Vontobel Holding Ltd. raised its holdings in Altria Group, Inc. (NYSE:MO – Free Report) by 2.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 484,354 shares of the company’s stock after purchasing an additional 10,739 shares during the quarter. Vontobel Holding Ltd.’s holdings in Altria Group were worth $34,849,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in Altria Group during the second quarter worth about $27,000. Navalign LLC purchased a new stake in shares of Altria Group in the 4th quarter valued at approximately $28,000. Hughes Financial Services LLC lifted its holdings in shares of Altria Group by 62.9% in the 4th quarter. Hughes Financial Services LLC now owns 510 shares of the company’s stock worth $29,000 after acquiring an additional 197 shares during the last quarter. Miller Capital Partners Inc. purchased a new position in shares of Altria Group during the 4th quarter worth approximately $29,000. Finally, Quattro Advisors LLC purchased a new position in shares of Altria Group during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 57.41% of the company’s stock.
Altria Group Trading Down 2.5%
Altria Group stock opened at $64.03 on Tuesday. Altria Group, Inc. has a twelve month low of $54.70 and a twelve month high of $77.06. The stock’s fifty day simple moving average is $70.68 and its 200-day simple moving average is $68.74. The firm has a market capitalization of $106.91 billion, a P/E ratio of 13.51, a P/E/G ratio of 2.33 and a beta of 0.46.
Insider Transactions at Altria Group
In other news, Director Ennis Debra J. Kelly sold 5,790 shares of Altria Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the completion of the transaction, the director owned 73,809 shares in the company, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total value of $145,120.00. Following the transaction, the director directly owned 25,102 shares of the company’s stock, valued at approximately $1,821,401.12. This represents a 7.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have commented on MO. Citigroup upped their price target on Altria Group from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Deutsche Bank Aktiengesellschaft raised their target price on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a report on Monday, May 4th. Morgan Stanley set a $71.00 price target on shares of Altria Group in a research note on Friday, May 1st. Finally, Stifel Nicolaus increased their price target on shares of Altria Group from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and an average price target of $70.11.
Read Our Latest Analysis on MO
About Altria Group
Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.
Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.
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