Auxier Asset Management held its stake in shares of Altria Group (NYSE:MO) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 146,504 shares of the company’s stock at the close of the 2nd quarter. Altria Group comprises approximately 2.2% of Auxier Asset Management’s portfolio, making the stock its 9th biggest holding. Auxier Asset Management’s holdings in Altria Group were worth $10,910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. British Columbia Investment Management Corp grew its stake in shares of Altria Group by 17.0% in the 1st quarter. British Columbia Investment Management Corp now owns 857,760 shares of the company’s stock valued at $61,261,000 after buying an additional 124,740 shares during the period. RNC Capital Management LLC grew its stake in shares of Altria Group by 3.5% in the 1st quarter. RNC Capital Management LLC now owns 552,435 shares of the company’s stock valued at $39,455,000 after buying an additional 18,855 shares during the period. Cedar Capital LLC grew its stake in shares of Altria Group by 36.4% in the 1st quarter. Cedar Capital LLC now owns 5,558 shares of the company’s stock valued at $397,000 after buying an additional 1,484 shares during the period. Intrust Bank NA grew its stake in shares of Altria Group by 3.1% in the 1st quarter. Intrust Bank NA now owns 23,311 shares of the company’s stock valued at $1,665,000 after buying an additional 710 shares during the period. Finally, Ropes Wealth Advisors LLC grew its stake in shares of Altria Group by 9.2% in the 1st quarter. Ropes Wealth Advisors LLC now owns 17,858 shares of the company’s stock valued at $1,275,000 after buying an additional 1,502 shares during the period. 62.70% of the stock is owned by institutional investors.

Several analysts have recently weighed in on the stock. Vetr cut shares of Altria Group from a “hold” rating to a “sell” rating and set a $67.97 price target for the company. in a research note on Monday. Jefferies Group set a $72.00 price target on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, November 17th. Zacks Investment Research cut shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Edward Jones raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. Finally, Berenberg Bank reissued a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company currently 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 that occurred on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.11% of the company’s stock.

Shares of Altria Group (NYSE:MO) traded up $0.25 during mid-day trading on Wednesday, hitting $71.97. 1,921,795 shares of the stock traded hands, compared to its average volume of 6,794,376. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. Altria Group has a 52-week low of $60.01 and a 52-week high of $77.79. The firm has a market cap of $136,721.81, a price-to-earnings ratio of 22.67, a P/E/G ratio of 2.93 and a beta of 0.62.

Altria Group (NYSE:MO) last issued 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. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the business posted $0.82 EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. analysts forecast that Altria Group will post 3.28 EPS for the current fiscal 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 issued 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 3.67%. Altria Group’s dividend payout ratio is currently 33.04%.

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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)

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