Taylor Hoffman Wealth Management boosted its holdings in Altria Group Inc (NYSE:MO) by 12.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,683 shares of the company’s stock after buying an additional 5,519 shares during the period. Altria Group makes up about 1.4% of Taylor Hoffman Wealth Management’s investment portfolio, making the stock its 17th largest position. Taylor Hoffman Wealth Management’s holdings in Altria Group were worth $2,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bath Savings Trust Co increased its position in Altria Group by 13.6% during the 2nd quarter. Bath Savings Trust Co now owns 8,770 shares of the company’s stock worth $415,000 after purchasing an additional 1,050 shares in the last quarter. Thomasville National Bank increased its position in Altria Group by 4.0% in the 2nd quarter. Thomasville National Bank now owns 21,588 shares of the company’s stock worth $1,022,000 after buying an additional 834 shares during the period. LVM Capital Management Ltd. MI increased its position in Altria Group by 3.6% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 94,580 shares of the company’s stock worth $4,478,000 after buying an additional 3,245 shares during the period. Fulton Bank N.A. increased its position in Altria Group by 0.4% in the 2nd quarter. Fulton Bank N.A. now owns 82,686 shares of the company’s stock worth $3,915,000 after buying an additional 331 shares during the period. Finally, Silverleafe Capital Partners LLC increased its position in Altria Group by 2.4% in the 2nd quarter. Silverleafe Capital Partners LLC now owns 15,366 shares of the company’s stock worth $728,000 after buying an additional 362 shares during the period. 63.27% of the stock is currently owned by institutional investors.

Shares of MO traded up $0.43 on Friday, reaching $46.41. 5,522,956 shares of the stock traded hands, compared to its average volume of 10,315,709. The stock’s 50-day moving average price is $43.42 and its 200-day moving average price is $47.52. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.56 and a quick ratio of 0.27. The firm has a market cap of $86.40 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 1.72 and a beta of 0.41. Altria Group Inc has a 12 month low of $39.30 and a 12 month high of $66.04.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.04. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.34 billion. Altria Group had a return on equity of 56.17% and a net margin of 7.00%. Altria Group’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 EPS. As a group, equities research analysts forecast that Altria Group Inc will post 4.21 earnings per share for the current fiscal year.

Altria Group announced that its Board of Directors has approved a stock buyback plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 1.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

MO has been the topic of several recent analyst reports. Argus set a $60.00 price target on Altria Group and gave the stock a “buy” rating in a research report on Thursday, October 10th. Morgan Stanley set a $44.00 price objective on Altria Group and gave the company a “hold” rating in a research report on Tuesday, September 24th. Barclays set a $50.00 price objective on Altria Group and gave the company a “buy” rating in a research report on Tuesday, October 8th. Piper Jaffray Companies set a $49.00 price objective on Altria Group and gave the company a “hold” rating in a research report on Monday, September 30th. Finally, TheStreet cut Altria Group from a “b-” rating to a “c+” rating in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.35.

About Altria Group

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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