StoneX Group Inc. Buys 631 Shares of Altria Group, Inc. (NYSE:MO)

StoneX Group Inc. grew its position in Altria Group, Inc. (NYSE:MO) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,879 shares of the company’s stock after acquiring an additional 631 shares during the quarter. StoneX Group Inc.’s holdings in Altria Group were worth $827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MO. MFA Wealth Advisors LLC purchased a new stake in Altria Group during the second quarter valued at approximately $27,000. Hobbs Group Advisors LLC purchased a new position in Altria Group during the 2nd quarter worth $30,000. Valley Wealth Managers Inc. raised its holdings in shares of Altria Group by 63.9% in the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after acquiring an additional 260 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in shares of Altria Group in the 3rd quarter worth approximately $41,000. Finally, Lynx Investment Advisory purchased a new stake in Altria Group during the second quarter worth $44,000. Institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup lifted their price objective 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. UBS Group raised their price target on shares of Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft boosted 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. Finally, Barclays raised their target price on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.33.

Altria Group Stock Performance

Altria Group stock opened at $56.73 on Monday. The company has a market capitalization of $96.15 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 3.23 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 $56.84. The firm has a 50 day moving average price of $51.87 and a 200 day moving average price of $49.73.

Altria Group (NYSE:MO) last issued 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 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 analysts’ expectations of $5.33 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The company’s revenue was up 18.6% on a year-over-year basis. As a group, equities research analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current 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.