Massmutual Trust Co. FSB ADV increased its stake in shares of Altria Group, Inc. (NYSE:MO) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 188,480 shares of the company’s stock after buying an additional 5,834 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Altria Group were worth $7,283,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Lipe & Dalton purchased a new stake in shares of Altria Group during the 3rd quarter worth approximately $26,000. Stephenson National Bank & Trust purchased a new stake in Altria Group during the third quarter worth $46,000. Northwest Investment Counselors LLC acquired a new stake in Altria Group in the third quarter valued at $47,000. Pflug Koory LLC increased its position in shares of Altria Group by 78.4% in the second quarter. Pflug Koory LLC now owns 1,365 shares of the company’s stock valued at $54,000 after buying an additional 600 shares in the last quarter. Finally, Lountzis Asset Management LLC acquired a new position in shares of Altria Group during the 2nd quarter worth $54,000. 62.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on MO. Piper Sandler cut their target price on shares of Altria Group from $57.00 to $47.00 and set an “overweight” rating for the company in a research report on Monday, November 2nd. ValuEngine downgraded Altria Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $48.83.
Shares of MO stock traded down $0.28 during mid-day trading on Monday, hitting $40.09. 97,227 shares of the company’s stock were exchanged, compared to its average volume of 9,686,923. The stock has a market cap of $75.02 billion, a price-to-earnings ratio of 112.14, a PEG ratio of 2.18 and a beta of 0.48. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 8.59. Altria Group, Inc. has a fifty-two week low of $30.95 and a fifty-two week high of $51.78. The stock has a 50-day simple moving average of $39.08 and a two-hundred day simple moving average of $40.28.
Altria Group (NYSE:MO) last released its earnings results on Wednesday, November 4th. The company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.03. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.38 billion. Altria Group had a return on equity of 148.93% and a net margin of 2.84%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. As a group, analysts anticipate that Altria Group, Inc. will post 4.37 earnings per share for the current fiscal year.
Altria Group 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, as well as provides on! oral nicotine pouches.
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