Hudson Valley Investment Advisors Inc. ADV lowered its stake in shares of Altria Group (NYSE:MO) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 21,240 shares of the company’s stock after selling 25 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Altria Group were worth $1,582,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. boosted its position in shares of Altria Group by 133.3% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after buying an additional 800 shares during the last quarter. Advantage Investment Management LLC purchased a new position in shares of Altria Group during the fourth quarter valued at about $116,000. Perigon Wealth Management LLC boosted its position in shares of Altria Group by 4.7% in the first quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $118,000 after buying an additional 74 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of Altria Group by 97.4% in the first quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock valued at $121,000 after buying an additional 821 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new position in shares of Altria Group during the first quarter valued at about $134,000. 62.01% of the stock is currently owned by institutional investors.

Shares of Altria Group (NYSE:MO) opened at 73.42 on Friday. The company’s 50-day moving average price is $75.10 and its 200 day moving average price is $72.87. The company has a market cap of $142.36 billion, a P/E ratio of 9.94 and a beta of 0.64. Altria Group has a 52 week low of $60.82 and a 52 week high of $77.79.

Altria Group (NYSE:MO) last issued its earnings results on Tuesday, May 2nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by $0.01. Altria Group had a return on equity of 76.43% and a net margin of 55.99%. The company had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Altria Group will post $3.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Thursday, June 15th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $2.44 dividend on an annualized basis and a yield of 3.32%. Altria Group’s dividend payout ratio is currently 33.02%.

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MO has been the topic of several research reports. Vetr raised Altria Group from a “hold” rating to a “buy” rating and set a $74.89 target price on the stock in a research report on Monday, April 17th. Barclays PLC reissued an “equal weight” rating and issued a $74.00 target price on shares of Altria Group in a research report on Wednesday, March 29th. Zacks Investment Research cut Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. BidaskClub raised Altria Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada reissued a “sell” rating and issued a $62.00 target price on shares of Altria Group in a research report on Friday, May 26th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $72.34.

In other Altria Group news, Director George Munoz sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $72.35, for a total transaction of $361,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dinyar S. Devitre sold 4,285 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $70.72, for a total value of $303,035.20. Following the transaction, the director now owns 112,457 shares in the company, valued at approximately $7,952,959.04. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.

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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