Huntington National Bank increased its stake in shares of Altria Group (NYSE:MO) by 22.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 346,108 shares of the company’s stock after buying an additional 63,497 shares during the period. Huntington National Bank’s holdings in Altria Group were worth $21,885,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. First PREMIER Bank bought a new stake in shares of Altria Group during the second quarter valued at about $103,000. First Personal Financial Services boosted its stake in shares of Altria Group by 66.3% in the second quarter. First Personal Financial Services now owns 1,603 shares of the company’s stock valued at $111,000 after buying an additional 639 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in shares of Altria Group by 26.6% in the second quarter. Tortoise Investment Management LLC now owns 1,654 shares of the company’s stock valued at $114,000 after buying an additional 348 shares in the last quarter. Isthmus Partners LLC boosted its stake in shares of Altria Group by 37.8% in the third quarter. Isthmus Partners LLC now owns 1,822 shares of the company’s stock valued at $114,000 after buying an additional 500 shares in the last quarter. Finally, Zions Bancorporation boosted its stake in shares of Altria Group by 48.4% in the second quarter. Zions Bancorporation now owns 1,971 shares of the company’s stock valued at $137,000 after buying an additional 643 shares in the last quarter. 60.04% of the stock is owned by institutional investors.

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

Shares of Altria Group (NYSE:MO) traded up 0.5496% during midday trading on Monday, hitting $64.8344. 3,309,286 shares of the stock were exchanged. Altria Group has a 12-month low of $56.15 and a 12-month high of $70.15. The firm has a market cap of $126.56 billion, a P/E ratio of 24.3738 and a beta of 0.57. The stock’s 50 day moving average is $63.51 and its 200 day moving average is $65.25.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. Altria Group had a net margin of 20.19% and a return on equity of 202.19%. The company had revenue of $6.90 billion for the quarter, compared to analyst estimates of $5.11 billion. During the same quarter in the prior year, the business posted $0.75 EPS. Altria Group’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that Altria Group will post $3.03 earnings per share for the current fiscal year.

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Several equities analysts recently weighed in on the stock. Jefferies Group assumed coverage on shares of Altria Group in a report on Wednesday, September 21st. They set a “hold” rating and a $70.00 target price on the stock. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.87 target price on the stock in a report on Monday, September 12th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Thursday, August 4th. Citigroup Inc. assumed coverage on shares of Altria Group in a report on Monday, September 12th. They set a “buy” rating and a $72.00 target price on the stock. Finally, Argus set a $73.00 target price on shares of Altria Group and gave the company a “buy” rating in a report on Monday, August 1st. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $69.94.

In other news, CEO Martin J. Barrington sold 15,960 shares of the stock in a transaction on Monday, October 31st. The shares were sold at an average price of $65.85, for a total transaction of $1,050,966.00. Following the transaction, the chief executive officer now owns 833,577 shares in the company, valued at approximately $54,891,045.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.15% of the company’s stock.

Altria Group Company Profile

Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.

5 Day Chart for NYSE:MO

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