Associated Banc Corp Has $8.19 Million Holdings in Altria Group (MO)

Associated Banc Corp cut its position in shares of Altria Group (NYSE:MO) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,908 shares of the company’s stock after selling 45 shares during the period. Associated Banc Corp’s holdings in Altria Group were worth $8,185,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Baystate Wealth Management LLC raised its stake in shares of Altria Group by 0.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 3,675 shares of the company’s stock valued at $270,000 after acquiring an additional 10 shares during the period. Bellwether Investment Group LLC raised its stake in shares of Altria Group by 0.3% in the 2nd quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock valued at $331,000 after acquiring an additional 12 shares during the period. Lafayette Investments Inc. raised its stake in shares of Altria Group by 0.7% in the 1st quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock valued at $276,000 after acquiring an additional 25 shares during the period. Thompson Davis & CO. Inc. raised its stake in shares of Altria Group by 0.5% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 5,757 shares of the company’s stock valued at $429,000 after acquiring an additional 29 shares during the period. Finally, Private Asset Management Inc. raised its stake in shares of Altria Group by 0.5% in the 2nd quarter. Private Asset Management Inc. now owns 6,623 shares of the company’s stock valued at $493,000 after acquiring an additional 32 shares during the period. 62.70% of the stock is currently owned by institutional investors.

Shares of Altria Group (NYSE:MO) traded up $0.10 during mid-day trading on Wednesday, hitting $70.18. 8,431,801 shares of the company were exchanged, compared to its average volume of 6,795,125. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $133,725.95, a PE ratio of 22.18, a P/E/G ratio of 2.86 and a beta of 0.62. Altria Group has a 52-week low of $60.01 and a 52-week high of $77.79.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. equities analysts forecast that Altria Group will post 3.28 earnings per share for the current fiscal year.

In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total transaction of $1,959,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

A number of equities research analysts have recently issued reports on MO shares. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price target on the stock. in a research note on Wednesday, September 6th. Zacks Investment Research raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Wednesday, October 11th. Piper Jaffray Companies reissued a “buy” rating and issued a $76.00 price target on shares of Altria Group in a research note on Friday, October 27th. Cowen reissued a “hold” rating on shares of Altria Group in a research note on Sunday, September 10th. Finally, BidaskClub cut shares of Altria Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $72.90.

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About Altria Group

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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