EFG International AG bought a new position in shares of Altria Group, Inc. (NYSE:MO – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 74,832 shares of the company’s stock, valued at approximately $5,385,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its position in shares of Altria Group by 1.1% during the 2nd 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 increased its holdings in shares of Altria Group by 1.6% in the fourth quarter. State Street Corp now owns 72,830,531 shares of the company’s stock worth $4,275,886,000 after purchasing an additional 1,147,141 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of 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 buying an additional 6,265,780 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 buying an additional 729,999 shares in the last quarter. Finally, GQG Partners LLC bought a new stake in Altria Group during the second quarter valued at $1,806,782,000. 57.41% of the stock is currently owned by hedge funds and other institutional investors.
Altria Group Stock Performance
NYSE MO opened at $68.08 on Wednesday. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $77.06. The company has a market capitalization of $113.68 billion, a P/E ratio of 14.36, a P/E/G ratio of 2.43 and a beta of 0.46. The company has a fifty day moving average of $70.14 and a 200-day moving average of $68.91.
Analyst Upgrades and Downgrades
MO has been the subject of several recent analyst reports. Wall Street Zen cut Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Morgan Stanley set a $71.00 price target on Altria Group in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Altria Group from $60.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Altria Group in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $77.00 price objective on shares of Altria Group in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.11.
Read Our Latest Stock 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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