Beacon Financial Group decreased its holdings in shares of Altria Group Inc (NYSE:MO) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,276 shares of the company’s stock after selling 2,390 shares during the period. Beacon Financial Group’s holdings in Altria Group were worth $6,661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bellwether Investment Group LLC grew its stake in shares of Altria Group by 0.3% in the 2nd quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock worth $331,000 after acquiring an additional 12 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake in shares of Altria Group by 0.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 4,912 shares of the company’s stock worth $366,000 after acquiring an additional 28 shares in the last quarter. Cheviot Value Management LLC grew its stake in shares of Altria Group by 1.0% in the 2nd quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock worth $218,000 after acquiring an additional 28 shares in the last quarter. Thompson Davis & CO. Inc. grew its stake in shares of Altria Group by 0.5% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 5,757 shares of the company’s stock worth $429,000 after acquiring an additional 29 shares in the last quarter. Finally, Donaldson Capital Management LLC grew its stake in shares of Altria Group by 0.7% in the 2nd quarter. Donaldson Capital Management LLC now owns 4,378 shares of the company’s stock worth $326,000 after acquiring an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 62.75% of the company’s stock.

Several research firms have recently issued reports on MO. Vetr upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.45 target price for the company in a research note on Monday. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Tuesday. Piper Jaffray Companies upped their target price on shares of Altria Group from $76.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $62.00 target price (down previously from $65.00) on shares of Altria Group in a research note on Monday. Finally, Jefferies Group upgraded shares of Altria Group from a “hold” rating to a “buy” rating and reduced their target price for the stock from $70.04 to $70.00 in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $73.20.

Altria Group Inc (NYSE:MO) opened at $66.79 on Thursday. The firm has a market cap of $127,450.00, a PE ratio of 12.58, a P/E/G ratio of 2.04 and a beta of 0.53. The company has a current ratio of 0.64, a quick ratio of 0.31 and a debt-to-equity ratio of 0.85. Altria Group Inc has a 1 year low of $60.01 and a 1 year high of $77.79.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The company had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.80 billion. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. equities analysts forecast that Altria Group Inc will post 4 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Thursday, December 21st were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.64 annualized dividend and a yield of 3.95%. Altria Group’s payout ratio is currently 49.72%.

Altria Group declared that its board has authorized a stock buyback plan on Thursday, February 1st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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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.

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

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