16,862 Shares in Altria Group Inc (NYSE:MO) Purchased by Planning Alternatives Ltd. ADV

Planning Alternatives Ltd. ADV bought a new position in shares of Altria Group Inc (NYSE:MO) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,862 shares of the company’s stock, valued at approximately $968,000.

Several other institutional investors have also recently bought and sold shares of the company. Telemus Capital LLC lifted its holdings in shares of Altria Group by 0.7% during the fourth quarter. Telemus Capital LLC now owns 29,218 shares of the company’s stock valued at $1,443,000 after purchasing an additional 207 shares during the last quarter. Intellectus Partners LLC lifted its holdings in shares of Altria Group by 3.7% during the fourth quarter. Intellectus Partners LLC now owns 5,977 shares of the company’s stock valued at $300,000 after purchasing an additional 211 shares during the last quarter. Abner Herrman & Brock LLC lifted its holdings in shares of Altria Group by 2.3% during the first quarter. Abner Herrman & Brock LLC now owns 9,426 shares of the company’s stock valued at $541,000 after purchasing an additional 213 shares during the last quarter. Riverview Trust Co lifted its holdings in shares of Altria Group by 7.5% during the first quarter. Riverview Trust Co now owns 3,084 shares of the company’s stock valued at $177,000 after purchasing an additional 214 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC lifted its holdings in shares of Altria Group by 3.5% during the first quarter. Wiley BROS. Aintree Capital LLC now owns 6,535 shares of the company’s stock valued at $375,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 64.49% of the company’s stock.

Several equities analysts have recently issued reports on MO shares. TheStreet upgraded shares of Altria Group from a “c+” rating to a “b-” rating in a report on Friday, March 29th. Bank of America lifted their target price on shares of Altria Group from $56.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. ValuEngine upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Zacks Investment Research upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a report on Monday, April 8th. Finally, Citigroup set a $52.00 target price on shares of Altria Group and gave the company a “sell” rating in a report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $61.91.

Shares of MO opened at $51.21 on Friday. The company has a market cap of $96.52 billion, a P/E ratio of 12.83, a PEG ratio of 1.62 and a beta of 0.44. The company has a quick ratio of 0.39, a current ratio of 0.62 and a debt-to-equity ratio of 1.92. Altria Group Inc has a twelve month low of $42.40 and a twelve month high of $66.04.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.02). The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.60 billion. Altria Group had a net margin of 24.87% and a return on equity of 49.42%. Altria Group’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the business earned $0.95 EPS. On average, sell-side analysts anticipate that Altria Group Inc will post 4.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 6.25%. The ex-dividend date is Thursday, June 13th. Altria Group’s dividend payout ratio (DPR) is currently 80.20%.

In related news, SVP Jody L. Begley sold 3,250 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $53.38, for a total transaction of $173,485.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP W Hildebrandt Surgner, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $52.48, for a total transaction of $104,960.00. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

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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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