Advisory Research Inc. continued to hold its position in Altria Group (NYSE:MO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,172 shares of the company’s stock at the close of the 2nd quarter. Advisory Research Inc.’s holdings in Altria Group were worth $1,441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MO. Bellwether Investment Group LLC increased 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 worth $331,000 after purchasing an additional 12 shares during the period. Lafayette Investments Inc. increased 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 worth $276,000 after purchasing an additional 25 shares during the period. Cheviot Value Management LLC increased its position in shares of Altria Group by 1.0% in the second quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock worth $218,000 after purchasing an additional 28 shares during the period. YorkBridge Wealth Partners LLC increased its position in shares of Altria Group by 0.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 4,912 shares of the company’s stock worth $366,000 after purchasing an additional 28 shares during the period. Finally, Thompson Davis & CO. Inc. increased 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 worth $429,000 after purchasing an additional 29 shares during the period. 62.70% of the stock is owned by institutional investors.

In other news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction dated Thursday, September 21st. The stock was 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 available through this hyperlink. Company insiders own 0.11% of the company’s stock.

MO has been the topic of a number of recent analyst reports. Jefferies Group set a $67.00 price target on Altria Group and gave the stock a “hold” rating in a research report on Thursday, August 24th. BidaskClub cut Altria Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Vetr cut 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. Cowen reiterated a “hold” rating on shares of Altria Group in a research report on Sunday, September 10th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $62.00 target price on shares of Altria Group in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Altria Group presently has an average rating of “Hold” and an average price target of $72.64.

Altria Group (NYSE MO) traded up $0.11 during trading on Tuesday, reaching $71.65. The company’s stock had a trading volume of 4,400,000 shares, compared to its average volume of 6,787,772. Altria Group has a 1 year low of $60.01 and a 1 year high of $77.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. The company has a market capitalization of $136,511.91, a PE ratio of 22.64, a PEG ratio of 2.92 and a beta of 0.62.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. The business’s revenue for the quarter 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.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date 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.

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

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