Altria Group, Inc. (NYSE:MO) Stock Position Lifted by Larson Financial Group LLC

Larson Financial Group LLC grew its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 115.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,645 shares of the company's stock after acquiring an additional 10,509 shares during the quarter. Larson Financial Group LLC's holdings in Altria Group were worth $1,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MO. MFA Wealth Advisors LLC purchased a new stake in shares of Altria Group in the second quarter valued at $27,000. Hobbs Group Advisors LLC purchased a new stake in shares of Altria Group in the second quarter valued at $30,000. Valley Wealth Managers Inc. lifted its position 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 acquiring an additional 260 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of Altria Group in the third quarter valued at $41,000. Finally, Lynx Investment Advisory purchased a new stake in shares of Altria Group in the second quarter valued at $44,000. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays upped their price objective on Altria Group from $45.00 to $46.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Stifel Nicolaus upped their target price on Altria Group from $54.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Citigroup upped their target price on Altria Group from $44.50 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, October 8th. 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. Finally, UBS Group upped their target price on Altria Group from $39.00 to $41.00 and gave the company a "sell" rating in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $51.33.

Altria Group Stock Up 0.0 %

Shares of NYSE MO traded up $0.02 on Monday, hitting $56.75. The company had a trading volume of 13,565,018 shares, compared to its average volume of 9,727,461. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $57.20. The business has a 50 day moving average of $51.97 and a two-hundred day moving average of $49.81. The firm has a market capitalization of $96.17 billion, a P/E ratio of 9.59, a PEG ratio of 3.23 and a beta of 0.64.

Altria Group (NYSE:MO - Get Free Report) last issued its earnings results 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. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. The company's revenue was up 18.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Altria Group Company 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.