Fort Washington Investment Advisors Inc. OH boosted its stake in Altria Group (NYSE:MO) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,600 shares of the company’s stock after purchasing an additional 450 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Altria Group were worth $1,162,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Baystate Wealth Management LLC grew its position in shares of Altria Group by 0.3% during 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 during the period. Bellwether Investment Group LLC grew its position in shares of Altria Group by 0.3% during 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 during the period. Lafayette Investments Inc. grew its position in shares of Altria Group by 0.7% during 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 during the period. Thompson Davis & CO. Inc. grew its position in shares of Altria Group by 0.5% during the 2nd 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, Private Asset Management Inc. grew its position in shares of Altria Group by 0.5% during the 2nd quarter. Private Asset Management Inc. now owns 6,623 shares of the company’s stock valued at $493,000 after acquiring an additional 32 shares during the period. 62.70% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on MO shares. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price objective for the company. in a research report on Friday, October 13th. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Wednesday, October 11th. Piper Jaffray Companies reissued a “buy” rating and set a $76.00 price objective on shares of Altria Group in a research report on Friday, October 27th. 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 report on Monday, October 30th. Finally, Edward Jones raised shares of Altria Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $72.90.

In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction 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 legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

Shares of Altria Group (NYSE MO) traded up $0.10 during trading on Wednesday, reaching $70.18. 8,431,801 shares of the company traded hands, compared to its average volume of 6,795,125. The company has a market cap of $133,725.95, a P/E ratio of 22.18, a P/E/G ratio of 2.86 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. Altria Group has a one year low of $60.01 and a one year high of $77.79.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. Altria Group’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. analysts anticipate that Altria Group will post 3.28 earnings per share for the current fiscal year.

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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.

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

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