Altria Group Inc (MO) Shares Bought by Benjamin F. Edwards & Company Inc.

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Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Altria Group Inc (NYSE:MO) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,963 shares of the company’s stock after acquiring an additional 1,878 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Altria Group were worth $1,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in Altria Group by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 3,036,027 shares of the company’s stock worth $189,205,000 after buying an additional 81,646 shares during the last quarter. Washington Trust Bank grew its stake in shares of Altria Group by 3.1% in the 2nd quarter. Washington Trust Bank now owns 120,814 shares of the company’s stock valued at $6,862,000 after purchasing an additional 3,682 shares during the last quarter. First Financial Bank Trust Division grew its stake in shares of Altria Group by 7.2% in the 2nd quarter. First Financial Bank Trust Division now owns 17,845 shares of the company’s stock valued at $1,014,000 after purchasing an additional 1,203 shares during the last quarter. Gulf International Bank UK Ltd grew its stake in shares of Altria Group by 3.9% in the 2nd quarter. Gulf International Bank UK Ltd now owns 36,581 shares of the company’s stock valued at $2,077,000 after purchasing an additional 1,366 shares during the last quarter. Finally, Newman Dignan & Sheerar Inc. grew its stake in shares of Altria Group by 31.2% in the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 5,761 shares of the company’s stock valued at $327,000 after purchasing an additional 1,370 shares during the last quarter. 63.23% of the stock is currently owned by institutional investors and hedge funds.

Altria Group stock opened at $65.87 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.36 and a debt-to-equity ratio of 0.77. Altria Group Inc has a 1-year low of $53.91 and a 1-year high of $74.38. The company has a market capitalization of $118.55 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 1.79 and a beta of 0.61.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 25th. The company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. Altria Group had a return on equity of 48.31% and a net margin of 42.13%. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.22 billion. On average, equities analysts anticipate that Altria Group Inc will post 4 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 10th. Investors of record on Friday, September 14th were paid a $0.80 dividend. The ex-dividend date was Thursday, September 13th. This is an increase from Altria Group’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.86%. Altria Group’s payout ratio is 94.67%.

In related news, Director Dinyar S. Devitre sold 3,165 shares of Altria Group stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $58.44, for a total value of $184,962.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by insiders.

Several research analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on Altria Group in a research note on Tuesday, October 16th. They issued a “market perform” rating on the stock. Stifel Nicolaus lowered their target price on Altria Group from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. ValuEngine upgraded Altria Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Tuesday, September 25th. Finally, Bank of America set a $70.00 target price on Altria Group and gave the company a “buy” rating in a research note on Thursday, September 13th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $69.87.

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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