ProVise Management Group LLC trimmed its position in Altria Group Inc (NYSE:MO) by 31.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,500 shares of the company’s stock after selling 1,617 shares during the quarter. ProVise Management Group LLC’s holdings in Altria Group were worth $222,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. Finally, Donaldson Capital Management LLC increased its position in shares of Altria Group by 0.7% in the second quarter. Donaldson Capital Management LLC now owns 4,378 shares of the company’s stock worth $326,000 after purchasing an additional 32 shares during the last quarter. 62.64% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have commented on MO. Jefferies Group upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Friday. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. Vetr cut shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price target on the stock. in a research report on Monday, October 30th. Royal Bank of Canada reiterated a “hold” rating and set a $62.00 price target on shares of Altria Group in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Altria Group presently has a consensus rating of “Buy” and a consensus target price of $72.87.

Shares of Altria Group Inc (NYSE MO) opened at $70.03 on Friday. The firm has a market capitalization of $133,630.00, a P/E ratio of 8.75, a PEG ratio of 2.57 and a beta of 0.62. Altria Group Inc has a 52 week low of $60.01 and a 52 week 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.

Altria Group (NYSE:MO) last released its quarterly earnings data 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. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The business’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 earnings per share. sell-side analysts forecast that Altria Group Inc will post 3.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is presently 33.00%.

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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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