Altria Group, Inc. (NYSE:MO) enjoyed a 14.39% run-up in share price since hitting record low of $42.4. The stock managed -3.6% fall and now stands at $48.5 as of 7/30/2019. At a recent session, the prices were hovering between $47.35 and $49.67. This company shares are 20.14% off its target price of $58.27 and the current market capitalization stands at $90.89B. The recent change has given its price a -3.04% deficit over SMA 50 and -26.56% deficit over its 52-week high. The stock witnessed 2.43% gains, -10.73% declines and 5.64% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MO’s volatility during a week at 2.28% and during a month it has been found around 1.86%.
What Does Altria Group, Inc. (MO) Do?
The company describes itself in regulatory filings as, “Altria Group, Inc. is a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Smokeless Products, and Wine. The Smokeable Products segment comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton. The Smokeless products segment manufactured and sold by or on behalf of USSTC and PM USA. The Wine segment producer of Washington State wines, primarily Chateau Ste. Michelle and Columbia Crest, and owns wineries in or distributes wines from several other wine regions. The company was founded in 1919 and is headquartered in Richmond, VA.” [Text can be found here: https://www.marketwatch.com/investing/stock/MO/profile under company description.]Altria Group, Inc. (MO) Top Holders
Institutional investors currently hold around $60.54 billion or 65.7% in MO stock. Look at its top three institutional owners: Vanguard Group Inc owns $7.37 billion in Altria Group, Inc., which represents roughly 8.11% of the company’s market cap and approximately 12.18% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 141,633,474 shares of the stock are valued at $7.13 billion. The third largest holder is Fmr Llc, which currently holds $3.96 billion worth of this stock and that ownership represents nearly 4.36% of its market capitalization.
At the end of March reporting period, 744 institutional holders increased their position in Altria Group, Inc. (NYSE:MO) by some 121,175,018 shares, 869 decreased positions by 117,898,089 and 202 held positions by 964,258,882. That puts total institutional holdings at 1,203,000,000 shares, according to SEC filings. The stock grabbed 128 new institutional investments totaling 2,930,204 shares while 130 institutional investors sold out their entire positions totaling 12,375,848 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 VP, Corp.Secy. & Assoc. GC SURGNER W HILDEBRANDT JR has sold 2,000 shares of Altria Group, Inc. (MO) in the trading session dated May. 22, 2019. These shares are worth $104,960 and were traded at $52.48 each. The SEC filing shows that Begley Jody L performed a sale of 3,250 shares. The SVP, Tobacco Products disposed these shares by way of transaction on May. 02, 2019. The company’s shares were given away at $53.38 per share worth to an income of some $173,485 to the account of Begley Jody L.
Director, Sakkab Nabil Y, purchased 1,032 common shares of Altria Group, Inc. (MO) in the open market. In a transaction dated Feb. 21, 2019, the shares were bought at an average price of $50.42, giving away a sum of $52,033. After this purchase, 38,308 common shares of MO are directly owned by the insider, with total stake valued at $1,857,938.
In the transaction dated Aug. 29, 2018, a great number of shares sold came courtesy the Director; DEVITRE DINYAR S disposed a total of 3,165 shares at an average price of $58.44, amounting to approximately $184,963. The insider now directly owns 91,075 shares worth $4,417,138.Altria Group, Inc. (MO) Analyst Guide
Several analysts have released their opinion on Altria Group, Inc. (NYSE:MO), with 5 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 4 buy, 1 sell and 1 strong sell ratings, collectively assigning a 2.31 average brokerage recommendation [T1].