MetLife Investment Advisors LLC reduced its stake in Altria Group Inc (NYSE:MO) by 0.8% during the 1st quarter, Holdings Channel reports. The firm owned 532,856 shares of the company’s stock after selling 4,536 shares during the period. MetLife Investment Advisors LLC’s holdings in Altria Group were worth $30,602,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. B. Riley Wealth Management Inc. lifted its holdings in Altria Group by 4.9% in the first quarter. B. Riley Wealth Management Inc. now owns 21,372 shares of the company’s stock valued at $1,227,000 after acquiring an additional 1,002 shares during the period. M Holdings Securities Inc. lifted its holdings in Altria Group by 2.6% in the first quarter. M Holdings Securities Inc. now owns 14,412 shares of the company’s stock valued at $828,000 after acquiring an additional 363 shares during the period. Advisory Services Network LLC lifted its holdings in Altria Group by 9.9% in the first quarter. Advisory Services Network LLC now owns 81,721 shares of the company’s stock valued at $4,694,000 after acquiring an additional 7,345 shares during the period. Holderness Investments Co. lifted its holdings in Altria Group by 7.2% in the first quarter. Holderness Investments Co. now owns 11,565 shares of the company’s stock valued at $664,000 after acquiring an additional 772 shares during the period. Finally, Allstate Corp lifted its holdings in Altria Group by 138.2% in the first quarter. Allstate Corp now owns 90,825 shares of the company’s stock valued at $5,216,000 after acquiring an additional 52,701 shares during the period. Institutional investors own 64.48% of the company’s stock.

MO has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Bank of America raised their price target on Altria Group from $56.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. TheStreet upgraded Altria Group from a “c+” rating to a “b-” rating in a research report on Friday, March 29th. ValuEngine cut Altria Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Finally, Morgan Stanley raised their price target on Altria Group from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Monday, April 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Altria Group has a consensus rating of “Hold” and a consensus target price of $61.91.

In related news, SVP Jody L. Begley sold 3,250 shares of Altria Group stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $53.38, for a total transaction of $173,485.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of Altria Group stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $52.48, for a total value of $104,960.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Altria Group stock opened at $50.86 on Monday. The stock has a market cap of $95.15 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.59 and a beta of 0.44. Altria Group Inc has a 52 week low of $42.40 and a 52 week high of $66.04. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.62 and a quick ratio of 0.39.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.60 billion. Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. As a group, sell-side analysts forecast that Altria Group Inc will post 4.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date is Thursday, June 13th. Altria Group’s dividend payout ratio is presently 80.20%.

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Altria Group Profile

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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