CreativeOne Wealth LLC Has $6.22 Million Holdings in Altria Group, Inc. (NYSE:MO)

CreativeOne Wealth LLC boosted its holdings in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 43.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,840 shares of the company's stock after purchasing an additional 37,180 shares during the period. CreativeOne Wealth LLC's holdings in Altria Group were worth $6,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MFA Wealth Advisors LLC bought a new position in shares of Altria Group in the second quarter valued at approximately $27,000. Hobbs Group Advisors LLC acquired a new stake in shares of Altria Group in the second quarter valued at approximately $30,000. Valley Wealth Managers Inc. increased its holdings in shares of Altria Group by 63.9% in the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company's stock valued at $30,000 after purchasing an additional 260 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Altria Group in the third quarter valued at approximately $41,000. Finally, Lynx Investment Advisory acquired a new stake in shares of Altria Group in the second quarter valued at approximately $44,000. Institutional investors own 57.41% of the company's stock.

Analyst Upgrades and Downgrades

MO has been the subject of a number of research reports. StockNews.com raised shares of Altria Group from a "hold" rating to a "buy" rating in a report on Monday, November 4th. UBS Group raised their price target on shares of Altria Group from $39.00 to $41.00 and gave the company a "sell" rating in a report on Monday, September 9th. Barclays lifted their target price on shares of Altria Group from $45.00 to $46.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Stifel Nicolaus lifted their target price 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. Finally, Bank of America lowered their target price on shares of Altria Group from $57.00 to $53.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Altria Group presently has a consensus rating of "Hold" and an average target price of $51.33.

Altria Group Price Performance

NYSE:MO traded up $0.06 on Wednesday, hitting $57.65. 5,473,578 shares of the company's stock were exchanged, compared to its average volume of 9,701,619. The firm has a 50-day moving average price of $52.11 and a 200-day moving average price of $49.90. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03. The company has a market cap of $97.71 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 3.23 and a beta of 0.64.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.03. The company 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 for the quarter was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 EPS. On average, research analysts expect that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

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.