Traders bought shares of Altria Group (NYSE:MO) on weakness during trading on Tuesday. $117.87 million flowed into the stock on the tick-up and $74.07 million flowed out of the stock on the tick-down, for a money net flow of $43.80 million into the stock. Of all stocks tracked, Altria Group had the 8th highest net in-flow for the day. Altria Group traded down ($0.87) for the day and closed at $67.93

Several research firms have recently issued reports on MO. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Monday, July 11th. Vetr raised Altria Group from a “buy” rating to a “strong-buy” rating and set a $77.35 price objective for the company in a research report on Wednesday, July 20th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $69.00 price objective (up previously from $64.00) on shares of Altria Group in a research report on Friday, July 15th. Stifel Nicolaus reissued a “buy” rating and set a $71.00 price objective (up previously from $65.00) on shares of Altria Group in a research report on Monday, June 27th. Finally, Berenberg Bank started coverage on Altria Group in a research report on Tuesday, June 14th. They set a “buy” rating and a $74.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $68.52.

The company’s 50-day moving average is $67.69 and its 200-day moving average is $63.29. The stock has a market capitalization of $132.87 billion and a PE ratio of 24.51.

Altria Group (NYSE:MO) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.01. The firm earned $6.52 billion during the quarter, compared to analyst estimates of $5.01 billion. Equities analysts expect that Altria Group will post $3.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 11th. Stockholders of record on Wednesday, June 15th were issued a $0.565 dividend. This represents a $2.26 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Monday, June 13th.

In related news, Director Nabil Y. Sakkab acquired 4,000 shares of the firm’s stock in a transaction dated Friday, May 20th. The stock was bought at an average price of $63.20 per share, for a total transaction of $252,800.00. Following the acquisition, the director now directly owns 31,630 shares of the company’s stock, valued at $1,999,016. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian W. Quigley sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $63.66, for a total value of $190,980.00. Following the completion of the transaction, the chief executive officer now owns 23,246 shares of the company’s stock, valued at approximately $1,479,840.36. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the stock. Bradley Foster & Sargent Inc. CT boosted its position in shares of Altria Group by 21.3% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 35,220 shares of the company’s stock valued at $2,050,000 after buying an additional 6,193 shares during the last quarter. NorthCoast Asset Management LLC boosted its position in shares of Altria Group by 3,774.3% in the fourth quarter. NorthCoast Asset Management LLC now owns 984,193 shares of the company’s stock valued at $57,290,000 after buying an additional 958,790 shares during the last quarter. First Heartland Consultants Inc. boosted its position in shares of Altria Group by 1.6% in the fourth quarter. First Heartland Consultants Inc. now owns 47,190 shares of the company’s stock valued at $2,747,000 after buying an additional 728 shares during the last quarter. Stevens Capital Management LP boosted its position in shares of Altria Group by 102.4% in the fourth quarter. Stevens Capital Management LP now owns 243,331 shares of the company’s stock valued at $14,164,000 after buying an additional 123,085 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Altria Group by 8.4% in the fourth quarter. ProShare Advisors LLC now owns 298,471 shares of the company’s stock valued at $17,374,000 after buying an additional 23,220 shares during the last quarter.

Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.