Asset Management One Co. Ltd. Sells 13,152 Shares of Altria Group, Inc. $MO

Asset Management One Co. Ltd. decreased its position in Altria Group, Inc. (NYSE:MO) by 1.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 844,623 shares of the company’s stock after selling 13,152 shares during the period. Asset Management One Co. Ltd. owned 0.05% of Altria Group worth $60,771,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in Altria Group during the 2nd quarter valued at about $27,000. Navalign LLC purchased a new stake in shares of Altria Group in the 4th quarter worth approximately $28,000. Hughes Financial Services LLC boosted its stake in shares of Altria Group by 62.9% during the fourth quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock valued at $29,000 after purchasing an additional 197 shares in the last quarter. Miller Capital Partners Inc. bought a new position in shares of Altria Group during the fourth quarter valued at approximately $29,000. Finally, Quattro Advisors LLC bought a new position in shares of Altria Group during the fourth quarter valued at approximately $33,000. Institutional investors own 57.41% of the company’s stock.

BTIG Research began coverage on Altria Group in a research report on Tuesday, July 21st. They set a “neutral” rating on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $77.00 price objective on shares of Altria Group in a research note on Thursday, April 30th. Citigroup increased their target price on shares of Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Barclays lowered their target price on shares of Altria Group from $64.00 to $58.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th.

Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $70.11.

Director Ellen R. Strahlman sold 2,000 shares of Altria Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total transaction of $145,120.00. Following the sale, the director directly owned 25,102 shares in the company, valued at $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $418,327.50. Following the completion of the sale, the director directly owned 73,809 shares of the company’s stock, valued at $5,332,700.25. The trade was a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

Shares of MO opened at $65.72 on Friday. The firm has ...