Advisor Group Inc. grew its position in shares of Altria Group Inc (NYSE:MO) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,017 shares of the company’s stock after purchasing an additional 14,816 shares during the quarter. Advisor Group Inc.’s holdings in Altria Group were worth $24,488,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First National Trust Co. grew its stake in Altria Group by 0.6% in the 3rd quarter. First National Trust Co. now owns 131,147 shares of the company’s stock valued at $8,318,000 after acquiring an additional 830 shares during the period. Toronto Dominion Bank grew its stake in Altria Group by 11.0% in the 3rd quarter. Toronto Dominion Bank now owns 744,091 shares of the company’s stock valued at $47,186,000 after acquiring an additional 73,849 shares during the period. CI Investments Inc. acquired a new stake in Altria Group in the 3rd quarter valued at $23,642,000. CIBC Asset Management Inc grew its stake in Altria Group by 2.2% in the 3rd quarter. CIBC Asset Management Inc now owns 267,147 shares of the company’s stock valued at $16,942,000 after acquiring an additional 5,824 shares during the period. Finally, Retirement Systems of Alabama grew its stake in Altria Group by 34.2% in the 3rd quarter. Retirement Systems of Alabama now owns 1,392,129 shares of the company’s stock valued at $88,289,000 after acquiring an additional 354,735 shares during the period. 62.64% of the stock is owned by hedge funds and other institutional investors.

Altria Group Inc (NYSE:MO) opened at $70.29 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. The firm has a market cap of $134,130.00, a PE ratio of 8.79, a PEG ratio of 2.65 and a beta of 0.62. Altria Group Inc has a 1 year low of $60.01 and a 1 year high of $77.79.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, December 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.76%. Altria Group’s payout ratio is 33.00%.

Several equities research analysts have issued reports on MO shares. Berenberg Bank raised shares of Altria Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $60.01 to $71.00 in a research note on Tuesday, December 19th. Vetr cut shares of Altria Group from a “hold” rating to a “sell” rating and set a $67.97 target price on the stock. in a research note on Monday, December 11th. Zacks Investment Research cut shares of Altria Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Wells Fargo & Co lifted their target price on shares of Altria Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. Finally, Jefferies Group set a $72.00 target price on shares of Altria Group and gave the stock a “hold” rating in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. Altria Group presently has an average rating of “Hold” and a consensus price target of $72.87.

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About Altria Group

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.

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

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