Cravens & Co Advisors LLC Sells 1,074 Shares of Altria Group, Inc. (NYSE:MO)

Cravens & Co Advisors LLC trimmed its holdings in shares of Altria Group, Inc. (NYSE:MO) by 12.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,273 shares of the company’s stock after selling 1,074 shares during the quarter. Cravens & Co Advisors LLC’s holdings in Altria Group were worth $371,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Bridgewater Associates LP raised its holdings in shares of Altria Group by 29.8% during the 3rd quarter. Bridgewater Associates LP now owns 1,438,565 shares of the company’s stock worth $73,424,000 after buying an additional 330,105 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of Altria Group by 20.6% in the 3rd quarter. Townsquare Capital LLC now owns 74,589 shares of the company’s stock valued at $3,807,000 after purchasing an additional 12,727 shares in the last quarter. Shum Financial Group Inc. bought a new stake in shares of Altria Group during the 3rd quarter valued at approximately $340,000. Avestar Capital LLC increased its position in Altria Group by 7.8% during the 3rd quarter. Avestar Capital LLC now owns 9,623 shares of the company’s stock worth $491,000 after purchasing an additional 698 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Altria Group during the third quarter worth $250,000. 57.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MO has been the subject of a number of research reports. Bank of America dropped their price target 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 boosted their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup raised their price target on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Barclays boosted their price target on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $51.33.

Altria Group Stock Up 1.5 %

Shares of NYSE MO opened at $57.58 on Wednesday. The company has a market capitalization of $97.59 billion, a PE ratio of 9.73, a PEG ratio of 3.23 and a beta of 0.64. The stock’s 50 day moving average price is $52.11 and its 200-day moving average price is $49.90. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $57.60.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same period in the prior year, the company earned $1.28 earnings per share. Altria Group’s revenue was up 18.6% compared to the same quarter last year. As a group, research analysts expect that Altria Group, Inc. will post 5.11 EPS for the current fiscal 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.