Altria Group, Inc. $MO Stock Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its position in Altria Group, Inc. (NYSE:MO – Free Report) by 114.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,640 shares of the company’s stock after acquiring an additional 21,714 shares during the period. Chicago Partners Investment Group LLC’s holdings in Altria Group were worth $3,020,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MO. Optimist Retirement Group LLC raised its position in Altria Group by 2.5% in the third quarter. Optimist Retirement Group LLC now owns 35,912 shares of the company’s stock worth $2,418,000 after acquiring an additional 862 shares during the period. 3Chopt Investment Partners LLC grew its position in Altria Group by 4.0% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 74,486 shares of the company’s stock valued at $5,098,000 after acquiring an additional 2,836 shares during the last quarter. Focused Wealth Management Inc grew its stake in Altria Group by 2.1% in the 3rd quarter. Focused Wealth Management Inc now owns 38,163 shares of the company’s stock valued at $2,570,000 after acquiring an additional 782 shares during the period. Rakuten Investment Management Inc. lifted its stake in Altria Group by 9.7% during the third quarter. Rakuten Investment Management Inc. now owns 299,710 shares of the company’s stock worth $20,596,000 after purchasing an additional 26,500 shares in the last quarter. Finally, AIA Group Ltd boosted its position in shares of Altria Group by 5.8% in the 3rd quarter. AIA Group Ltd now owns 3,607 shares of the company’s stock valued at $243,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Insider Transactions at Altria Group

In other Altria Group news, Director Kathryn McQuade acquired 1,500 shares of Altria Group stock in a transaction that occurred on Wednesday, September 9th. The shares were bought at an average price of $67.62 per share, with a total value of $101,430.00. Following the completion of the purchase, the director directly owned 114,929 shares in the company, valued at $7,771,498.98. This trade represents a 1.32% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Altria Group News Roundup

Here are the key news stories impacting Altria Group this week:

Wall Street Analyst Weigh In

MO has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Altria Group from $71.00 to $77.00 and gave the company an “equal weight” rating in a report on Friday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research note on Monday, October 12th. UBS Group upped their price target on shares of Altria Group from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, October 30th. BTIG Research began coverage on Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Finally, Citigroup lifted their target price on shares of Altria Group from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $71.67.

Read Our Latest Stock Analysis on Altria Group

Altria Group Trading Down 1.9%

Altria Group stock opened at $76.08 on Friday. The stock has a market capitalization of $126.55 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.62 and a beta of 0.43. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $79.87. The stock has a 50 day moving average of $71.38 and a two-hundred day moving average of $69.15.

Altria Group (NYSE:MO – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The business had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.31 billion. Altria Group had a net margin of 34.51% and a negative return on equity of 330.66%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. Equities analysts predict that Altria Group, Inc. will post 5.70 earnings per share for the current year.

Altria Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Tuesday, September 15th were paid a $1.11 dividend. This is an increase from Altria Group’s previous quarterly dividend of $1.06. The ex-dividend date was Tuesday, September 15th. This represents a $4.44 annualized dividend and a yield of 5.8%. Altria Group’s dividend payout ratio (DPR) is 91.74%.

Altria Group Company Profile

(Free Report)

Altria Group, Inc is a U.S.-based tobacco and nicotine company whose businesses focus primarily on the domestic market. Its products include cigarettes, smokeless tobacco, cigars, oral nicotine products and e-vapor products.

Altria’s portfolio includes Marlboro cigarettes, made by Philip Morris USA; Copenhagen and Skoal smokeless tobacco products, made by U.S. Smokeless Tobacco Company; and products from John Middleton and Helix Innovations. The company also owns NJOY, an e-vapor brand.

The company was established as Philip Morris Companies Inc and adopted the Altria name in 2003.

Featured Articles

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

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