UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 88,363 Shares of Altria Group, Inc. (NYSE:MO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,763,564 shares of the company's stock after selling 88,363 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.34% of Altria Group worth $294,172,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MO. Atria Investments Inc lifted its holdings in shares of Altria Group by 10.0% in the first quarter. Atria Investments Inc now owns 102,257 shares of the company's stock worth $4,460,000 after acquiring an additional 9,290 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Altria Group by 7.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 395,085 shares of the company's stock worth $17,289,000 after acquiring an additional 28,718 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Altria Group by 30.0% in the first quarter. EverSource Wealth Advisors LLC now owns 5,820 shares of the company's stock worth $255,000 after acquiring an additional 1,344 shares during the last quarter. HM Payson & Co. lifted its holdings in shares of Altria Group by 13.0% in the first quarter. HM Payson & Co. now owns 48,152 shares of the company's stock worth $2,100,000 after acquiring an additional 5,522 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Altria Group by 78.8% in the second quarter. GAMMA Investing LLC now owns 20,662 shares of the company's stock worth $941,000 after acquiring an additional 9,106 shares during the last quarter. Institutional investors own 57.41% of the company's stock.

Altria Group Stock Performance

Shares of MO stock traded up $0.09 during trading hours on Friday, hitting $57.74. 3,635,528 shares of the company were exchanged, compared to its average volume of 9,675,372. The firm has a market cap of $97.86 billion, a P/E ratio of 9.75, a P/E/G ratio of 3.28 and a beta of 0.64. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The company has a 50 day simple moving average of $52.55 and a two-hundred day simple moving average of $50.10.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping the consensus estimate 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 company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter last year, the firm posted $1.28 EPS. The company's quarterly revenue was up 18.6% on a year-over-year basis. As a group, sell-side analysts expect that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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. Bank of America lowered their price objective on Altria Group from $57.00 to $53.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Altria Group from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Barclays upped their price objective on Altria Group from $45.00 to $46.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. 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 note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Altria Group has an average rating of "Hold" and an average 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.