Altria Group Inc (MO) Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lifted its stake in Altria Group Inc (NYSE:MO) by 41.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,047 shares of the company’s stock after acquiring an additional 2,073 shares during the period. Chicago Partners Investment Group LLC’s holdings in Altria Group were worth $455,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Pekin Singer Strauss Asset Management IL raised its holdings in shares of Altria Group by 9.9% during the second quarter. Pekin Singer Strauss Asset Management IL now owns 9,510 shares of the company’s stock valued at $540,000 after acquiring an additional 859 shares during the period. Burney Co. raised its holdings in shares of Altria Group by 4.0% during the second quarter. Burney Co. now owns 22,348 shares of the company’s stock valued at $1,269,000 after acquiring an additional 859 shares during the period. Reliance Trust Co. of Delaware raised its holdings in shares of Altria Group by 1.3% during the third quarter. Reliance Trust Co. of Delaware now owns 65,627 shares of the company’s stock valued at $3,958,000 after acquiring an additional 871 shares during the period. Cpwm LLC raised its holdings in shares of Altria Group by 23.9% during the second quarter. Cpwm LLC now owns 4,527 shares of the company’s stock valued at $257,000 after acquiring an additional 874 shares during the period. Finally, 180 Wealth Advisors LLC increased its stake in Altria Group by 3.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 23,305 shares of the company’s stock valued at $1,323,000 after buying an additional 878 shares during the period. 63.33% of the stock is owned by institutional investors.

Altria Group stock opened at $63.42 on Friday. The company has a market capitalization of $122.83 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.86 and a beta of 0.40. 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 twelve month low of $53.91 and a twelve month high of $74.38.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 25th. The company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. Equities research analysts forecast that Altria Group Inc will post 3.99 earnings per share for the current year.

Several research analysts have weighed in on MO shares. Argus upped their price objective on shares of Altria Group from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, October 29th. Sanford C. Bernstein started coverage on shares of Altria Group in a research note on Tuesday, October 23rd. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Tuesday, September 25th. ValuEngine upgraded shares of Altria Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Finally, Bank of America set a $70.00 price objective on shares of Altria Group and gave the company a “buy” rating in a research note on Thursday, September 13th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $69.87.

In other Altria Group news, Director Dinyar S. Devitre sold 3,165 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The shares were 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

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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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