Allred Capital Management LLC Acquires New Position in Altria Group Inc (MO)

Allred Capital Management LLC acquired a new stake in shares of Altria Group Inc (NYSE:MO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,798 shares of the company’s stock, valued at approximately $681,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Clean Yield Group purchased a new position in Altria Group during the fourth quarter worth about $32,000. Massey Quick Simon & CO. LLC lifted its position in Altria Group by 631.3% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 1,097 shares of the company’s stock worth $54,000 after buying an additional 947 shares during the period. Alpha Windward LLC lifted its position in Altria Group by 1,556.7% during the fourth quarter. Alpha Windward LLC now owns 1,110 shares of the company’s stock worth $55,000 after buying an additional 1,043 shares during the period. Atlas Capital Advisors LLC lifted its position in Altria Group by 94.1% during the fourth quarter. Atlas Capital Advisors LLC now owns 3,135 shares of the company’s stock worth $155,000 after buying an additional 1,520 shares during the period. Finally, First Command Bank lifted its position in Altria Group by 15.2% during the fourth quarter. First Command Bank now owns 3,169 shares of the company’s stock worth $156,000 after buying an additional 417 shares during the period. 65.70% of the stock is currently owned by institutional investors and hedge funds.

Altria Group stock opened at $49.00 on Thursday. The stock has a market capitalization of $93.31 billion, a PE ratio of 12.28, a PEG ratio of 1.46 and a beta of 0.36. 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 $66.53.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, January 31st. The company reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates of $0.95. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $0.91 EPS. On average, equities analysts forecast that Altria Group Inc will post 4.2 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on MO shares. ValuEngine downgraded Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. Barclays started coverage on Altria Group in a report on Friday, December 7th. They issued an “overweight” rating and a $64.00 price objective on the stock. TheStreet downgraded Altria Group from a “b-” rating to a “c+” rating in a report on Monday, January 7th. Argus raised their price objective on Altria Group from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, October 29th. Finally, Wells Fargo & Co cut their price objective on Altria Group from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Monday, November 26th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $65.86.

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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: What are catch-up contributions?

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

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