Advisor Partners LLC trimmed its holdings in Altria Group Inc (NYSE:MO) by 15.9% during the 4th quarter, reports. The institutional investor owned 54,271 shares of the company’s stock after selling 10,264 shares during the period. Advisor Partners LLC’s holdings in Altria Group were worth $2,680,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in Altria Group by 14.1% during the 2nd quarter. FMR LLC now owns 37,263,858 shares of the company’s stock valued at $2,116,214,000 after purchasing an additional 4,613,088 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Altria Group by 6.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 463,956 shares of the company’s stock worth $26,348,000 after buying an additional 27,615 shares during the period. Clinton Group Inc. raised its stake in Altria Group by 126.7% during the 3rd quarter. Clinton Group Inc. now owns 98,428 shares of the company’s stock valued at $5,936,000 after purchasing an additional 55,004 shares during the last quarter. First Bank & Trust raised its stake in shares of Altria Group by 8.6% in the 3rd quarter. First Bank & Trust now owns 37,987 shares of the company’s stock valued at $2,223,000 after buying an additional 3,022 shares in the last quarter. Finally, Legacy Private Trust Co. grew its holdings in Altria Group by 11.9% during the 3rd quarter. Legacy Private Trust Co. now owns 11,712 shares of the company’s stock worth $706,000 after acquiring an additional 1,249 shares during the last quarter. 64.42% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on MO shares. Zacks Investment Research downgraded shares of Altria Group from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine upgraded Altria Group from a “strong sell” rating to a “sell” rating in a report on Thursday, January 31st. Piper Jaffray Companies set a $75.00 price target on Altria Group and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Barclays assumed coverage on Altria Group in a research report on Friday, December 7th. They issued an “overweight” rating and a $64.00 price target for the company. Finally, Jefferies Financial Group set a $56.00 price target on Altria Group and gave the stock a “hold” rating in a research note on Thursday, November 29th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $66.71.

Shares of Altria Group stock opened at $48.84 on Friday. The stock has a market capitalization of $91.77 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 1.47 and a beta of 0.36. Altria Group Inc has a 12-month low of $42.40 and a 12-month high of $66.53. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.20 and a quick ratio of 0.09.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, January 31st. The company reported $0.95 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.95. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.81 billion. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. During the same quarter last year, the firm posted $0.91 EPS. As a group, sell-side analysts predict that Altria Group Inc will post 4.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 10th. Investors of record on Wednesday, December 26th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, December 24th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.55%. Altria Group’s payout ratio is currently 80.20%.

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Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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

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