TCG Advisory Services LLC Makes New $226,000 Investment in Altria Group, Inc. (NYSE:MO)

TCG Advisory Services LLC bought a new position in shares of Altria Group, Inc. (NYSE:MOGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,420 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Altria Group by 6.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 144,656 shares of the company’s stock worth $6,042,000 after buying an additional 9,079 shares during the last quarter. Oarsman Capital Inc. bought a new position in Altria Group during the first quarter worth about $312,000. Greenfield Savings Bank bought a new position in Altria Group during the second quarter worth about $1,190,000. Krane Funds Advisors LLC acquired a new stake in shares of Altria Group during the first quarter worth about $385,000. Finally, Brinker Capital Investments LLC raised its position in shares of Altria Group by 1.9% during the first quarter. Brinker Capital Investments LLC now owns 238,813 shares of the company’s stock worth $12,478,000 after purchasing an additional 4,421 shares during the period. Institutional investors own 59.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 target price on shares of Altria Group in a research report on Monday, October 31st. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 29th. UBS Group lowered Altria Group from a “neutral” rating to a “sell” rating and set a $38.00 price target on the stock. in a research report on Thursday, November 10th. Finally, Cowen boosted their price target on Altria Group to $47.00 in a research report on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Altria Group has an average rating of “Hold” and an average price target of $46.64.

Altria Group Stock Down 0.3 %

Shares of NYSE MO traded down $0.14 during midday trading on Thursday, hitting $45.02. 5,192,435 shares of the company’s stock were exchanged, compared to its average volume of 8,329,870. Altria Group, Inc. has a 12 month low of $40.35 and a 12 month high of $57.05. The company’s 50 day moving average price is $43.90 and its 200 day moving average price is $45.54. The firm has a market capitalization of $80.68 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 2.33 and a beta of 0.65.

Altria Group (NYSE:MOGet Rating) last issued its earnings results on Thursday, October 27th. The company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.02). Altria Group had a negative return on equity of 345.98% and a net margin of 18.61%. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the prior year, the firm posted $1.22 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Altria Group, Inc. will post 4.84 EPS for the current year.

Altria Group Profile

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Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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