Cubist Systematic Strategies LLC lowered its holdings in Altria Group (NYSE:MO) by 81.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,212 shares of the company’s stock after selling 97,537 shares during the period. Cubist Systematic Strategies LLC’s holdings in Altria Group were worth $1,654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MO. Scholtz & Company LLC increased its position in shares of Altria Group by 0.6% in the second quarter. Scholtz & Company LLC now owns 33,060 shares of the company’s stock worth $2,462,000 after acquiring an additional 185 shares in the last quarter. Carret Asset Management LLC increased its position in shares of Altria Group by 16.0% in the second quarter. Carret Asset Management LLC now owns 8,400 shares of the company’s stock worth $626,000 after acquiring an additional 1,160 shares in the last quarter. Green Square Capital LLC increased its position in shares of Altria Group by 3.4% in the second quarter. Green Square Capital LLC now owns 85,440 shares of the company’s stock worth $6,397,000 after acquiring an additional 2,842 shares in the last quarter. First Commonwealth Financial Corp PA purchased a new position in shares of Altria Group in the second quarter worth approximately $776,000. Finally, Monetary Management Group Inc. increased its position in shares of Altria Group by 5.0% in the second quarter. Monetary Management Group Inc. now owns 8,476 shares of the company’s stock worth $631,000 after acquiring an additional 400 shares in the last quarter. 62.70% of the stock is currently owned by institutional investors.

Altria Group (MO) traded up $0.11 during mid-day trading on Tuesday, hitting $71.65. 4,400,000 shares of the company traded hands, compared to its average volume of 6,787,772. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. The firm has a market capitalization of $136,511.91, a PE ratio of 22.64, a P/E/G ratio of 2.92 and a beta of 0.62. Altria Group has a twelve month low of $60.01 and a twelve month high of $77.79.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 21st will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Wednesday, December 20th. Altria Group’s dividend payout ratio is currently 33.04%.

Several research firms have recently weighed in on MO. Berenberg Bank reissued a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 target price on the stock. in a research report on Monday, October 30th. Royal Bank of Canada reissued a “hold” rating and issued a $62.00 target price on shares of Altria Group in a research report on Tuesday, October 3rd. Cowen raised shares of Altria Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $64.00 to $71.00 in a research report on Tuesday, September 26th. Finally, Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Altria Group currently has an average rating of “Hold” and a consensus target price of $72.64.

In related news, Director Dinyar S. Devitre sold 32,000 shares of the firm’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 transaction of $1,959,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.11% of the company’s stock.

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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.

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

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