Altria Group Inc (MO) Position Decreased by MAI Capital Management

MAI Capital Management reduced its stake in shares of Altria Group Inc (NYSE:MO) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,297 shares of the company’s stock after selling 4,302 shares during the quarter. MAI Capital Management’s holdings in Altria Group were worth $6,040,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MO. FMR LLC lifted its holdings in Altria Group by 14.1% in the second quarter. FMR LLC now owns 37,263,858 shares of the company’s stock worth $2,116,214,000 after buying an additional 4,613,088 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Altria Group by 6.3% during the second quarter. Advisors Asset Management Inc. now owns 463,956 shares of the company’s stock valued at $26,348,000 after purchasing an additional 27,615 shares during the last quarter. TMD & Associates Inc. purchased a new position in shares of Altria Group during the third quarter valued at approximately $202,000. Peoples Financial Services CORP. lifted its holdings in shares of Altria Group by 10.3% during the third quarter. Peoples Financial Services CORP. now owns 10,697 shares of the company’s stock valued at $645,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Lau Associates LLC lifted its holdings in shares of Altria Group by 89.2% during the third quarter. Lau Associates LLC now owns 17,881 shares of the company’s stock valued at $1,078,000 after purchasing an additional 8,431 shares during the last quarter. Institutional investors and hedge funds own 65.70% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Altria Group in a report on Tuesday, October 16th. They set a “market perform” rating for the company. Morgan Stanley lowered shares of Altria Group from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 22nd. ValuEngine upgraded shares of Altria Group from a “strong sell” rating to a “sell” rating in a report on Thursday, January 31st. Citigroup lowered shares of Altria Group from a “neutral” rating to a “sell” rating in a report on Friday, December 21st. Finally, Cowen lowered shares of Altria Group from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $66.71.

Shares of MO opened at $48.84 on Monday. The company has a market cap of $91.77 billion, a P/E ratio of 12.24, a PEG ratio of 1.46 and a beta of 0.36. The company has a quick ratio of 0.09, a current ratio of 0.20 and a debt-to-equity ratio of 0.80. Altria Group Inc has a twelve month low of $42.40 and a twelve month high of $66.53.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, January 31st. The company reported $0.95 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.81 billion. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. During the same quarter last year, the firm earned $0.91 earnings per share. On average, sell-side analysts anticipate that Altria Group Inc will post 4.2 EPS for the current fiscal year.

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Altria Group 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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