Northstar Wealth Partners LLC reduced its position in shares of Altria Group (NYSE:MO) by 0.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,645 shares of the company’s stock after selling 8 shares during the period. Altria Group comprises 2.1% of Northstar Wealth Partners LLC’s portfolio, making the stock its 8th largest position. Northstar Wealth Partners LLC’s holdings in Altria Group were worth $2,331,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CKW Financial Group acquired a new position in shares of Altria Group during the second quarter worth $109,000. Cullen Frost Bankers Inc. lifted its position in shares of Altria Group by 1.3% during the second quarter. Cullen Frost Bankers Inc. now owns 119,144 shares of the company’s stock worth $8,872,000 after purchasing an additional 1,501 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Altria Group by 4.6% during the second quarter. Chicago Partners Investment Group LLC now owns 2,725 shares of the company’s stock worth $201,000 after purchasing an additional 119 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Altria Group by 0.3% during the second quarter. Retirement Systems of Alabama now owns 1,037,394 shares of the company’s stock worth $77,255,000 after purchasing an additional 3,489 shares in the last quarter. Finally, Capital Investment Advisory Services LLC lifted its position in shares of Altria Group by 1.0% during the second quarter. Capital Investment Advisory Services LLC now owns 14,513 shares of the company’s stock worth $1,081,000 after purchasing an additional 148 shares in the last quarter. 61.82% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts have recently commented on MO shares. Vetr cut shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 target price on the stock. in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Wednesday, October 11th. BidaskClub raised shares of Altria Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Royal Bank Of Canada raised shares of Altria Group from an “underperform” rating to a “sector perform” rating and set a $62.00 price target on the stock in a report on Monday, July 31st. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Altria Group in a report on Sunday, September 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $71.99.

Shares of Altria Group (MO) opened at 65.37 on Tuesday. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79. The company has a 50-day moving average of $63.30 and a 200 day moving average of $69.51. The firm has a market capitalization of $126.03 billion, a PE ratio of 8.62 and a beta of 0.64.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, missing the 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 business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the prior year, the company posted $0.81 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Altria Group will post $3.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Friday, September 15th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.04%. This is a boost from Altria Group’s previous quarterly dividend of $0.61. The ex-dividend date was Thursday, September 14th. Altria Group’s dividend payout ratio is currently 34.83%.

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

In other news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Martin J. Barrington sold 15,300 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were 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 directly owns 701,074 shares of the company’s stock, valued at $45,590,842.22. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate 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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