Altria Group Inc (MO) Shares Bought by Lenox Wealth Advisors Inc.

Lenox Wealth Advisors Inc. grew its position in shares of Altria Group Inc (NYSE:MO) by 34,622.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,125 shares of the company’s stock after purchasing an additional 3,116 shares during the quarter. Lenox Wealth Advisors Inc.’s holdings in Altria Group were worth $223,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Bellwether Investment Group LLC increased its position in shares of Altria Group by 0.3% during the 2nd quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock valued at $331,000 after purchasing an additional 12 shares during the period. YorkBridge Wealth Partners LLC increased its position in shares of Altria Group by 0.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 4,912 shares of the company’s stock valued at $366,000 after purchasing an additional 28 shares during the period. Cheviot Value Management LLC increased its position in shares of Altria Group by 1.0% during the 2nd quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock valued at $218,000 after purchasing an additional 28 shares during the period. Thompson Davis & CO. Inc. increased its position in shares of Altria Group by 0.5% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 5,757 shares of the company’s stock valued at $429,000 after purchasing an additional 29 shares during the period. Finally, Donaldson Capital Management LLC increased its position in shares of Altria Group by 0.7% during the 2nd quarter. Donaldson Capital Management LLC now owns 4,378 shares of the company’s stock valued at $326,000 after purchasing an additional 32 shares during the period. Institutional investors own 63.01% of the company’s stock.

Several equities analysts have recently issued reports on the company. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. Royal Bank of Canada reissued a “sector perform” rating and set a $62.00 price objective (down from $65.00) on shares of Altria Group in a research note on Monday, February 5th. Vetr raised Altria Group from a “hold” rating to a “buy” rating and set a $71.45 price objective for the company in a research note on Monday, February 5th. Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Tuesday, February 6th. Finally, Piper Jaffray Companies raised their price objective on Altria Group from $76.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Altria Group currently has a consensus rating of “Buy” and an average price target of $73.66.

Shares of Altria Group Inc (NYSE:MO) opened at $64.59 on Friday. The firm has a market capitalization of $123,250.00, a price-to-earnings ratio of 12.12, a PEG ratio of 1.87 and a beta of 0.53. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.31 and a current ratio of 0.64. Altria Group Inc has a one year low of $60.01 and a one year high of $77.79.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, February 1st. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Altria Group had a return on equity of 50.01% and a net margin of 39.97%. Altria Group’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. research analysts anticipate that Altria Group Inc will post 3.99 earnings per share for the current year.

Altria Group announced that its Board of Directors has approved a stock buyback program on Thursday, February 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, CEO Craig A. Johnson sold 14,953 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $66.59, for a total value of $995,720.27. Following the completion of the sale, the chief executive officer now owns 64,809 shares of the company’s stock, valued at $4,315,631.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James E. Dillard III sold 6,500 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $63.13, for a total value of $410,345.00. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

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Altria Group Profile

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.

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

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