Peoples Bank OH held its stake in Altria Group (NYSE:MO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,541 shares of the company’s stock at the end of the second quarter. Peoples Bank OH’s holdings in Altria Group were worth $264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MO. Sterling Investment Advisors Ltd. grew its holdings in shares of Altria Group by 133.3% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after buying an additional 800 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Altria Group by 4.7% during the first quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $118,000 after buying an additional 74 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Altria Group by 97.4% during the first quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock valued at $121,000 after buying an additional 821 shares during the last quarter. Advantage Investment Management LLC grew its holdings in shares of Altria Group by 1.9% during the first quarter. Advantage Investment Management LLC now owns 1,752 shares of the company’s stock valued at $125,000 after buying an additional 32 shares during the last quarter. Finally, American Beacon Advisors Inc. acquired a new position in shares of Altria Group during the first quarter valued at about $164,000. Hedge funds and other institutional investors own 61.85% of the company’s stock.

Altria Group (MO) opened at 62.55 on Monday. The firm has a 50-day moving average of $63.20 and a 200-day moving average of $69.90. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79. The stock has a market capitalization of $120.60 billion, a PE ratio of 8.25 and a beta of 0.64.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $5.02 billion. Altria Group had a net margin of 56.98% and a return on equity of 59.50%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 EPS. Equities analysts expect that Altria Group will post $3.26 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Thursday, September 14th. This is an increase from Altria Group’s previous quarterly dividend of $0.61. Altria Group’s dividend payout ratio (DPR) is presently 34.83%.

Altria Group announced that its Board of Directors has initiated a share repurchase plan on Thursday, July 27th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 0.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

In other news, Director Dinyar S. Devitre sold 32,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were 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 is accessible through this hyperlink. Also, CEO Martin J. Barrington sold 15,300 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $65.03, for a total transaction of $994,959.00. Following the sale, the chief executive officer now directly owns 701,074 shares in the company, valued at approximately $45,590,842.22. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

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A number of research analysts have recently issued reports on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $70.00 price objective (down from $71.00) on shares of Altria Group in a report on Monday, July 17th. BidaskClub cut shares of Altria Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Cowen and Company reiterated a “hold” rating and set a $74.00 price objective on shares of Altria Group in a report on Tuesday, July 11th. Zacks Investment Research cut shares of Altria Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Berenberg Bank set a $72.00 price objective on shares of Altria Group and gave the company a “hold” rating in a report on Sunday, August 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Altria Group presently has a consensus rating of “Hold” and an average price target of $71.57.

Altria Group Company 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.

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

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