Carnegie Capital Asset Management LLC boosted its holdings in Altria Group (NYSE:MO) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,995 shares of the company’s stock after acquiring an additional 1,177 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Altria Group were worth $1,441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Doliver Capital Advisors LP acquired a new stake in shares of Altria Group in the second quarter valued at approximately $2,930,000. Stifel Financial Corp increased its stake in shares of Altria Group by 1.9% in the second quarter. Stifel Financial Corp now owns 845,526 shares of the company’s stock valued at $62,906,000 after purchasing an additional 15,715 shares during the period. Legg Mason Asset Management Japan Co. Ltd. increased its stake in shares of Altria Group by 84.3% in the second quarter. Legg Mason Asset Management Japan Co. Ltd. now owns 28,200 shares of the company’s stock valued at $2,100,000 after purchasing an additional 12,900 shares during the period. Summit Financial Wealth Advisors LLC increased its stake in shares of Altria Group by 91.2% in the second quarter. Summit Financial Wealth Advisors LLC now owns 20,676 shares of the company’s stock valued at $1,540,000 after purchasing an additional 9,860 shares during the period. Finally, Numeric Investors LLC acquired a new stake in shares of Altria Group in the second quarter valued at approximately $611,000. 62.70% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on the stock. Berenberg Bank restated a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. UBS dropped their price target on shares of Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Cowen restated a “hold” rating on shares of Altria Group in a research note on Sunday, September 10th. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price target on the stock in a research note on Tuesday, October 24th. Finally, Citigroup dropped their price target on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $72.90.

In related news, Director Dinyar S. Devitre sold 32,000 shares of the firm’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 transaction of $1,959,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

Altria Group (MO) opened at $71.54 on Friday. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. The company has a market cap of $136,511.91, a P/E ratio of 22.64, a P/E/G ratio of 2.92 and a beta of 0.62.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating the Zacks’ 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 business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter last year, the business earned $0.82 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. research analysts expect that Altria Group will post 3.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s payout ratio is 33.04%.

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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.

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

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