819 Large Investors Shied Away From Altria Group, Inc. (MO)

Altria Group, Inc. (NYSE:MO) produced a 3.65% rally since recording the worst price of $52.9. Thanks to the latest -1.98% decrease, it now trades at $54.83. Throughout the trading on 11/30/2018, the share price floated between $54.54 and $56.12. This company shares are 20.04% off its target price of $65.82 and the current market capitalization stands at $105.11B. The recent change has given its price a -9.84% deficit over SMA 50 and -26.28% deficit over its 52-week high. The stock witnessed -15.7% declines, -6.31% declines and -2.12% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MO’s volatility during a week at 2.46% and during a month it has been found around 2.56%.

Altria Group, Inc. (MO) Top Holders

Institutional investors currently hold around $66.89 billion or 65.9% in MO stock. Look at its top three institutional owners. Vanguard Group Inc owns $7.75 billion in Altria Group, Inc., which represents roughly 7.38% of the company’s market cap and approximately 11.59% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 141,022,748 shares of the stock are valued at $7.73 billion. The third largest holder is Capital Research Global Investors, which currently holds $3.94 billion worth of this stock and that ownership represents nearly 3.75% of its market capitalization.

Altria Group, Inc. 13F Filings

At the end of September reporting period, 687 institutional holders increased their position in Altria Group, Inc. (NYSE:MO) by some 83,048,091 shares, 819 decreased positions by 59,609,266 and 246 held positions by 1,077,000,000. That puts total institutional holdings at 1,220,000,000 shares, according to SEC filings. The stock grabbed 103 new institutional investments totaling 2,232,836 shares while 72 institutional investors sold out their entire positions totaling 4,023,461 shares.

Altria Group, Inc. (NYSE:MO) Insider Trades

Multiple company employees have indulged in significant insider trading. Altria Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Devitre Dinyar S has sold 3,165 shares of Altria Group, Inc. (MO) in trading session dated Aug. 29, 2018. These shares are worth $184,963 and were traded at $58.44 each. The SEC filing shows that Newman Mark performed a purchase of 5,345 shares. The Director added these shares by way of transaction on Apr. 30, 2018. The company’s shares were assimilated at $56.19 per share worth to an investment of some $300,336 on account of Newman Mark.

President & CEO, USSTC, Quigley Brian W., sold 3,464 common shares of Altria Group, Inc. (MO) in the open market. In a transaction dated Mar. 02, 2018, the shares were put up for sale at an average price of $62.4, raking in a sum of $216,154. After this sale, 41,586 common shares of MO are directly owned by the insider, with total stake valued at $2,280,160.

In the transaction dated Mar. 02, 2018, the great number of shares disposed came courtesy the VP, Corp.Secy. & Assoc. GC; Surgner W Hildebrandt Jr disposed a total of 3,200 shares at an average price of $62.34, amounting to approximately $199,488. The insider now directly owns 26,832 shares worth $1,471,199.

Altria Group, Inc. (MO) Analyst Guide

Several analysts have released their opinion on Altria Group, Inc. (NYSE:MO), with 6 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 4 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.06 average brokerage recommendation.