Vanguard Capital Wealth Advisors acquired a new stake in Altria Group Inc (NYSE:MO) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 7,583 shares of the company’s stock, valued at approximately $542,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Cheviot Value Management LLC grew its holdings in shares of Altria Group by 1.0% during the second quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock valued at $218,000 after purchasing an additional 28 shares during the last quarter. Shelton Capital Management grew its holdings in shares of Altria Group by 0.3% during the second quarter. Shelton Capital Management now owns 22,330 shares of the company’s stock valued at $1,663,000 after purchasing an additional 75 shares during the last quarter. Aspen Investment Management Inc grew its holdings in shares of Altria Group by 1.1% during the second quarter. Aspen Investment Management Inc now owns 6,966 shares of the company’s stock valued at $519,000 after purchasing an additional 75 shares during the last quarter. Southeast Asset Advisors Inc. grew its holdings in shares of Altria Group by 1.0% during the second quarter. Southeast Asset Advisors Inc. now owns 8,938 shares of the company’s stock valued at $666,000 after purchasing an additional 87 shares during the last quarter. Finally, PagnatoKarp Partners LLC grew its holdings in shares of Altria Group by 1.1% during the second quarter. PagnatoKarp Partners LLC now owns 8,718 shares of the company’s stock valued at $655,000 after purchasing an additional 97 shares during the last quarter. 62.54% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts have recently commented on the company. Vetr raised Altria Group from a “hold” rating to a “buy” rating and set a $71.45 target price for the company in a report on Monday, February 5th. Zacks Investment Research lowered Altria Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Jefferies Group raised Altria Group from a “hold” rating to a “buy” rating and lowered their target price for the company from $70.04 to $70.00 in a report on Friday, January 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $62.00 target price (down from $65.00) on shares of Altria Group in a report on Monday, February 5th. Finally, Argus reaffirmed a “buy” rating and set a $79.00 target price (up from $66.13) on shares of Altria Group in a report on Wednesday, March 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $74.53.

Shares of NYSE MO opened at $64.25 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.64 and a quick ratio of 0.31. The company has a market cap of $121,533.71, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.85 and a beta of 0.62. Altria Group Inc has a 12-month low of $59.07 and a 12-month high of $77.79.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.80 billion. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. analysts predict that Altria Group Inc will post 4.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 10th. Stockholders of record on Thursday, March 15th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, March 14th. This is an increase from Altria Group’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a dividend yield of 4.36%. Altria Group’s payout ratio is currently 82.84%.

Altria Group announced that its board has authorized a share repurchase program on Thursday, February 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other Altria Group news, CEO Brian W. Quigley sold 3,464 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $62.40, for a total value of $216,153.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig A. Johnson sold 14,953 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $66.59, for a total value of $995,720.27. Following the completion of the sale, the chief executive officer now owns 64,809 shares of the company’s stock, valued at $4,315,631.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,117 shares of company stock valued at $1,821,707. Insiders own 0.11% of the company’s stock.

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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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