Honkamp Krueger Financial Services Inc. raised its position in Altria Group (NYSE:MO) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,656 shares of the company’s stock after buying an additional 2,172 shares during the period. Altria Group accounts for 0.4% of Honkamp Krueger Financial Services Inc.’s investment portfolio, making the stock its 24th biggest holding. Honkamp Krueger Financial Services Inc.’s holdings in Altria Group were worth $4,368,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. HM Capital Management LLC increased its stake in Altria Group by 0.3% in the 1st quarter. HM Capital Management LLC now owns 3,435 shares of the company’s stock valued at $245,000 after buying an additional 9 shares during the last quarter. Baystate Wealth Management LLC increased its stake in Altria Group by 0.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 3,675 shares of the company’s stock valued at $270,000 after buying an additional 10 shares during the last quarter. Strategic Financial Group LLC increased its stake in Altria Group by 0.4% in the 1st quarter. Strategic Financial Group LLC now owns 3,293 shares of the company’s stock valued at $235,000 after buying an additional 14 shares during the last quarter. Lafayette Investments Inc. increased its stake in Altria Group by 0.7% in the 1st quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock valued at $276,000 after buying an additional 25 shares during the last quarter. Finally, AT Bancorp increased its stake in Altria Group by 0.3% in the 1st quarter. AT Bancorp now owns 10,545 shares of the company’s stock valued at $753,000 after buying an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 61.85% of the company’s stock.

Altria Group (NYSE MO) opened at 63.81 on Friday. The stock has a market capitalization of $123.03 billion, a price-to-earnings ratio of 8.41 and a beta of 0.64. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79. The company has a 50-day moving average of $63.25 and a 200-day moving average of $69.99.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, July 27th. The company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). Altria Group had a net margin of 56.98% and a return on equity of 59.50%. The business had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the prior year, the company posted $0.81 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts anticipate that Altria Group will post $3.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.66 per share. This is a boost from Altria Group’s previous quarterly dividend of $0.61. This represents a $2.64 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Thursday, September 14th. Altria Group’s dividend payout ratio is currently 34.83%.

Altria Group announced that its Board of Directors has initiated a share buyback program on Thursday, July 27th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 0.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

In other news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martin J. Barrington sold 15,300 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $65.03, for a total transaction of $994,959.00. Following the completion of the sale, the chief executive officer now directly owns 701,074 shares of the company’s stock, valued at $45,590,842.22. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by corporate insiders.

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Several equities research analysts have commented on the stock. Vetr lowered shares of 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 upgraded shares of Altria Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Cowen and Company set a $78.00 price objective on shares of Altria Group and gave the company a “hold” rating in a research note on Friday, July 28th. Piper Jaffray Companies set a $76.00 price objective on shares of Altria Group and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC restated a “hold” rating and set a $70.00 price target (down previously from $71.00) on shares of Altria Group in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $71.57.

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.

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

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