Brophy Wealth Management LLC Invests $993,000 in Altria Group, Inc. (NYSE:MO)

Brophy Wealth Management LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,463 shares of the company's stock, valued at approximately $993,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its holdings in Altria Group by 5.6% during the third quarter. State Street Corp now owns 73,481,686 shares of the company's stock worth $3,821,831,000 after purchasing an additional 3,910,738 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Altria Group by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company's stock worth $2,935,224,000 after purchasing an additional 589,832 shares during the last quarter. Legal & General Group Plc boosted its holdings in Altria Group by 1.6% during the second quarter. Legal & General Group Plc now owns 12,355,509 shares of the company's stock worth $562,793,000 after purchasing an additional 191,236 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Altria Group by 25.0% during the second quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company's stock worth $295,055,000 after purchasing an additional 1,299,703 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Altria Group by 5.0% during the second quarter. Victory Capital Management Inc. now owns 5,060,589 shares of the company's stock worth $230,510,000 after purchasing an additional 243,201 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Performance

Altria Group stock traded down $0.36 during midday trading on Tuesday, reaching $55.50. 8,318,166 shares of the stock were exchanged, compared to its average volume of 9,605,217. The company's fifty day moving average is $53.23 and its 200-day moving average is $50.61. The firm has a market cap of $94.06 billion, a PE ratio of 9.38, a PEG ratio of 3.26 and a beta of 0.63. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03.

Altria Group (NYSE:MO - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. Altria Group's revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 EPS. On average, sell-side analysts anticipate that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on MO. Stifel Nicolaus boosted their price target on shares of Altria Group from $54.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Barclays boosted their target price on shares of Altria Group from $45.00 to $46.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Bank of America upgraded shares of Altria Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $55.00 to $65.00 in a research note on Friday. UBS Group boosted their target price on shares of Altria Group from $39.00 to $41.00 and gave the company a "sell" rating in a research note on Monday, September 9th. Finally, Citigroup upped their price target on shares of Altria Group from $44.50 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $53.33.

Altria Group Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.