Hochman Cole Investment Advisors Inc. raised its position in shares of Altria Group (NYSE:MO) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,746 shares of the company’s stock after buying an additional 3 shares during the period. Hochman Cole Investment Advisors Inc.’s holdings in Altria Group were worth $279,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Investment Advisors Ltd. increased its position in Altria Group by 133.3% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after buying an additional 800 shares during the last quarter. Advantage Investment Management LLC bought a new position in Altria Group during the fourth quarter valued at about $116,000. Perigon Wealth Management LLC increased its position in Altria Group by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $118,000 after buying an additional 74 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Altria Group by 97.4% in the first quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock valued at $121,000 after buying an additional 821 shares during the period. Finally, Feltz Wealth PLAN Inc. acquired a new stake in shares of Altria Group during the first quarter valued at $134,000. Hedge funds and other institutional investors own 62.39% of the company’s stock.

Altria Group (MO) traded down 0.95% on Friday, hitting $63.69. 10,210,604 shares of the stock traded hands. The stock has a 50-day moving average price of $69.77 and a 200 day moving average price of $72.51. The company has a market cap of $122.79 billion, a price-to-earnings ratio of 8.40 and a beta of 0.61. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by $0.01. Altria Group had a return on equity of 59.50% and a net margin of 56.98%. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. Altria Group’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, analysts anticipate that Altria Group will post $3.26 EPS for the current fiscal year.

Altria Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 27th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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Several brokerages have recently weighed in on MO. BidaskClub lowered shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Cowen and Company restated a “hold” rating and issued a $74.00 price target on shares of Altria Group in a research report on Tuesday, July 11th. Zacks Investment Research lowered shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Piper Jaffray Companies started coverage on shares of Altria Group in a research report on Wednesday, May 24th. They issued an “overweight” rating and a $76.00 price target on the stock. Finally, Jefferies Group LLC restated a “hold” rating and issued a $70.00 price target (down from $71.00) on shares of Altria Group in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $72.66.

In related news, Director George Munoz sold 5,000 shares of Altria Group stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $72.35, for a total value of $361,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Martin J. Barrington sold 15,300 shares of Altria Group stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $65.03, for a total value of $994,959.00. Following the completion of the sale, the chief executive officer now owns 701,074 shares of the company’s stock, valued at $45,590,842.22. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

Altria Group Company Profile

Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. 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 cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.

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

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