Mizuho Securities USA LLC Has $5.65 Million Position in Altria Group, Inc. (NYSE:MO)

Mizuho Securities USA LLC reduced its stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 16.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 110,640 shares of the company's stock after selling 21,797 shares during the period. Mizuho Securities USA LLC's holdings in Altria Group were worth $5,647,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Aviance Capital Partners LLC boosted its stake in Altria Group by 0.5% in the 3rd quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company's stock worth $2,060,000 after purchasing an additional 191 shares during the period. Delta Investment Management LLC boosted its position in shares of Altria Group by 2.9% during the second quarter. Delta Investment Management LLC now owns 7,064 shares of the company's stock worth $322,000 after buying an additional 198 shares during the period. Scarborough Advisors LLC grew its holdings in shares of Altria Group by 18.5% during the second quarter. Scarborough Advisors LLC now owns 1,283 shares of the company's stock worth $58,000 after buying an additional 200 shares in the last quarter. American Institute for Advanced Investment Management LLP raised its position in Altria Group by 3.5% in the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company's stock valued at $299,000 after buying an additional 200 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC lifted its stake in Altria Group by 3.5% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company's stock valued at $299,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 57.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MO. Stifel Nicolaus raised their price target on shares of Altria Group from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Altria Group from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, November 1st. StockNews.com raised shares of Altria Group from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Bank of America decreased their price objective on Altria Group from $57.00 to $53.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. Finally, Citigroup upped their target price on Altria Group from $44.50 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $51.33.

Altria Group Stock Performance

NYSE:MO traded up $0.71 during mid-day trading on Friday, hitting $56.74. The stock had a trading volume of 6,617,197 shares, compared to its average volume of 9,710,522. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $56.84. The stock has a market cap of $96.16 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 3.18 and a beta of 0.64. The company's 50 day simple moving average is $51.87 and its 200 day simple moving average is $49.65.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.03. The company had revenue of $6.26 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share. As a group, equities analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current 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.