3,440 Shares in Altria Group (MO) Acquired by Empirical Finance LLC

Empirical Finance LLC acquired a new stake in shares of Altria Group (NYSE:MO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,440 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MO. Sterling Investment Advisors Ltd. lifted its position in shares of Altria Group by 133.3% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after buying an additional 800 shares during the last quarter. Solaris Asset Management LLC lifted its holdings in Altria Group by 65.7% during the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after purchasing an additional 557 shares in the last quarter. CKW Financial Group purchased a new stake in Altria Group during the 2nd quarter worth about $109,000. Perigon Wealth Management LLC lifted its holdings in Altria Group by 4.7% during the 1st quarter. Perigon Wealth Management LLC now owns 1,641 shares of the company’s stock worth $118,000 after purchasing an additional 74 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in Altria Group by 97.4% during the 1st quarter. Proficio Capital Partners LLC now owns 1,664 shares of the company’s stock worth $121,000 after purchasing an additional 821 shares in the last quarter. Hedge funds and other institutional investors own 62.70% of the company’s stock.

In related news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Several analysts have weighed in on the company. Vetr cut Altria Group from a “buy” rating to a “hold” rating and set a $71.65 price target on the stock. in a report on Monday. Jefferies Group set a $72.00 price objective on Altria Group and gave the company a “hold” rating in a research report on Friday, November 17th. Zacks Investment Research lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Edward Jones upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. Finally, Berenberg Bank restated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. Altria Group has a consensus rating of “Hold” and an average target price of $72.90.

Shares of Altria Group (NYSE MO) traded up $1.50 during trading hours on Tuesday, reaching $70.08. The company’s stock had a trading volume of 9,630,800 shares, compared to its average volume of 6,788,101. The stock has a market capitalization of $130,863.67, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.80 and a beta of 0.62. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 26th. The company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.03. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. sell-side analysts predict that Altria Group will post 3.28 EPS for the current fiscal year.

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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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