Texas Yale Capital Corp. decreased its position in Altria Group (NYSE:MO) by 9.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,190 shares of the company’s stock after selling 8,675 shares during the period. Texas Yale Capital Corp.’s holdings in Altria Group were worth $6,084,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MO. Acropolis Investment Management LLC raised its position in Altria Group by 0.3% in the first quarter. Acropolis Investment Management LLC now owns 1,939 shares of the company’s stock worth $138,000 after buying an additional 5 shares during the last quarter. Mascoma Wealth Management LLC raised its position in Altria Group by 0.3% in the first quarter. Mascoma Wealth Management LLC now owns 2,701 shares of the company’s stock worth $193,000 after buying an additional 8 shares during the last quarter. HM Capital Management LLC raised its position in Altria Group by 0.3% in the first quarter. HM Capital Management LLC now owns 3,435 shares of the company’s stock worth $245,000 after buying an additional 9 shares during the last quarter. Strategic Financial Group LLC raised its position in Altria Group by 0.4% in the first quarter. Strategic Financial Group LLC now owns 3,293 shares of the company’s stock worth $235,000 after buying an additional 14 shares during the last quarter. Finally, AT Bancorp raised its position in Altria Group by 0.3% in the first quarter. AT Bancorp now owns 10,545 shares of the company’s stock worth $753,000 after buying an additional 29 shares during the last quarter. 61.99% of the stock is owned by institutional investors.

Altria Group (NYSE:MO) opened at 71.73 on Thursday. The firm has a market capitalization of $139.08 billion, a PE ratio of 9.71 and a beta of 0.64. Altria Group has a one year low of $60.82 and a one year high of $77.79. The stock’s 50 day moving average price is $74.79 and its 200 day moving average price is $73.00.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Tuesday, May 2nd. The company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.01. Altria Group had a return on equity of 76.43% and a net margin of 55.99%. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts expect that Altria Group will post $3.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Thursday, June 15th were paid 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 dividend yield of 3.40%. Altria Group’s dividend payout ratio (DPR) is 33.02%.

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A number of equities analysts have weighed in on the company. Vetr upgraded Altria Group from a “hold” rating to a “buy” rating and set a $74.89 price objective for the company in a research note on Monday, April 3rd. Cowen and Company restated a “hold” rating and issued a $74.00 price target on shares of Altria Group in a research note on Tuesday, July 11th. Piper Jaffray Companies assumed coverage on Altria Group in a research note on Wednesday, May 24th. They issued an “overweight” rating and a $76.00 price target for the company. Zacks Investment Research lowered Altria Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $70.00 price target (down previously from $71.00) on shares of Altria Group in a research note on Monday, July 17th. Three investment 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 stock has a consensus rating of “Hold” and a consensus price target of $72.34.

In other news, Director Dinyar S. Devitre sold 4,285 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $70.72, for a total transaction of $303,035.20. Following the completion of the transaction, the director now directly owns 112,457 shares of the company’s stock, valued at approximately $7,952,959.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George Munoz sold 5,000 shares of the firm’s 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 disclosure for this sale can be found here. Company 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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