Dubuque Bank & Trust Co. raised its position in shares of Altria Group (NYSE:MO) by 14.6% during the second quarter, Holdings Channel reports. The fund owned 4,094 shares of the company’s stock after buying an additional 521 shares during the period. Dubuque Bank & Trust Co.’s holdings in Altria Group were worth $305,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MO. Sterling Investment Advisors Ltd. boosted its position in shares of Altria Group by 133.3% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock worth $100,000 after buying an additional 800 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of Altria Group by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock worth $118,000 after buying an additional 74 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Altria Group by 97.4% in the first quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock worth $121,000 after buying an additional 821 shares in the last quarter. 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 in the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new position in shares of Altria Group during the first quarter worth $134,000. 62.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Altria Group (NYSE:MO) traded up 1.03% during midday trading on Monday, reaching $64.97. 2,134,747 shares of the company’s stock traded hands. The firm has a market cap of $125.26 billion, a PE ratio of 8.57 and a beta of 0.61. The company has a 50 day moving average of $71.34 and a 200 day moving average of $72.73. 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 quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by $0.01. Altria Group had a net margin of 56.98% and a return on equity of 59.50%. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts predict that Altria Group will post $3.26 EPS for the current fiscal year.

Altria Group declared that its board has authorized a share repurchase plan on Thursday, July 27th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 0.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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A number of equities analysts have recently weighed in on the stock. UBS AG reissued a “hold” rating on shares of Altria Group in a research report on Tuesday, August 8th. Berenberg Bank set a $72.00 price target on shares of Altria Group and gave the stock a “hold” rating in a research report on Sunday, August 6th. Zacks Investment Research raised shares of Altria Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub raised shares of Altria Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $80.00 price target on shares of Altria Group in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus 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 transaction of $361,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is 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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