Xact Kapitalforvaltning AB trimmed its position in Altria Group Inc (NYSE:MO) by 10.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,314 shares of the company’s stock after selling 19,792 shares during the period. Xact Kapitalforvaltning AB’s holdings in Altria Group were worth $10,573,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new position in shares of Altria Group during the 3rd quarter valued at about $103,000. IMA Wealth Inc. acquired a new position in shares of Altria Group during the 2nd quarter valued at about $106,000. BerganKDV Wealth Management LLC acquired a new position in shares of Altria Group during the 2nd quarter valued at about $123,000. BDO Wealth Advisors LLC increased its stake in shares of Altria Group by 165.5% during the 2nd quarter. BDO Wealth Advisors LLC now owns 2,222 shares of the company’s stock valued at $126,000 after acquiring an additional 1,385 shares during the last quarter. Finally, Landaas & Co. WI ADV acquired a new position in shares of Altria Group during the 2nd quarter valued at about $137,000. Institutional investors own 63.24% of the company’s stock.

A number of research firms have recently commented on MO. Zacks Investment Research downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. ValuEngine raised shares of Altria Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Morgan Stanley dropped their price objective on shares of Altria Group from $65.00 to $63.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 26th. Citigroup upped their price objective on shares of Altria Group from $59.00 to $67.00 and gave the company a “hold” rating in a research note on Friday, September 21st. Finally, Piper Jaffray Companies set a $75.00 price objective on shares of Altria Group and gave the company a “buy” rating in a research note on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Altria Group has a consensus rating of “Buy” and a consensus price target of $70.28.

In related news, Director Dinyar S. Devitre sold 3,165 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total transaction of $184,962.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

MO traded up $0.49 on Friday, reaching $61.42. 25,594 shares of the company’s stock were exchanged, compared to its average volume of 7,536,255. The company has a market cap of $114.28 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.72 and a beta of 0.61. Altria Group Inc has a twelve month low of $53.91 and a twelve month high of $74.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.31 and a current ratio of 0.65.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, July 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.01. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $5.02 billion. Altria Group had a net margin of 42.00% and a return on equity of 48.88%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. On average, sell-side analysts predict that Altria Group Inc will post 4 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 10th. Investors of record on Friday, September 14th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Thursday, September 13th. This is an increase from Altria Group’s previous quarterly dividend of $0.70. Altria Group’s dividend payout ratio is 94.67%.

About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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

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