Altria Group Inc (NYSE:MO) Shares Sold by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL lowered its holdings in shares of Altria Group Inc (NYSE:MO) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,563 shares of the company’s stock after selling 2,000 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Altria Group were worth $1,209,000 at the end of the most recent reporting period.

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Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Altria Group by 0.4% during the second quarter. Vanguard Group Inc. now owns 147,103,311 shares of the company’s stock worth $6,965,342,000 after purchasing an additional 525,023 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Altria Group by 2.8% during the second quarter. Janus Henderson Group PLC now owns 18,731,425 shares of the company’s stock worth $886,937,000 after purchasing an additional 514,526 shares in the last quarter. Invesco Ltd. increased its position in shares of Altria Group by 5.3% during the second quarter. Invesco Ltd. now owns 16,374,473 shares of the company’s stock worth $775,331,000 after purchasing an additional 817,834 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Altria Group by 4.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 14,453,582 shares of the company’s stock worth $684,378,000 after purchasing an additional 552,118 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Altria Group by 11.0% during the second quarter. Morgan Stanley now owns 8,811,852 shares of the company’s stock worth $417,241,000 after purchasing an additional 870,944 shares in the last quarter. 62.58% of the stock is owned by institutional investors and hedge funds.

Shares of Altria Group stock traded up $0.01 during trading on Wednesday, hitting $50.11. 8,258,149 shares of the company were exchanged, compared to its average volume of 10,181,819. The company has a quick ratio of 0.27, a current ratio of 0.56 and a debt-to-equity ratio of 2.53. Altria Group Inc has a fifty-two week low of $39.30 and a fifty-two week high of $57.88. The stock has a market capitalization of $93.58 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.85 and a beta of 0.43. The firm has a 50 day moving average price of $47.04 and a 200 day moving average price of $46.97.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.04. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.34 billion. Altria Group had a return on equity of 56.17% and a net margin of 7.00%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. Analysts predict that Altria Group Inc will post 4.21 earnings per share for the current year.

A number of research firms have recently commented on MO. Argus set a $60.00 target price on Altria Group and gave the stock a “buy” rating in a research report on Thursday, October 10th. TheStreet cut Altria Group from a “b-” rating to a “c+” rating in a research report on Wednesday, August 14th. Cowen reaffirmed a “hold” rating on shares of Altria Group in a report on Thursday, September 12th. Bank of America set a $54.00 price objective on Altria Group and gave the company a “buy” rating in a report on Friday, November 1st. Finally, ValuEngine lowered Altria Group from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Altria Group currently has an average rating of “Buy” and a consensus price target of $54.43.

About Altria Group

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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