Today: Today, 7,532 Shares of Altria Group (MO) are sold by Exxonmobil Investment Management Inc. TX

Today, 7,532 Shares of Altria Group (MO) are sold by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX lowered its position in Altria Group (NYSE:MO) by 1.5% during the third quarter, Holdings Channel reports. The fund owned 498,889 shares of the company’s stock after selling 7,532 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Altria Group were worth $31,545,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Stokes & Hubbell Capital Management LLC boosted its stake in shares of Altria Group by 2.8% in the third quarter. Stokes & Hubbell Capital Management LLC now owns 22,077 shares of the company’s stock worth $1,396,000 after buying an additional 610 shares during the last quarter. Bremer Trust National Association boosted its stake in Altria Group by 1.0% in the third quarter. Bremer Trust National Association now owns 68,356 shares of the company’s stock valued at $4,323,000 after buying an additional 665 shares in the last quarter. Independence Advisors LLC boosted its stake in Altria Group by 53.3% in the third quarter. Independence Advisors LLC now owns 7,327 shares of the company’s stock valued at $463,000 after buying an additional 2,546 shares in the last quarter. Foundry Partners LLC boosted its stake in Altria Group by 19.6% in the third quarter. Foundry Partners LLC now owns 306,321 shares of the company’s stock valued at $19,369,000 after buying an additional 50,096 shares in the last quarter. Finally, Baystate Wealth Management LLC boosted its stake in Altria Group by 7.5% in the third quarter. Baystate Wealth Management LLC now owns 3,222 shares of the company’s stock valued at $204,000 after buying an additional 224 shares in the last quarter. 60.04% of the stock is owned by hedge funds and other institutional investors.

Altria Group (NYSE:MO) traded up 0.54% on Monday, reaching $64.83. The company’s stock had a trading volume of 3,296,701 shares. The company has a 50-day moving average price of $63.51 and a 200 day moving average price of $65.25. The company has a market cap of $126.55 billion, a P/E ratio of 24.37 and a beta of 0.57. Altria Group has a 12 month low of $56.15 and a 12 month high of $70.15.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 27th. The company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. Altria Group had a return on equity of 202.19% and a net margin of 20.19%. The company earned $6.90 billion during the quarter, compared to the consensus estimate of $5.11 billion. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that Altria Group will post $3.03 EPS for the current fiscal year.

MO has been the subject of several research reports. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $75.77 price objective for the company. in a research report on Monday, August 1st. Argus set a $73.00 price objective on Altria Group and gave the company a “buy” rating in a research report on Monday, August 1st. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Citigroup Inc. initiated coverage on Altria Group in a research report on Monday, September 12th. They issued a “buy” rating and a $72.00 price objective for the company. Finally, reduced their price objective on Altria Group from $69.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, September 15th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $69.94.

In other news, CEO Martin J. Barrington sold 15,960 shares of Altria Group stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $65.85, for a total transaction of $1,050,966.00. Following the completion of the transaction, the chief executive officer now directly owns 833,577 shares in the company, valued at approximately $54,891,045.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

About Altria Group

Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.

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