A number of other research firms also recently commented on MO. Zacks Investment Research downgraded shares of Altria Group from a buy rating to a hold rating in a research report on Wednesday, October 10th. Citigroup raised their target price on shares of Altria Group from $59.00 to $67.00 and gave the company a hold rating in a research report on Friday, September 21st. ValuEngine raised shares of Altria Group from a sell rating to a hold rating in a research report on Tuesday, October 23rd. Sanford C. Bernstein began coverage on shares of Altria Group in a research report on Tuesday, October 16th. They set a market perform rating on the stock. Finally, Piper Jaffray Companies set a $75.00 target price on shares of Altria Group and gave the company a buy rating in a research report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $69.87.
MO stock traded down $1.24 during trading on Monday, hitting $54.39. The company had a trading volume of 9,007,609 shares, compared to its average volume of 9,871,405. The company has a market capitalization of $104.53 billion, a PE ratio of 16.09, a P/E/G ratio of 1.58 and a beta of 0.40. Altria Group has a 52-week low of $53.91 and a 52-week high of $74.38. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.60 and a quick ratio of 0.36.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 25th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.22 billion. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. Sell-side analysts forecast that Altria Group will post 3.99 EPS for the current fiscal year.
In related news, Director Dinyar S. Devitre sold 3,165 shares of Altria Group stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total value of $184,962.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in MO. LFA Lugano Financial Advisors SA acquired a new stake in Altria Group during the 3rd quarter valued at approximately $103,000. IMA Wealth Inc. acquired a new stake in Altria Group during the 2nd quarter valued at approximately $106,000. Investment Partners LTD. acquired a new stake in Altria Group during the 3rd quarter valued at approximately $4,246,000. BerganKDV Wealth Management LLC acquired a new stake in Altria Group during the 2nd quarter valued at approximately $123,000. Finally, BDO Wealth Advisors LLC lifted its stake in Altria Group by 165.5% during the 2nd quarter. BDO Wealth Advisors LLC now owns 2,222 shares of the company’s stock valued at $126,000 after acquiring an additional 1,385 shares during the period. Institutional investors own 63.79% of the company’s stock.
Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
See Also: What are Institutional Investors?
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.