Noesis Capital Mangement Corp reduced its position in Altria Group (NYSE:MO) by 0.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,246 shares of the company’s stock after selling 165 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Altria Group were worth $1,731,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC boosted its position in shares of Altria Group by 0.3% in the second 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 during the period. Bellwether Investment Group LLC boosted its position in shares of Altria Group by 0.3% in the second 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 during the period. Lafayette Investments Inc. boosted its position in shares of Altria Group by 0.7% in the first quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock valued at $276,000 after acquiring an additional 25 shares during the period. Thompson Davis & CO. Inc. boosted its position in shares of Altria Group by 0.5% in the second quarter. Thompson Davis & CO. Inc. now owns 5,757 shares of the company’s stock valued at $429,000 after acquiring an additional 29 shares during the period. Finally, Advantage Investment Management LLC lifted its position in Altria Group by 1.9% during the first quarter. Advantage Investment Management LLC now owns 1,752 shares of the company’s stock valued at $125,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 62.69% of the company’s stock.

Shares of Altria Group (NYSE MO) opened at $68.58 on Friday. The firm has a market cap of $129,422.98, a P/E ratio of 21.46, a PEG ratio of 2.77 and a beta of 0.62. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 EPS. research analysts predict that Altria Group will post 3.28 earnings per share for the current year.

In other news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

Several brokerages have issued reports on MO. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. UBS dropped their target price on shares of Altria Group from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Cowen reiterated a “hold” rating on shares of Altria Group in a research report on Sunday, September 10th. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 target price for the company in a research report on Tuesday, October 24th. Finally, Citigroup dropped their target price on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. Altria Group presently has a consensus rating of “Buy” and a consensus price target of $72.90.

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Altria Group 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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