Regal Investment Advisors LLC reduced its holdings in shares of Altria Group (NYSE:MO) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,009 shares of the company’s stock after selling 1,595 shares during the period. Altria Group comprises about 1.1% of Regal Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Regal Investment Advisors LLC’s holdings in Altria Group were worth $4,543,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Street Corp lifted its holdings in Altria Group by 0.9% during the 1st quarter. State Street Corp now owns 74,624,722 shares of the company’s stock valued at $5,329,771,000 after purchasing an additional 687,246 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Altria Group by 0.4% during the 2nd quarter. Alliancebernstein L.P. now owns 13,054,948 shares of the company’s stock valued at $972,202,000 after purchasing an additional 49,057 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in Altria Group by 1.8% during the 2nd quarter. Federated Investors Inc. PA now owns 12,736,904 shares of the company’s stock valued at $948,518,000 after purchasing an additional 227,112 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Altria Group by 3.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 9,121,177 shares of the company’s stock valued at $679,255,000 after purchasing an additional 330,687 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Altria Group by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 9,038,913 shares of the company’s stock valued at $673,135,000 after purchasing an additional 241,211 shares during the last quarter. Institutional investors and hedge funds own 62.69% of the company’s stock.

In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.11% of the company’s stock.

Shares of Altria Group (NYSE MO) traded up $0.75 during midday trading on Friday, hitting $68.58. 8,049,532 shares of the company’s stock were exchanged, compared to its average volume of 5,933,775. Altria Group has a one year low of $60.01 and a one year high of $77.79. The company has a market capitalization of $130,863.67, a P/E ratio of 21.70, a PEG ratio of 2.80 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77.

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

Several equities analysts recently issued reports on MO shares. Berenberg Bank set a $72.00 price target on shares of Altria Group and gave the company a “hold” rating in a report on Sunday, August 6th. UBS reissued a “hold” rating on shares of Altria Group in a report on Tuesday, August 8th. Jefferies Group set a $67.00 price target on shares of Altria Group and gave the company a “hold” rating in a report on Thursday, August 24th. BidaskClub downgraded shares of Altria Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Finally, Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price target for the company. in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $72.90.

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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.

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

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