First Wilshire Securities Management Inc. continued to hold its position in shares of Altria Group (NYSE:MO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the company’s stock at the end of the first quarter. First Wilshire Securities Management Inc.’s holdings in Altria Group were worth $357,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of MO. Advantage Investment Management LLC raised its stake in Altria Group by 1.9% in the first quarter. Advantage Investment Management LLC now owns 1,752 shares of the company’s stock valued at $125,000 after buying an additional 32 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new stake in Altria Group during the first quarter valued at $134,000. Acropolis Investment Management LLC raised its stake in Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock valued at $138,000 after buying an additional 5 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in 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 valued at $191,000 after buying an additional 1,351 shares in the last quarter. Finally, Mascoma Wealth Management LLC raised its stake in Altria Group by 0.3% in the first quarter. Mascoma Wealth Management LLC now owns 2,701 shares of the company’s stock valued at $193,000 after buying an additional 8 shares in the last quarter. 62.47% of the stock is owned by hedge funds and other institutional investors.

Altria Group (NYSE:MO) traded down 0.71% during mid-day trading on Friday, hitting $64.31. The stock had a trading volume of 7,275,652 shares. The company has a market cap of $123.99 billion, a P/E ratio of 8.48 and a beta of 0.61. The company has a 50-day moving average price of $71.34 and a 200 day moving average price of $72.73. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, July 27th. The company reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.01. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates 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 for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. Equities research analysts forecast that Altria Group will post $3.26 EPS for the current fiscal year.

Altria Group declared that its Board of Directors has authorized a share buyback program on Thursday, July 27th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 0.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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Several research firms have recently weighed in on MO. Vetr lowered Altria Group from a “buy” rating to a “hold” rating and set a $80.38 price objective for the company. in a research note on Monday, June 19th. BidaskClub raised Altria Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Royal Bank Of Canada reissued a “sell” rating and set a $62.00 price objective on shares of Altria Group in a research note on Friday, May 26th. Cowen and Company set a $78.00 price objective on Altria Group and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, Piper Jaffray Companies set a $76.00 price objective on Altria Group and gave the stock a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Altria Group currently has a consensus rating of “Hold” and an average target price of $72.66.

In related news, Director George Munoz sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $72.35, for a total value of $361,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by corporate 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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