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Altria Group and related stocks with our FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

4 × one =