Whittier Trust Co. decreased its position in shares of Altria Group Inc (NYSE:MO) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,575 shares of the company’s stock after selling 996 shares during the quarter. Whittier Trust Co.’s holdings in Altria Group were worth $8,344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Alpha Cubed Investments LLC raised its stake in Altria Group by 21.2% during the third quarter. Alpha Cubed Investments LLC now owns 25,501 shares of the company’s stock worth $1,617,000 after acquiring an additional 4,455 shares in the last quarter. APG Asset Management N.V. raised its stake in Altria Group by 67.7% during the third quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock worth $310,314,000 after acquiring an additional 1,974,500 shares in the last quarter. Cordasco Financial Network raised its stake in Altria Group by 7.7% during the third quarter. Cordasco Financial Network now owns 33,636 shares of the company’s stock worth $2,133,000 after acquiring an additional 2,405 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its stake in Altria Group by 1.8% during the third quarter. Honkamp Krueger Financial Services Inc. now owns 59,723 shares of the company’s stock worth $3,788,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Kistler Tiffany Companies LLC raised its stake in Altria Group by 5.3% during the third quarter. Kistler Tiffany Companies LLC now owns 37,835 shares of the company’s stock worth $2,399,000 after acquiring an additional 1,910 shares in the last quarter. 62.62% of the stock is owned by institutional investors and hedge funds.

Altria Group Inc (MO) opened at $72.60 on Thursday. Altria Group Inc has a 52 week low of $60.01 and a 52 week high of $77.79. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $138,530.00, a P/E ratio of 22.99, a PEG ratio of 2.97 and a beta of 0.62.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. analysts expect that Altria Group Inc will post 3.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s dividend payout ratio is currently 33.00%.

Several brokerages have commented on MO. Berenberg Bank raised Altria Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.01 to $71.00 in a research note on Tuesday. Vetr downgraded Altria Group from a “hold” rating to a “sell” rating and set a $67.97 target price for the company. in a research note on Monday, December 11th. Jefferies Group set a $72.00 target price on Altria Group and gave the stock a “hold” rating in a research note on Friday, November 17th. Zacks Investment Research downgraded Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Edward Jones raised Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $72.57.

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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.

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

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