Korea Investment CORP reduced its position in shares of Altria Group Inc (NYSE:MO) by 15.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,170,621 shares of the company’s stock after selling 209,700 shares during the quarter. Korea Investment CORP owned approximately 0.06% of Altria Group worth $74,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Sterling Investment Advisors Ltd. increased its position in Altria Group by 133.3% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after purchasing an additional 800 shares during the period. Solaris Asset Management LLC increased its position in Altria Group by 65.7% during the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after purchasing an additional 557 shares during the period. CKW Financial Group purchased a new position in Altria Group during the 2nd quarter valued at $109,000. Balentine LLC increased its position in Altria Group by 32.4% during the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after purchasing an additional 357 shares during the period. Finally, INR Advisory Services LLC purchased a new position in Altria Group during the 2nd quarter valued at $134,000. Institutional investors own 62.62% of the company’s stock.

Shares of Altria Group Inc (MO) opened at $72.14 on Monday. The firm has a market cap of $137,275.19, a PE ratio of 9.03, a PEG ratio of 2.94 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. 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, October 26th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.03. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the prior year, the firm posted $0.82 EPS. Altria Group’s revenue for the quarter was down 1.8% on a year-over-year basis. research analysts anticipate that Altria Group Inc will post 3.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Wednesday, December 20th. Altria Group’s dividend payout ratio is currently 33.04%.

MO has been the topic of a number of research analyst reports. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price objective on the stock. in a research report on Wednesday, September 6th. Cowen reissued a “hold” rating on shares of Altria Group in a research report on Sunday, September 10th. Royal Bank of Canada reissued a “hold” rating and set a $62.00 price objective on shares of Altria Group in a research report on Tuesday, October 3rd. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Wednesday, October 11th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $76.00 price objective on shares of Altria Group in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Altria Group currently has an average rating of “Hold” and a consensus price target of $72.57.

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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.

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

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