Fox Run Management L.L.C. bought a new position in shares of Altria Group Inc (NYSE:MO) during the 4th quarter, HoldingsChannel reports. The fund bought 16,340 shares of the company’s stock, valued at approximately $1,167,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Alley Co LLC lifted its stake in shares of Altria Group by 1.8% in the second quarter. Alley Co LLC now owns 99,529 shares of the company’s stock valued at $7,412,000 after buying an additional 1,748 shares in the last quarter. Advisor Partners LLC lifted its stake in shares of Altria Group by 4.1% in the second quarter. Advisor Partners LLC now owns 67,048 shares of the company’s stock valued at $4,993,000 after buying an additional 2,653 shares in the last quarter. Pineno Levin & Ford Asset Management Inc. lifted its stake in shares of Altria Group by 1.7% in the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 5,831 shares of the company’s stock valued at $434,000 after buying an additional 100 shares in the last quarter. Armbruster Capital Management Inc. lifted its stake in shares of Altria Group by 5.7% in the second quarter. Armbruster Capital Management Inc. now owns 3,391 shares of the company’s stock valued at $253,000 after buying an additional 182 shares in the last quarter. Finally, Financial Advisory Service Inc. lifted its stake in shares of Altria Group by 3.7% in the second quarter. Financial Advisory Service Inc. now owns 11,566 shares of the company’s stock valued at $861,000 after buying an additional 408 shares in the last quarter. 62.61% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP James E. Dillard III sold 6,500 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $63.13, for a total transaction of $410,345.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig A. Johnson sold 14,953 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $66.59, for a total transaction of $995,720.27. Following the sale, the chief executive officer now owns 64,809 shares of the company’s stock, valued at approximately $4,315,631.31. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Shares of Altria Group Inc (MO) opened at $65.18 on Thursday. The company has a market cap of $124,380.00, a PE ratio of 12.23, a PEG ratio of 1.90 and a beta of 0.53. The company has a quick ratio of 0.31, a current ratio of 0.64 and a debt-to-equity ratio of 0.85. 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 earnings results on Thursday, February 1st. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted $0.68 earnings per share. sell-side analysts expect that Altria Group Inc will post 4 EPS for the current year.

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

MO has been the topic of a number of recent research reports. Vetr raised shares of Altria Group from a “buy” rating to a “strong-buy” rating and set a $71.89 price objective on the stock in a research note on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Altria Group in a research note on Friday, October 27th. UBS Group dropped their price objective 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. Citigroup dropped their price objective 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. Finally, Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Altria Group currently has an average rating of “Buy” and an average target price of $73.66.

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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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