Day & Ennis LLC raised its position in Altria Group (NYSE:MO) by 8.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,299 shares of the company’s stock after buying an additional 332 shares during the period. Day & Ennis LLC’s holdings in Altria Group were worth $307,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Advantage Investment Management LLC boosted its position in shares of Altria Group by 1.9% in the first quarter. Advantage Investment Management LLC now owns 1,752 shares of the company’s stock worth $125,000 after buying an additional 32 shares during the last quarter. Feltz Wealth PLAN Inc. acquired a new position in shares of Altria Group during the first quarter worth approximately $134,000. Acropolis Investment Management LLC boosted its position in shares of Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock worth $138,000 after buying an additional 5 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Altria Group by 102.5% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,669 shares of the company’s stock worth $191,000 after buying an additional 1,351 shares during the last quarter. Finally, Mascoma Wealth Management LLC boosted its position in shares of Altria Group by 0.3% in the first quarter. Mascoma Wealth Management LLC now owns 2,701 shares of the company’s stock worth $193,000 after buying an additional 8 shares during the last quarter. Institutional investors own 62.47% of the company’s stock.

Shares of Altria Group (MO) traded down 0.71% during trading on Friday, hitting $64.31. 7,275,652 shares of the company traded hands. The company has a 50 day moving average price of $71.34 and a 200 day moving average price of $72.73. The company has a market capitalization of $123.99 billion, a price-to-earnings ratio of 8.48 and a beta of 0.61. Altria Group has a 52 week low of $60.01 and a 52 week high of $77.79.

Altria Group (NYSE:MO) last released its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $5.02 billion. Altria Group had a return on equity of 59.50% and a net margin of 56.98%. Altria Group’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. On average, analysts expect that Altria Group will post $3.26 earnings per share for the current year.

Altria Group declared that its board has approved a stock buyback program on Thursday, July 27th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 0.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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A number of brokerages recently commented on MO. BidaskClub upgraded shares of Altria Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Berenberg Bank set a $72.00 target price on shares of Altria Group and gave the stock a “hold” rating in a research report on Sunday, August 6th. UBS AG decreased their target price on shares of Altria Group from $78.00 to $72.00 and set a “neutral” rating on the stock in a research report on Monday, July 31st. Vetr upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $79.51 target price on the stock in a research report on Monday, July 31st. Finally, Stifel Nicolaus decreased their target price on shares of Altria Group from $77.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $72.66.

In related news, Director George Munoz sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total value of $361,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.15% of the stock is currently owned by company insiders.

Altria Group Company 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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