Weybosset Research & Management LLC acquired a new stake in shares of Altria Group Inc (NYSE:MO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,384 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Pekin Singer Strauss Asset Management IL grew its stake in shares of Altria Group by 9.9% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 9,510 shares of the company’s stock worth $540,000 after acquiring an additional 859 shares during the last quarter. Burney Co. grew its stake in shares of Altria Group by 4.0% in the second quarter. Burney Co. now owns 22,348 shares of the company’s stock worth $1,269,000 after acquiring an additional 859 shares during the last quarter. Cpwm LLC grew its stake in shares of Altria Group by 23.9% in the second quarter. Cpwm LLC now owns 4,527 shares of the company’s stock worth $257,000 after acquiring an additional 874 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in shares of Altria Group by 3.9% in the second quarter. 180 Wealth Advisors LLC now owns 23,305 shares of the company’s stock worth $1,323,000 after acquiring an additional 878 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its stake in shares of Altria Group by 16.4% in the second quarter. Jaffetilchin Investment Partners LLC now owns 6,275 shares of the company’s stock worth $356,000 after acquiring an additional 882 shares during the last quarter. 63.12% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on MO. Zacks Investment Research downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of Altria Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Citigroup lifted their price target on shares of Altria Group from $59.00 to $67.00 and gave the stock a “hold” rating in a research note on Friday, September 21st. Morgan Stanley decreased their price target on shares of Altria Group from $65.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 26th. Finally, Piper Jaffray Companies set a $75.00 price target on shares of Altria Group and gave the stock a “buy” rating in a research note on Monday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $70.28.

In other Altria Group news, Director Dinyar S. Devitre sold 3,165 shares of Altria Group 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

MO opened at $60.06 on Friday. Altria Group Inc has a fifty-two week low of $53.91 and a fifty-two week high of $74.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.31 and a current ratio of 0.65. The firm has a market cap of $113.69 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.71 and a beta of 0.61.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, July 26th. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.01. Altria Group had a net margin of 42.00% and a return on equity of 48.88%. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $5.02 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Altria Group Inc will post 4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 10th. Shareholders of record on Friday, September 14th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $3.20 dividend on an annualized basis and a yield of 5.33%. This is an increase from Altria Group’s previous quarterly dividend of $0.70. Altria Group’s payout ratio is currently 94.67%.

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.

Further Reading: Calculate Your Return on Investment (ROI)

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

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