Capital Planning Advisors LLC decreased its position in Altria Group (NYSE:MO) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 70,121 shares of the company’s stock after selling 700 shares during the period. Altria Group makes up 2.7% of Capital Planning Advisors LLC’s portfolio, making the stock its 8th largest position. Capital Planning Advisors LLC’s holdings in Altria Group were worth $4,836,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MO. Dorsey Wright & Associates increased its position in shares of Altria Group by 6.7% in the second quarter. Dorsey Wright & Associates now owns 19,873 shares of the company’s stock worth $1,370,000 after buying an additional 1,241 shares during the period. Oakworth Capital Inc. increased its stake in shares of Altria Group by 31.9% in the second quarter. Oakworth Capital Inc. now owns 10,736 shares of the company’s stock worth $683,000 after buying an additional 2,595 shares during the last quarter. Bremer Trust National Association increased its stake in shares of Altria Group by 0.9% in the second quarter. Bremer Trust National Association now owns 67,691 shares of the company’s stock worth $4,668,000 after buying an additional 610 shares during the last quarter. Concorde Asset Management LLC increased its stake in shares of Altria Group by 35.7% in the second quarter. Concorde Asset Management LLC now owns 7,906 shares of the company’s stock worth $547,000 after buying an additional 2,079 shares during the last quarter. Finally, Orrstown Financial Services Inc. increased its stake in shares of Altria Group by 901.8% in the second quarter. Orrstown Financial Services Inc. now owns 4,929 shares of the company’s stock worth $340,000 after buying an additional 4,437 shares during the last quarter. Institutional investors own 61.64% of the company’s stock.

Shares of Altria Group (NYSE:MO) traded down 0.71% on Friday, hitting $62.80. The company had a trading volume of 7,103,268 shares. The firm’s 50 day moving average price is $66.38 and its 200-day moving average price is $64.89. The stock has a market capitalization of $122.71 billion, a PE ratio of 21.81 and a beta of 0.48. Altria Group has a 52 week low of $53.68 and a 52 week high of $70.15.

Altria Group (NYSE:MO) last issued its earnings results on Wednesday, July 27th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The company earned $6.52 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Altria Group had a return on equity of 198.82% and a net margin of 22.05%. Altria Group’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. Analysts forecast that Altria Group will post $3.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.61 per share. This is a positive change from Altria Group’s previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, September 13th. This represents a $2.44 dividend on an annualized basis and a yield of 3.89%. Altria Group’s dividend payout ratio is presently 84.72%.

A number of equities research analysts have weighed in on the company. Vetr upgraded Altria Group from a “buy” rating to a “strong-buy” rating and set a $72.13 target price for the company in a report on Wednesday, May 25th. Credit Agricole SA lowered their target price on Altria Group from $69.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday. Argus set a $73.00 target price on Altria Group and gave the stock a “buy” rating in a report on Monday, August 1st. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Monday, July 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $71.00 target price (up from $65.00) on shares of Altria Group in a report on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $69.41.

In other Altria Group news, SVP Charles N. Whitaker sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $66.53, for a total transaction of $731,830.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James E. Dillard III sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $66.68, for a total value of $600,120.00. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.

About Altria Group

Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.

5 Day Chart for NYSE:MO

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