Achmea Investment Management B.V. lessened its stake in shares of Altria Group Inc (NYSE:MO) by 49.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 34,261 shares of the company’s stock after selling 33,213 shares during the period. Achmea Investment Management B.V.’s holdings in Altria Group were worth $2,551,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. British Columbia Investment Management Corp lifted its position in shares of Altria Group by 17.0% in the first quarter. British Columbia Investment Management Corp now owns 857,760 shares of the company’s stock valued at $61,261,000 after acquiring an additional 124,740 shares in the last quarter. RNC Capital Management LLC lifted its position in shares of Altria Group by 3.5% in the first quarter. RNC Capital Management LLC now owns 552,435 shares of the company’s stock valued at $39,455,000 after acquiring an additional 18,855 shares in the last quarter. Cedar Capital LLC lifted its position in shares of Altria Group by 36.4% in the first quarter. Cedar Capital LLC now owns 5,558 shares of the company’s stock valued at $397,000 after acquiring an additional 1,484 shares in the last quarter. Intrust Bank NA lifted its position in shares of Altria Group by 3.1% in the first quarter. Intrust Bank NA now owns 23,311 shares of the company’s stock valued at $1,665,000 after acquiring an additional 710 shares in the last quarter. Finally, Ropes Wealth Advisors LLC lifted its position in shares of Altria Group by 9.2% in the first quarter. Ropes Wealth Advisors LLC now owns 17,858 shares of the company’s stock valued at $1,275,000 after acquiring an additional 1,502 shares in the last quarter. 62.70% of the stock is owned by institutional investors and hedge funds.

In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Shares of Altria Group Inc (NYSE:MO) opened at $71.67 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. The company has a market capitalization of $136,988.95, a PE ratio of 22.72, a P/E/G ratio of 2.93 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.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. analysts anticipate that Altria Group Inc will post 3.28 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.68%. Altria Group’s dividend payout ratio (DPR) is presently 33.04%.

Several equities analysts have recently commented on the company. Vetr downgraded Altria Group from a “hold” rating to a “sell” rating and set a $67.97 price objective on the stock. in a research report on Monday, December 11th. Jefferies Group set a $72.00 target price on Altria Group and gave the stock a “hold” rating in a research report on Friday, November 17th. Zacks Investment Research downgraded Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Edward Jones upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. Finally, Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.64.

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Altria Group 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.

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

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