Gofen & Glossberg LLC IL reduced its stake in shares of Altria Group (NYSE:MO) by 0.2% during the third quarter, Holdings Channel reports. The fund owned 160,482 shares of the company’s stock after selling 400 shares during the period. Gofen & Glossberg LLC IL’s holdings in Altria Group were worth $10,147,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. West Oak Capital LLC increased its stake in Altria Group by 6.9% in the second quarter. West Oak Capital LLC now owns 5,775 shares of the company’s stock worth $398,000 after buying an additional 375 shares in the last quarter. Howland Capital Management LLC increased its stake in Altria Group by 1.4% in the second quarter. Howland Capital Management LLC now owns 7,146 shares of the company’s stock worth $493,000 after buying an additional 99 shares in the last quarter. Osborn Rohs Williams & Donohoe Ltd increased its stake in Altria Group by 1.9% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 15,962 shares of the company’s stock worth $1,101,000 after buying an additional 302 shares in the last quarter. Toth Financial Advisory Corp increased its stake in Altria Group by 3.4% in the second quarter. Toth Financial Advisory Corp now owns 9,361 shares of the company’s stock worth $646,000 after buying an additional 308 shares in the last quarter. Finally, Indiana Trust & Investment Management CO increased its stake in Altria Group by 75.0% in the second quarter. Indiana Trust & Investment Management CO now owns 7,815 shares of the company’s stock worth $539,000 after buying an additional 3,350 shares in the last quarter. Institutional investors and hedge funds own 60.04% of the company’s stock.

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

Shares of Altria Group (NYSE:MO) traded down 1.0666% on Wednesday, reaching $64.4848. The company had a trading volume of 3,303,472 shares. The company’s 50 day moving average price is $63.59 and its 200-day moving average price is $65.26. The stock has a market capitalization of $125.87 billion, a P/E ratio of 24.2424 and a beta of 0.57. Altria Group has a 1-year low of $56.15 and a 1-year high of $70.15.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. Altria Group had a return on equity of 202.19% and a net margin of 20.19%. The company had revenue of $6.90 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same period in the previous year, the firm posted $0.75 EPS. Altria Group’s revenue was up 4.3% compared to the same quarter last year. Equities analysts predict that Altria Group will post $3.03 EPS for the current year.

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A number of equities research analysts have issued reports on MO shares. Vetr downgraded Altria Group from a “buy” rating to a “hold” rating and set a $68.29 price objective on the stock. in a research report on Tuesday, November 1st. Goldman Sachs Group Inc. restated a “neutral” rating and set a $68.00 price objective (down from $69.00) on shares of Altria Group in a research report on Saturday, October 15th. Citigroup Inc. restated a “buy” rating and set a $72.00 price objective on shares of Altria Group in a research report on Monday, September 26th. decreased their price objective on Altria Group from $69.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, September 15th. Finally, Zacks Investment Research downgraded Altria Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $69.46.

In other Altria Group news, CEO Martin J. Barrington sold 15,960 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $65.85, for a total value of $1,050,966.00. Following the transaction, the chief executive officer now directly owns 833,577 shares of the company’s stock, valued at approximately $54,891,045.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by company insiders.

About Altria Group

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.

5 Day Chart for NYSE:MO

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