Intl Fcstone Inc. grew its holdings in Altria Group Inc (NYSE:MO) by 268.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,148 shares of the company’s stock after acquiring an additional 29,240 shares during the period. Altria Group comprises approximately 0.9% of Intl Fcstone Inc.’s portfolio, making the stock its 9th largest position. Intl Fcstone Inc.’s holdings in Altria Group were worth $2,990,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Bellwether Investment Group LLC grew its stake in shares of Altria Group by 0.3% during 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 in the last quarter. Lafayette Investments Inc. grew its stake in shares of Altria Group by 0.7% during 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 in the last quarter. Cheviot Value Management LLC grew its stake in shares of Altria Group by 1.0% during 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 in the last quarter. YorkBridge Wealth Partners LLC grew its stake in shares of Altria Group by 0.6% during 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 in the last quarter. Finally, Thompson Davis & CO. Inc. grew its stake in shares of Altria Group by 0.5% during 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 in the last quarter. Institutional investors and hedge funds own 62.70% of the company’s stock.

In related 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

Shares of Altria Group Inc (MO) opened at $71.67 on Friday. Altria Group Inc has a 1 year low of $60.01 and a 1 year high of $77.79. The firm has a market cap of $136,988.95, a price-to-earnings ratio of 22.72, a P/E/G ratio of 2.93 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 (NYSE:MO) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Altria Group’s quarterly revenue was down 1.8% compared to the same quarter last year. equities analysts predict that Altria Group Inc will post 3.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be given a $0.66 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.68%. Altria Group’s dividend payout ratio (DPR) is presently 33.04%.

A number of equities analysts recently commented on MO shares. Piper Jaffray Companies reiterated a “buy” rating and set a $76.00 target price on shares of Altria Group in a research note on Friday, October 27th. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 target price for the company. in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Wednesday, October 11th. Citigroup lowered 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 note on Monday, October 30th. Finally, Edward Jones upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $72.64.

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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.

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

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