Altria Group (MO) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in Altria Group (NYSE:MO) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,890,109 shares of the company’s stock after selling 85,417 shares during the period. Altria Group comprises about 0.9% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 14th largest holding. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Altria Group worth $140,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Baystate Wealth Management LLC boosted its holdings in Altria Group by 0.3% in the 2nd quarter. Baystate Wealth Management LLC now owns 3,675 shares of the company’s stock worth $270,000 after buying an additional 10 shares during the last quarter. Lafayette Investments Inc. boosted its holdings in Altria Group by 0.7% in the 1st quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock worth $276,000 after buying an additional 25 shares during the last quarter. AT Bancorp boosted its holdings in Altria Group by 0.3% in the 1st quarter. AT Bancorp now owns 10,545 shares of the company’s stock worth $753,000 after buying an additional 29 shares during the last quarter. JJJ Advisors Inc. boosted its holdings in Altria Group by 0.8% in the 1st quarter. JJJ Advisors Inc. now owns 3,702 shares of the company’s stock worth $264,000 after buying an additional 29 shares during the last quarter. Finally, Advantage Investment Management LLC boosted its holdings in Altria Group by 1.9% in the 1st quarter. Advantage Investment Management LLC now owns 1,752 shares of the company’s stock worth $125,000 after buying an additional 32 shares during the last quarter. Institutional investors own 62.29% of the company’s stock.

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In related news, Director Dinyar S. Devitre sold 32,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.11% of the company’s stock.

Several research analysts have recently weighed in on the company. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 target price on the stock. in a report on Wednesday, September 6th. Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Wednesday, October 11th. Piper Jaffray Companies restated a “buy” rating and set a $76.00 target price on shares of Altria Group in a report on Friday, October 27th. BidaskClub upgraded Altria Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada upgraded Altria Group from an “underperform” rating to a “sector perform” rating and set a $62.00 target price on the stock in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $72.06.

Altria Group (NYSE:MO) opened at $65.02 on Monday. Altria Group has a twelve month low of $60.01 and a twelve month high of $77.79. The company has a market capitalization of $124,070.50, a P/E ratio of 20.58, a P/E/G ratio of 2.66 and a beta of 0.60. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. equities analysts anticipate that Altria Group will post 3.28 EPS for the current fiscal year.

Altria Group announced that its Board of Directors has initiated a share repurchase plan on Thursday, July 27th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 0.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Altria Group

Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.

Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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