Gofen & Glossberg LLC IL lowered its stake in Altria Group (NYSE:MO) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,482 shares of the company’s stock after selling 400 shares during the period. Gofen & Glossberg LLC IL’s holdings in Altria Group were worth $10,147,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MO. Squarepoint Ops LLC acquired a new position in shares of Altria Group during the first quarter worth about $1,107,000. Barnett & Company Inc. acquired a new position in shares of Altria Group during the first quarter worth about $180,000. Summit Financial Wealth Advisors LLC increased its position in shares of Altria Group by 2.0% in the second quarter. Summit Financial Wealth Advisors LLC now owns 12,745 shares of the company’s stock worth $879,000 after buying an additional 250 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Altria Group by 2.3% in the second quarter. BNP Paribas Arbitrage SA now owns 1,135,650 shares of the company’s stock worth $78,314,000 after buying an additional 25,440 shares during the period. Finally, Fulton Bank N.A. increased its position in shares of Altria Group by 0.3% in the second quarter. Fulton Bank N.A. now owns 105,813 shares of the company’s stock worth $7,296,000 after buying an additional 280 shares during the period. Institutional investors and hedge funds own 60.04% of the company’s stock.

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

Altria Group (NYSE:MO) traded down 1.0666% during mid-day trading on Wednesday, hitting $64.4848. The company’s stock had a trading volume of 3,303,472 shares. The company’s 50 day moving average is $63.59 and its 200-day moving average is $65.26. The stock has a market cap of $125.87 billion, a P/E ratio of 24.2424 and a beta of 0.57. Altria Group has a 52-week low of $56.15 and a 52-week high of $70.15.

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

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MO has been the subject of a number of recent analyst reports. Vetr downgraded Altria Group from a “buy” rating to a “hold” rating and set a $68.29 price objective for the company. in a research note on Tuesday, November 1st. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $68.00 price target (down previously from $69.00) on shares of Altria Group in a research report on Saturday, October 15th. Citigroup Inc. reaffirmed a “buy” rating and set a $72.00 price target on shares of Altria Group in a research report on Monday, September 26th. dropped their price target on Altria Group from $69.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, September 15th. Finally, Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $69.46.

In related news, CEO Martin J. Barrington sold 15,960 shares of Altria Group stock in a transaction on Monday, October 31st. The stock was sold at an average price of $65.85, for a total value of $1,050,966.00. Following the completion of the sale, the chief executive officer now owns 833,577 shares of the company’s stock, valued at $54,891,045.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.15% of the stock is owned by corporate insiders.

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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