Camarda Financial Advisors LLC held its position in shares of Altria Group (NYSE:MO) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,176 shares of the company’s stock at the close of the second quarter. Camarda Financial Advisors LLC’s holdings in Altria Group were worth $162,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MO. Waldron LP grew its stake in shares of Altria Group by 17.1% in the first quarter. Waldron LP now owns 26,627 shares of the company’s stock valued at $1,901,000 after acquiring an additional 3,896 shares in the last quarter. UMB Bank N A MO grew its stake in shares of Altria Group by 9.1% in the first quarter. UMB Bank N A MO now owns 30,889 shares of the company’s stock valued at $2,206,000 after acquiring an additional 2,580 shares in the last quarter. Harwood Advisory Group LLC grew its stake in shares of Altria Group by 29.1% in the first quarter. Harwood Advisory Group LLC now owns 4,570 shares of the company’s stock valued at $326,000 after acquiring an additional 1,029 shares in the last quarter. REDW Stanley Financial Advisors LLC grew its stake in shares of Altria Group by 1.5% in the first quarter. REDW Stanley Financial Advisors LLC now owns 5,443 shares of the company’s stock valued at $389,000 after acquiring an additional 78 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Altria Group by 0.5% in the first quarter. Fisher Asset Management LLC now owns 70,810 shares of the company’s stock valued at $5,057,000 after acquiring an additional 346 shares in the last quarter. Institutional investors and hedge funds own 61.85% of the company’s stock.

Several equities analysts recently commented on the stock. 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 note on Monday, July 17th. BidaskClub downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research note 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 note on Tuesday, July 11th. Zacks Investment Research downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Berenberg Bank set a $72.00 price target on shares of Altria Group and gave the company a “hold” rating in a research note on Sunday, August 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $71.57.

In other news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Martin J. Barrington sold 15,300 shares of the business’s 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 transaction, the chief executive officer now directly owns 701,074 shares of the company’s stock, valued at approximately $45,590,842.22. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

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Shares of Altria Group (NYSE:MO) traded up 0.44% during midday trading on Thursday, reaching $63.77. 2,419,125 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $63.30 and a 200 day moving average price of $70.04. The company has a market cap of $122.95 billion, a P/E ratio of 8.41 and a beta of 0.64. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). Altria Group had a net margin of 56.98% and a return on equity of 59.50%. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts forecast that Altria Group will post $3.26 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 15th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Altria Group’s previous quarterly dividend of $0.61. This represents a $2.64 annualized dividend and a dividend yield of 4.16%. Altria Group’s dividend payout ratio is currently 34.83%.

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.

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

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