SVA Plumb Wealth Management LLC lessened its stake in shares of Altria Group (NYSE:MO) by 0.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,663 shares of the company’s stock after selling 22 shares during the period. SVA Plumb Wealth Management LLC’s holdings in Altria Group were worth $1,092,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. British Columbia Investment Management Corp lifted its position in shares of Altria Group by 17.0% in the first quarter. British Columbia Investment Management Corp now owns 857,760 shares of the company’s stock valued at $61,261,000 after acquiring an additional 124,740 shares in the last quarter. RNC Capital Management LLC lifted its position in shares of Altria Group by 3.5% in the first quarter. RNC Capital Management LLC now owns 552,435 shares of the company’s stock worth $39,455,000 after buying an additional 18,855 shares in the last quarter. Cedar Capital LLC lifted its position in shares of Altria Group by 36.4% in the first quarter. Cedar Capital LLC now owns 5,558 shares of the company’s stock worth $397,000 after buying an additional 1,484 shares in the last quarter. Intrust Bank NA lifted its position in shares of Altria Group by 3.1% in the first quarter. Intrust Bank NA now owns 23,311 shares of the company’s stock worth $1,665,000 after buying an additional 710 shares in the last quarter. Finally, Ropes Wealth Advisors LLC lifted its position in shares of Altria Group by 9.2% in the first quarter. Ropes Wealth Advisors LLC now owns 17,858 shares of the company’s stock worth $1,275,000 after buying an additional 1,502 shares in the last quarter. 62.70% of the stock is owned by institutional investors and hedge funds.

Altria Group (NYSE:MO) traded up $1.50 on Tuesday, hitting $70.08. The stock had a trading volume of 9,630,800 shares, compared to its average volume of 6,788,101. The company has a market capitalization of $130,863.67, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.80 and a beta of 0.62. Altria Group has a 1 year low of $60.01 and a 1 year high of $77.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. sell-side analysts expect that Altria Group will post 3.28 EPS for the current year.

A number of research firms recently commented on MO. Vetr downgraded Altria Group from a “buy” rating to a “hold” rating and set a $71.65 target price on the stock. in a research report on Monday. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. UBS reissued a “hold” rating on shares of Altria Group in a research note on Tuesday, August 8th. Royal Bank Of Canada reissued a “hold” rating and set a $62.00 price objective on shares of Altria Group in a research note on Tuesday, October 3rd. Finally, Cowen raised Altria Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $64.00 to $71.00 in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. Altria Group presently has an average rating of “Hold” and an average price target of $72.90.

In related news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.

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About Altria Group

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.

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

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