Securian Asset Management Inc Increases Position in Altria Group Inc (NYSE:MO)

Securian Asset Management Inc raised its position in Altria Group Inc (NYSE:MO) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,843 shares of the company’s stock after purchasing an additional 1,517 shares during the quarter. Securian Asset Management Inc’s holdings in Altria Group were worth $11,018,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Telemus Capital LLC boosted its stake in shares of Altria Group by 0.7% during the 4th quarter. Telemus Capital LLC now owns 29,218 shares of the company’s stock worth $1,443,000 after acquiring an additional 207 shares in the last quarter. Intellectus Partners LLC lifted its holdings in shares of Altria Group by 3.7% in the fourth quarter. Intellectus Partners LLC now owns 5,977 shares of the company’s stock valued at $300,000 after purchasing an additional 211 shares in the last quarter. Abner Herrman & Brock LLC lifted its holdings in shares of Altria Group by 2.3% in the first quarter. Abner Herrman & Brock LLC now owns 9,426 shares of the company’s stock valued at $541,000 after purchasing an additional 213 shares in the last quarter. Riverview Trust Co lifted its holdings in shares of Altria Group by 7.5% in the first quarter. Riverview Trust Co now owns 3,084 shares of the company’s stock valued at $177,000 after purchasing an additional 214 shares in the last quarter. Finally, Wiley BROS. Aintree Capital LLC lifted its holdings in shares of Altria Group by 3.5% in the first quarter. Wiley BROS. Aintree Capital LLC now owns 6,535 shares of the company’s stock valued at $375,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 64.49% of the company’s stock.

In other news, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of Altria Group stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $52.48, for a total value of $104,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jody L. Begley sold 3,250 shares of Altria Group stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $53.38, for a total transaction of $173,485.00. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

MO stock traded down $0.35 during trading on Friday, reaching $50.86. 4,679,639 shares of the stock were exchanged, compared to its average volume of 10,301,417. Altria Group Inc has a twelve month low of $42.40 and a twelve month high of $66.04. The company has a market cap of $96.52 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.62 and a beta of 0.44. The company has a quick ratio of 0.39, a current ratio of 0.62 and a debt-to-equity ratio of 1.92.

Altria Group (NYSE:MO) last released its earnings results on Thursday, April 25th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.60 billion. Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share. On average, equities research analysts anticipate that Altria Group Inc will post 4.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date of this dividend is Thursday, June 13th. Altria Group’s dividend payout ratio is 80.20%.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Bank of America increased their target price on Altria Group from $56.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. TheStreet upgraded Altria Group from a “c+” rating to a “b-” rating in a report on Friday, March 29th. ValuEngine lowered Altria Group from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Finally, Morgan Stanley increased their price objective on Altria Group from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Monday, April 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $61.91.

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About Altria Group

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.

Further Reading: Yield Curve

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

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