M Holdings Securities Inc. decreased its position in shares of Altria Group (NYSE:MO) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,567 shares of the company’s stock after selling 362 shares during the period. M Holdings Securities Inc.’s holdings in Altria Group were worth $1,112,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rathbone Brothers plc boosted its position in shares of Altria Group by 21.9% in the first quarter. Rathbone Brothers plc now owns 506,475 shares of the company’s stock worth $36,172,000 after buying an additional 91,100 shares during the period. Atlas Brown Inc. boosted its position in shares of Altria Group by 17.8% in the first quarter. Atlas Brown Inc. now owns 5,629 shares of the company’s stock worth $402,000 after buying an additional 852 shares during the period. Fulton Bank N.A. boosted its position in shares of Altria Group by 2.0% in the first quarter. Fulton Bank N.A. now owns 116,642 shares of the company’s stock worth $8,331,000 after buying an additional 2,300 shares during the period. Confluence Investment Management LLC boosted its position in shares of Altria Group by 14.0% in the first quarter. Confluence Investment Management LLC now owns 4,789 shares of the company’s stock worth $342,000 after buying an additional 587 shares during the period. Finally, West Oak Capital LLC boosted its position in shares of Altria Group by 3.7% in the first quarter. West Oak Capital LLC now owns 5,753 shares of the company’s stock worth $411,000 after buying an additional 203 shares during the period. 62.39% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group (MO) traded up 0.91% on Monday, hitting $64.27. 2,016,902 shares of the stock were exchanged. Altria Group has a one year low of $60.01 and a one year high of $77.79. The company’s 50 day moving average price is $69.77 and its 200-day moving average price is $72.51. The company has a market cap of $123.91 billion, a P/E ratio of 8.48 and a beta of 0.61.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter last year, the business posted $0.81 EPS. Altria Group’s quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts predict that Altria Group will post $3.26 EPS for the current fiscal year.

Altria Group declared that its Board of Directors has initiated a share buyback program on Thursday, July 27th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 0.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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MO has been the topic of a number of recent research reports. Vetr raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $74.89 price target on the stock in a research report on Monday, April 24th. Zacks Investment Research cut shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Piper Jaffray Companies initiated coverage on shares of Altria Group in a research report on Wednesday, May 24th. They set an “overweight” rating and a $76.00 price target on the stock. Royal Bank Of Canada reaffirmed a “sell” rating and set a $62.00 price target on shares of Altria Group in a research report on Friday, May 26th. Finally, BidaskClub raised shares of Altria Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $72.66.

In other Altria Group news, CEO Martin J. Barrington sold 15,300 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $65.03, for a total transaction of $994,959.00. Following the transaction, the chief executive officer now owns 701,074 shares in the company, valued at $45,590,842.22. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director George Munoz sold 5,000 shares of the firm’s 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 disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

About Altria Group

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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