Moseley Investment Management Inc. trimmed its stake in Altria Group Inc (NYSE:MO) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,656 shares of the company’s stock after selling 368 shares during the period. Altria Group makes up approximately 1.4% of Moseley Investment Management Inc.’s portfolio, making the stock its 17th biggest holding. Moseley Investment Management Inc.’s holdings in Altria Group were worth $1,546,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MO. FMR LLC grew its position in Altria Group by 68.1% during the first quarter. FMR LLC now owns 78,710,352 shares of the company’s stock valued at $4,520,337,000 after acquiring an additional 31,883,878 shares during the last quarter. Geode Capital Management LLC grew its position in Altria Group by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 24,928,440 shares of the company’s stock valued at $1,229,235,000 after acquiring an additional 1,908,626 shares during the last quarter. Janus Henderson Group PLC grew its position in Altria Group by 5.4% during the first quarter. Janus Henderson Group PLC now owns 18,216,899 shares of the company’s stock valued at $1,046,193,000 after acquiring an additional 926,612 shares during the last quarter. Legal & General Group Plc grew its position in Altria Group by 1.0% during the fourth quarter. Legal & General Group Plc now owns 8,142,832 shares of the company’s stock valued at $402,175,000 after acquiring an additional 83,052 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Altria Group by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,006,715 shares of the company’s stock valued at $296,655,000 after acquiring an additional 93,073 shares during the last quarter. Institutional investors own 64.39% of the company’s stock.

Shares of MO stock opened at $49.86 on Friday. The business has a fifty day simple moving average of $49.57. Altria Group Inc has a 52 week low of $42.40 and a 52 week high of $66.04. The stock has a market capitalization of $93.28 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.39. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.62 and a quick ratio of 0.39.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Altria Group had a return on equity of 49.42% and a net margin of 24.87%. The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the previous year, the business earned $0.95 EPS. The business’s revenue was down 6.0% compared to the same quarter last year. As a group, research analysts predict that Altria Group Inc will post 4.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 14th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend was Thursday, June 13th. Altria Group’s payout ratio is 80.20%.

A number of research firms have recently weighed in on MO. ValuEngine raised USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Zacks Investment Research lowered Wix.Com from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. Morgan Stanley dropped their price objective on Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Goldman Sachs Group set a €135.00 ($156.98) price objective on SAP and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Citigroup set a $221.00 price objective on 3M and gave the company a “buy” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Altria Group has an average rating of “Hold” and a consensus target price of $60.53.

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

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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