Gilman Hill Asset Management LLC decreased its stake in shares of Altria Group (NYSE:MO) by 4.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 7,956 shares of the company’s stock after selling 375 shares during the period. Gilman Hill Asset Management LLC’s holdings in Altria Group were worth $503,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in MO. Banced Corp boosted its position in shares of Altria Group by 2.2% in the second quarter. Banced Corp now owns 21,147 shares of the company’s stock worth $1,150,000 after buying an additional 464 shares in the last quarter. Concorde Asset Management LLC boosted its stake in Altria Group by 35.7% in the second quarter. Concorde Asset Management LLC now owns 7,906 shares of the company’s stock worth $547,000 after buying an additional 2,079 shares in the last quarter. Bremer Trust National Association boosted its stake in Altria Group by 0.9% in the second quarter. Bremer Trust National Association now owns 67,691 shares of the company’s stock worth $4,668,000 after buying an additional 610 shares in the last quarter. Oakworth Capital Inc. boosted its stake in Altria Group by 31.9% in the second quarter. Oakworth Capital Inc. now owns 10,736 shares of the company’s stock worth $683,000 after buying an additional 2,595 shares in the last quarter. Finally, Dorsey Wright & Associates boosted its stake in Altria Group by 6.7% in the second quarter. Dorsey Wright & Associates now owns 19,873 shares of the company’s stock worth $1,370,000 after buying an additional 1,241 shares in the last quarter. 59.90% of the stock is currently owned by hedge funds and other institutional investors.

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

Altria Group (NYSE:MO) traded up 0.10% on Friday, reaching $67.58. The company had a trading volume of 4,073,116 shares. The firm has a market capitalization of $131.92 billion, a P/E ratio of 25.41 and a beta of 0.55. The company’s 50-day moving average price is $66.51 and its 200 day moving average price is $65.65. 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 results on Thursday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.01. Altria Group had a net margin of 20.19% and a return on equity of 202.19%. The company earned $6.90 billion during the quarter, compared to the consensus estimate of $5.11 billion. During the same period last year, the firm earned $0.75 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Altria Group will post $3.03 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 10th. Stockholders of record on Thursday, December 22nd were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, December 20th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.61%. Altria Group’s payout ratio is 91.73%.

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A number of equities research analysts have commented on the company. Zacks Investment Research cut Altria Group from a “hold” rating to a “sell” rating in a report on Wednesday, December 28th. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $70.00 to $75.00 in a report on Wednesday, January 4th. Wells Fargo & Company reissued an “outperform” rating and set a $74.00 price target on shares of Altria Group in a report on Wednesday, December 21st. Vetr cut Altria Group from a “buy” rating to a “hold” rating and set a $68.29 price target on the stock. in a report on Tuesday, November 1st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $65.00 price target on shares of Altria Group in a report on Tuesday, November 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.50.

In other news, CEO Martin J. Barrington sold 15,960 shares of Altria Group stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $65.85, for a total transaction of $1,050,966.00. Following the completion of the sale, the chief executive officer now directly owns 833,577 shares in the company, valued at approximately $54,891,045.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.15% of the company’s stock.

Altria Group Company Profile

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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