First Allied Advisory Services Inc. reduced its position in Altria Group (NYSE:MO) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,457 shares of the company’s stock after selling 1,895 shares during the period. First Allied Advisory Services Inc.’s holdings in Altria Group were worth $8,196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sterling Investment Advisors Ltd. raised its stake in Altria Group by 133.3% during the 1st 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. Solaris Asset Management LLC raised its stake in Altria Group by 65.7% during the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after buying an additional 557 shares during the last quarter. CKW Financial Group purchased a new stake in Altria Group during the 2nd quarter valued at $109,000. Perigon Wealth Management LLC raised its stake in Altria Group by 4.7% during the 1st 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. Finally, Proficio Capital Partners LLC raised its stake in Altria Group by 97.4% during the 1st 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. Institutional investors own 62.70% of the company’s stock.

Altria Group (MO) traded down $0.06 during trading hours on Monday, hitting $71.48. The stock had a trading volume of 1,113,285 shares, compared to its average volume of 6,797,847. 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 stock has a market cap of $136,511.91, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.92 and a beta of 0.62. Altria Group has a 52-week low of $60.01 and a 52-week high of $77.79.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.69%. Altria Group’s dividend payout ratio (DPR) is 33.04%.

A number of equities research analysts have weighed in on MO shares. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 target price for the company. in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Wednesday, October 11th. Piper Jaffray Companies reiterated a “buy” rating and set a $76.00 target price on shares of Altria Group in a research note on Friday, October 27th. Cowen reiterated a “hold” rating on shares of Altria Group in a research note on Sunday, September 10th. Finally, BidaskClub lowered shares of Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $72.64.

In other news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.11% of the company’s stock.

WARNING: “Altria Group (MO) Position Trimmed by First Allied Advisory Services Inc.” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/altria-group-mo-position-trimmed-by-first-allied-advisory-services-inc/1757669.html.

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)

Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with Analyst Ratings Network's FREE daily email newsletter.