Utah Retirement Systems lifted its holdings in Altria Group Inc (NYSE:MO) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 352,344 shares of the company’s stock after buying an additional 1,600 shares during the period. Utah Retirement Systems’ holdings in Altria Group were worth $21,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. increased its stake in Altria Group by 3.7% during the third quarter. Johnson Financial Group Inc. now owns 127,333 shares of the company’s stock valued at $7,680,000 after acquiring an additional 4,572 shares during the period. Regentatlantic Capital LLC raised its position in shares of Altria Group by 15.9% during the 3rd quarter. Regentatlantic Capital LLC now owns 36,272 shares of the company’s stock valued at $2,188,000 after acquiring an additional 4,974 shares during the last quarter. Fort Pitt Capital Group LLC raised its position in shares of Altria Group by 11.6% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 20,502 shares of the company’s stock valued at $1,236,000 after acquiring an additional 2,139 shares during the last quarter. Exeter Financial LLC raised its position in shares of Altria Group by 8.7% during the 2nd quarter. Exeter Financial LLC now owns 20,414 shares of the company’s stock valued at $1,159,000 after acquiring an additional 1,638 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Altria Group in the 2nd quarter valued at $20,143,000. 64.49% of the stock is owned by hedge funds and other institutional investors.

Altria Group stock traded down $1.33 during midday trading on Wednesday, reaching $54.40. 12,124,666 shares of the stock were exchanged, compared to its average volume of 9,894,906. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $103.03 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 1.63 and a beta of 0.37. Altria Group Inc has a 52 week low of $52.90 and a 52 week high of $74.38.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 25th. The company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. The firm had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.22 billion. Research analysts forecast that Altria Group Inc will post 3.99 earnings per share for the current year.

MO has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday, September 25th. Jefferies Financial Group downgraded shares of Altria Group from a “buy” rating to a “hold” rating and set a $61.00 price objective for the company. in a research note on Friday, August 24th. Sanford C. Bernstein initiated coverage on shares of Altria Group in a research note on Tuesday, October 16th. They issued a “market perform” rating for the company. ValuEngine raised shares of Altria Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Finally, Wells Fargo & Co lowered their price target on shares of Altria Group from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Monday, November 26th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Altria Group has an average rating of “Buy” and an average target price of $68.08.

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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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