Horizon Kinetics Asset Management LLC Boosts Stake in Altria Group, Inc. (NYSE:MO)

Horizon Kinetics Asset Management LLC increased its position in Altria Group, Inc. (NYSE:MO - Free Report) by 58.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 63,667 shares of the company's stock after buying an additional 23,611 shares during the period. Horizon Kinetics Asset Management LLC's holdings in Altria Group were worth $3,250,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MO. CWM LLC lifted its holdings in Altria Group by 15.3% in the 3rd quarter. CWM LLC now owns 305,704 shares of the company's stock worth $15,603,000 after purchasing an additional 40,574 shares in the last quarter. Regal Investment Advisors LLC raised its stake in Altria Group by 4.2% during the second quarter. Regal Investment Advisors LLC now owns 251,933 shares of the company's stock valued at $11,476,000 after purchasing an additional 10,079 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Altria Group by 2.3% during the third quarter. Commonwealth Equity Services LLC now owns 1,456,308 shares of the company's stock valued at $74,330,000 after purchasing an additional 32,318 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 valued at $2,935,224,000 after purchasing an additional 589,832 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of Altria Group by 729.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company's stock worth $100,511,000 after buying an additional 1,731,932 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company's stock.

Altria Group Stock Up 0.0 %

NYSE:MO traded up $0.02 during midday trading on Monday, hitting $56.75. The stock had a trading volume of 13,565,018 shares, compared to its average volume of 9,727,461. The stock has a 50-day moving average of $51.87 and a 200 day moving average of $49.73. The company has a market capitalization of $96.17 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 3.23 and a beta of 0.64. Altria Group, Inc. has a one year low of $39.25 and a one year high of $57.20.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) 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 the consensus estimate of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The business's revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 EPS. On average, sell-side analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group boosted their price objective on Altria Group from $39.00 to $41.00 and gave the stock a "sell" rating in a research note on Monday, September 9th. Bank of America reduced their price objective on shares of Altria Group from $57.00 to $53.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft upped their target price on Altria Group from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Stifel Nicolaus raised their price target on Altria Group from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Citigroup upped their price objective on Altria Group from $44.50 to $48.00 and gave the company a "neutral" rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Altria Group presently has an average rating of "Hold" and a consensus target price of $51.33.

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.