Fort Washington Investment Advisors Inc. OH bought a new position in shares of Altria Group Inc (NYSE:MO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,298 shares of the company’s stock, valued at approximately $259,000.

Several other hedge funds have also recently bought and sold shares of the company. First Hawaiian Bank raised its holdings in Altria Group by 53.1% during the second quarter. First Hawaiian Bank now owns 6,515 shares of the company’s stock valued at $370,000 after acquiring an additional 2,260 shares during the period. Cornerstone Wealth Management LLC raised its holdings in Altria Group by 5,340.9% during the second quarter. Cornerstone Wealth Management LLC now owns 1,271,754 shares of the company’s stock valued at $22,764,000 after acquiring an additional 1,248,380 shares during the period. North Star Investment Management Corp. raised its holdings in Altria Group by 9.8% during the second quarter. North Star Investment Management Corp. now owns 26,245 shares of the company’s stock valued at $1,490,000 after acquiring an additional 2,353 shares during the period. RNC Capital Management LLC raised its holdings in Altria Group by 1.9% during the second quarter. RNC Capital Management LLC now owns 624,068 shares of the company’s stock valued at $35,441,000 after acquiring an additional 11,386 shares during the period. Finally, LS Investment Advisors LLC raised its holdings in Altria Group by 7.8% during the second quarter. LS Investment Advisors LLC now owns 44,337 shares of the company’s stock valued at $2,518,000 after acquiring an additional 3,193 shares during the period. 63.79% of the stock is currently owned by institutional investors and hedge funds.

MO has been the topic of several research reports. Piper Jaffray Companies set a $75.00 target price on Altria Group and gave the stock a “buy” rating in a report on Monday, July 23rd. Stifel Nicolaus reduced their target price on Altria Group from $78.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, July 27th. ValuEngine raised Altria Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Jefferies Financial Group cut Altria Group from a “buy” rating to a “hold” rating and set a $61.00 target price on the stock. in a report on Friday, August 24th. Finally, Bank of America set a $70.00 target price on Altria Group and gave the stock a “buy” rating in a report on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $69.87.

Shares of NYSE:MO opened at $56.78 on Monday. The company has a market capitalization of $106.69 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.61 and a beta of 0.40. Altria Group Inc has a 52 week low of $53.91 and a 52 week high of $74.38. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 0.77.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 25th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. On average, sell-side analysts predict that Altria Group Inc will post 3.99 EPS for the current fiscal year.

In other news, Director Dinyar S. Devitre sold 3,165 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $58.44, for a total transaction of $184,962.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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

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