Daiwa SB Investments Ltd. lowered its position in shares of Altria Group Inc (NYSE:MO) by 8.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 130,980 shares of the company’s stock after selling 12,640 shares during the period. Altria Group accounts for 2.5% of Daiwa SB Investments Ltd.’s investment portfolio, making the stock its 15th biggest holding. Daiwa SB Investments Ltd.’s holdings in Altria Group were worth $9,353,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MO. YHB Investment Advisors Inc. lifted its stake in Altria Group by 1.1% in the second quarter. YHB Investment Advisors Inc. now owns 6,273 shares of the company’s stock valued at $467,000 after buying an additional 70 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Altria Group by 4.6% in the second quarter. Stratos Wealth Partners LTD. now owns 94,513 shares of the company’s stock valued at $7,038,000 after buying an additional 4,179 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its stake in Altria Group by 25.1% in the second quarter. Candriam Luxembourg S.C.A. now owns 408,651 shares of the company’s stock valued at $30,434,000 after buying an additional 82,036 shares in the last quarter. Welch & Forbes LLC lifted its stake in Altria Group by 6.0% in the second quarter. Welch & Forbes LLC now owns 30,683 shares of the company’s stock valued at $2,285,000 after buying an additional 1,732 shares in the last quarter. Finally, Korea Investment CORP lifted its stake in Altria Group by 1.7% in the second quarter. Korea Investment CORP now owns 1,380,321 shares of the company’s stock valued at $102,793,000 after buying an additional 22,729 shares in the last quarter. Hedge funds and other institutional investors own 62.75% of the company’s stock.

Shares of Altria Group Inc (NYSE:MO) opened at $64.03 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.64 and a debt-to-equity ratio of 0.85. The company has a market cap of $122,140.00, a price-to-earnings ratio of 12.06, a PEG ratio of 1.87 and a beta of 0.53. Altria Group Inc has a 1 year low of $60.01 and a 1 year high of $77.79.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.11. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.80 billion. Altria Group had a net margin of 39.97% and a return on equity of 50.01%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. research analysts forecast that Altria Group Inc will post 4 EPS for the current year.

Altria Group announced that its Board of Directors has approved a share buyback program on Thursday, February 1st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

MO has been the topic of a number of research reports. Zacks Investment Research lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price target on the stock in a research note on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $76.00 price target on shares of Altria Group in a research note on Friday, October 27th. UBS Group cut their price target on shares of Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Finally, Citigroup cut their price target on shares of Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $73.20.

In other news, CEO Craig A. Johnson sold 14,953 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $66.59, for a total value of $995,720.27. Following the sale, the chief executive officer now owns 64,809 shares of the company’s stock, valued at $4,315,631.31. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

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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.

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

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