Capital Square LLC acquired a new position in Altria Group, Inc. (NYSE:MO – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 69,193 shares of the company’s stock, valued at approximately $4,967,000. Altria Group accounts for 2.2% of Capital Square LLC’s holdings, making the stock its 4th largest holding.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Altria Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 160,980,626 shares of the company’s stock worth $9,282,143,000 after acquiring an additional 1,903,530 shares in the last quarter. BlackRock Inc. boosted its position in shares of Altria Group by 1.1% during the second quarter. BlackRock Inc. now owns 126,073,166 shares of the company’s stock valued at $9,070,964,000 after purchasing an additional 1,325,175 shares in the last quarter. State Street Corp boosted its position in shares of Altria Group by 1.6% during the fourth quarter. State Street Corp now owns 72,830,531 shares of the company’s stock valued at $4,275,886,000 after purchasing an additional 1,147,141 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Altria Group by 10.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,516,916 shares of the company’s stock worth $3,777,931,000 after purchasing an additional 6,265,780 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Altria Group by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 45,984,718 shares of the company’s stock worth $2,651,383,000 after purchasing an additional 729,999 shares in the last quarter. 57.41% of the stock is owned by institutional investors.
Altria Group Stock Performance
Shares of Altria Group stock opened at $68.46 on Tuesday. The company has a 50-day simple moving average of $70.18 and a two-hundred day simple moving average of $68.89. The stock has a market capitalization of $114.32 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 2.34 and a beta of 0.46. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Altria Group in a research report on Tuesday, July 14th. Jefferies Financial Group lifted their price target on shares of Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, May 27th. UBS Group boosted their price objective on shares of Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Finally, BTIG Research initiated coverage on Altria Group in a research report on Tuesday, July 21st. They issued a “neutral” rating on the stock. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $70.11.
Get Our Latest Analysis on Altria Group
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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