Altria Group, Inc. (NYSE:MO) Shares Purchased by Investment Management Corp of Ontario

During the third quarter, Investment Management Corp of Ontario increased its holdings in Altria Group, Inc. (NYSE:MO - Rating Report) by 48.7%. The company’s information filed with the Securities and Exchange Commission showed that the company had bought 18,700 shares of the company’s stock in the period. The company's stock ownership included investment of 57,096 shares of the company's stock which were bought during the period. The holdings of Investment Management Corp of Ontario in Altria Group was estimated to be worth $2,914,000 based on the latest filing with the Securities and Exchange Commission.

Other major investors who have recently altered their positions in the company include: Several other hedge funds also have recently changed their positions and the shares of the stock. Among them, Simplicity Wealth LLC upgraded its position in the company’s shares by 16.4% in the second quarter. The value of the portfolio held by Simplicity Wealth LLC in the company’s stock was $2,559,000 including 56,185 shares that were bought during the period. In the second quarter, Clarius Group LLC amplified its collection of Altria Group by 57. 2% – As a result, Clarius Group LLC bought 6,765 shares of the company’s stock in the last quarter to take the company’s stock to 18,591 shares. Manning & Napier Advisors LLC bought new position in Altria Group during the 2nd quarter, the value of the investment was $2.73 million. OLD National Bancorp IN enhanced its stake in Altria Group by 2. 7% during the 2nd quarter. The ownership of the company’s stock was increased to 170,605 shares from the previous total of 167,089 shares that were bought in the last quarter. Lastly, Walker Asset Management LLC increased its holdings of Altria Group by a bulk of 2. 1% over the course of the 2nd quarter. Walker Asset Management LLC purchased a total of 360 more shares in the company in the last quarter to bring the company’s shares to 17,152. About 57. 41% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on MO. Bank of America cut the price target on the shares of Altria Group to $53. 00 from $57. 00 and issued a “neutral” recommendation on the stock in a research note published on Tuesday, October 15. Stifel Nicolaus upgraded Altria Group from Hold rating to Buy rating and the price target was increased to $60 from $54 in a research note issued on Friday, November 1. Deutsche Bank Aktiengesellschaft upgraded its recommendation on the shares of Altria Group to buy from hold and the price target was raised to $60 from $52 in a research note issued on Friday, November 1. The latest research note from Citi has upgraded the price target on Altria Group to $48. 00 from the previous $44. 50 and a “neutral” rating was given.

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