HighTower Advisors LLC Has $65.52 Million Stake in Altria Group (MO)

HighTower Advisors LLC lowered its position in shares of Altria Group (NYSE:MO) by 0.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 880,935 shares of the company’s stock after selling 1,632 shares during the period. Altria Group makes up about 0.6% of HighTower Advisors LLC’s investment portfolio, making the stock its 24th largest position. HighTower Advisors LLC’s holdings in Altria Group were worth $65,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. British Columbia Investment Management Corp increased its stake in shares of Altria Group by 17.0% in the first quarter. British Columbia Investment Management Corp now owns 857,760 shares of the company’s stock worth $61,261,000 after buying an additional 124,740 shares during the last quarter. RNC Capital Management LLC increased its stake in shares of Altria Group by 3.5% in the first quarter. RNC Capital Management LLC now owns 552,435 shares of the company’s stock worth $39,455,000 after buying an additional 18,855 shares during the last quarter. Cedar Capital LLC increased its stake in shares of Altria Group by 36.4% in the first quarter. Cedar Capital LLC now owns 5,558 shares of the company’s stock worth $397,000 after buying an additional 1,484 shares during the last quarter. Intrust Bank NA increased its stake in shares of Altria Group by 3.1% in the first quarter. Intrust Bank NA now owns 23,311 shares of the company’s stock worth $1,665,000 after buying an additional 710 shares during the last quarter. Finally, Ropes Wealth Advisors LLC increased its stake in shares of Altria Group by 9.2% in the first quarter. Ropes Wealth Advisors LLC now owns 17,858 shares of the company’s stock worth $1,275,000 after buying an additional 1,502 shares during the last quarter. Institutional investors own 62.70% of the company’s stock.

In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

MO has been the subject of a number of research analyst reports. Vetr lowered shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price target for the company. in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Wednesday, October 11th. Piper Jaffray Companies restated a “buy” rating and issued a $76.00 price target on shares of Altria Group in a research note on Friday, October 27th. Cowen restated a “hold” rating on shares of Altria Group in a research note on Sunday, September 10th. Finally, BidaskClub lowered shares of Altria Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Altria Group presently has a consensus rating of “Hold” and an average target price of $72.64.

Altria Group (NYSE MO) traded down $0.06 during mid-day trading on Monday, reaching $71.48. 1,113,285 shares of the company’s stock traded hands, compared to its average volume of 6,797,847. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14. Altria Group has a 12-month low of $60.01 and a 12-month high of $77.79. The company has a market capitalization of $136,511.91, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.92 and a beta of 0.62.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating the 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 firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. equities research analysts predict that Altria Group will post 3.28 earnings per share for the current fiscal year.

The firm 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. The ex-dividend date of this dividend is Wednesday, December 20th. This represents a $2.64 annualized dividend and a yield of 3.69%. Altria Group’s payout ratio is 33.04%.

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Altria Group 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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