AGF Investments America Inc. increased its stake in Altria Group (NYSE:MO) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,551 shares of the company’s stock after buying an additional 2,047 shares during the period. Altria Group comprises about 1.7% of AGF Investments America Inc.’s investment portfolio, making the stock its 26th largest position. AGF Investments America Inc.’s holdings in Altria Group were worth $4,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Altria Group by 15.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 451,817 shares of the company’s stock valued at $32,269,000 after acquiring an additional 61,777 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Altria Group by 18.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 18,293 shares of the company’s stock valued at $1,306,000 after acquiring an additional 2,901 shares during the period. Crawford Investment Counsel Inc. boosted its holdings in shares of Altria Group by 4.6% during the first quarter. Crawford Investment Counsel Inc. now owns 213,114 shares of the company’s stock valued at $15,221,000 after acquiring an additional 9,341 shares during the period. Swiss National Bank boosted its holdings in shares of Altria Group by 25.1% during the first quarter. Swiss National Bank now owns 7,486,394 shares of the company’s stock valued at $534,678,000 after acquiring an additional 1,501,400 shares during the period. Finally, World Asset Management Inc boosted its holdings in shares of Altria Group by 20.3% during the first quarter. World Asset Management Inc now owns 205,635 shares of the company’s stock valued at $14,686,000 after acquiring an additional 34,725 shares during the period. Institutional investors and hedge funds own 62.37% of the company’s stock.

Shares of Altria Group (MO) traded down $0.01 during midday trading on Monday, reaching $65.48. 2,075,600 shares of the company’s stock were exchanged, compared to its average volume of 6,739,878. Altria Group has a 52 week low of $60.01 and a 52 week high of $77.79. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. The firm has a market cap of $124,948.28, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60.

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

Several equities analysts have recently issued reports on the stock. Berenberg Bank reissued a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. UBS AG reissued a “hold” rating on shares of Altria Group in a report on Tuesday, August 8th. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $79.51 price objective for the company in a report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $62.00 price objective on shares of Altria Group in a report on Tuesday, October 3rd. Finally, Cowen Inc raised shares of Altria Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $64.00 to $71.00 in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Altria Group has a consensus rating of “Hold” and a consensus target price of $72.38.

In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by insiders.

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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.

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

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