Thomas White International Ltd. held its position in shares of Altria Group (NYSE:MO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,190 shares of the company’s stock at the end of the 2nd quarter. Thomas White International Ltd.’s holdings in Altria Group were worth $684,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Baystate Wealth Management LLC lifted its position in shares of Altria Group by 0.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 3,675 shares of the company’s stock valued at $270,000 after acquiring an additional 10 shares in the last quarter. Bellwether Investment Group LLC lifted its position in shares of Altria Group by 0.3% in the 2nd quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock valued at $331,000 after acquiring an additional 12 shares in the last quarter. Lafayette Investments Inc. lifted its position in shares of Altria Group by 0.7% in the 1st quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock valued at $276,000 after acquiring an additional 25 shares in the last quarter. JJJ Advisors Inc. lifted its position in shares of Altria Group by 0.8% in the 1st quarter. JJJ Advisors Inc. now owns 3,702 shares of the company’s stock valued at $264,000 after acquiring an additional 29 shares in the last quarter. Finally, AT Bancorp lifted its position in shares of Altria Group by 0.3% in the 1st quarter. AT Bancorp now owns 10,545 shares of the company’s stock valued at $753,000 after acquiring an additional 29 shares in the last quarter. 62.37% of the stock is owned by institutional investors and hedge funds.

Altria Group (NYSE MO) opened at $66.42 on Monday. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79. The company has a market cap of $126,741.97, a price-to-earnings ratio of 21.02, a PEG ratio of 2.71 and a beta of 0.60. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the prior year, the business posted $0.82 EPS. Altria Group’s quarterly revenue was down 1.8% on a year-over-year basis. research analysts forecast that Altria Group will post 3.28 earnings per share for the current 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 outstanding shares. This buyback authorization allows the company to reacquire up to 0.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

MO has been the subject of several research analyst reports. BidaskClub downgraded shares of Altria Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Wednesday, October 11th. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price target for the company in a research report on Tuesday, October 24th. Wells Fargo & Company restated an “outperform” rating and issued a $80.00 price target on shares of Altria Group in a research report on Monday, July 31st. Finally, Cowen and Company upgraded shares of Altria Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $64.00 to $71.00 in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $72.38.

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In other news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction on Thursday, September 21st. The shares were 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.11% of the company’s stock.

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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