Stifel Financial Corp reduced its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,410,258 shares of the company's stock after selling 49,641 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of Altria Group worth $71,979,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in shares of Altria Group by 420.0% in the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company's stock valued at $29,000 after purchasing an additional 462 shares during the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of Altria Group in the 2nd quarter valued at $27,000. Hobbs Group Advisors LLC bought a new stake in shares of Altria Group in the 2nd quarter valued at $30,000. Valley Wealth Managers Inc. boosted its stake in shares of Altria Group by 63.9% in the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company's stock valued at $30,000 after purchasing an additional 260 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in shares of Altria Group in the 3rd quarter valued at $41,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on MO shares. StockNews.com raised shares of Altria Group from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. UBS Group increased their target price on shares of Altria Group from $39.00 to $41.00 and gave the stock a "sell" rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Altria Group from $52.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Stifel Nicolaus increased their target price 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. Finally, Citigroup increased their target price on shares of Altria Group from $44.50 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Altria Group presently has a consensus rating of "Hold" and an average price target of $53.33.
Get Our Latest Analysis on MO
Altria Group Stock Performance
Shares of Altria Group stock traded up $0.41 during trading hours on Friday, reaching $57.32. The company's stock had a trading volume of 5,732,967 shares, compared to its average volume of 6,749,983. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The company has a market capitalization of $97.15 billion, a P/E ratio of 9.68, a P/E/G ratio of 3.21 and a beta of 0.63. The stock's fifty day simple moving average is $53.14 and its two-hundred day simple moving average is $50.51.
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, beating analysts' consensus estimates of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period last year, the firm earned $1.28 earnings per share. The business's quarterly revenue was up 18.6% compared to the same quarter last year. As a group, research analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current year.
Altria Group Profile
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Free Report)
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.
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