Altria Group (MO) Position Held by Mycio Wealth Partners LLC

Mycio Wealth Partners LLC held its stake in Altria Group (NYSE:MO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,043 shares of the company’s stock at the end of the second quarter. Mycio Wealth Partners LLC’s holdings in Altria Group were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of MO. Baystate Wealth Management LLC raised its holdings in shares of Altria Group by 0.3% during the second 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. Lafayette Investments Inc. raised its holdings in shares of Altria Group by 0.7% during the first 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. AT Bancorp raised its holdings in shares of Altria Group by 0.3% during the first 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. JJJ Advisors Inc. raised its holdings in shares of Altria Group by 0.8% during the first quarter. JJJ Advisors Inc. now owns 3,702 shares of the company’s stock valued at $264,000 after buying an additional 29 shares during the last quarter. Finally, Advantage Investment Management LLC raised its holdings in shares of Altria Group by 1.9% during 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 during the last quarter. 62.29% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the company. Berenberg Bank reaffirmed a “hold” rating on shares of Altria Group in a report on Tuesday, October 31st. UBS AG dropped their target price on Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Cowen and Company set a $78.00 target price on Altria Group and gave the stock a “hold” rating in a report on Friday, July 28th. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 target price on the stock in a report on Tuesday, October 24th. Finally, Stifel Nicolaus dropped their target price on Altria Group from $77.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $72.04.

In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

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Altria Group (NYSE MO) opened at $65.73 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. The stock has a market cap of $125,430.00, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. equities analysts forecast that Altria Group will post 3.28 EPS for the current year.

Altria Group declared that its board has authorized a stock repurchase program on Thursday, July 27th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 0.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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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