Coastwise Capital Group LLC Sells 4,058 Shares of Altria Group, Inc. (NYSE:MO)

Coastwise Capital Group LLC cut its holdings in Altria Group, Inc. (NYSE:MO) by 23.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,450 shares of the company’s stock after selling 4,058 shares during the quarter. Coastwise Capital Group LLC’s holdings in Altria Group were worth $686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MO. Los Angeles Capital Management LLC increased its holdings in shares of Altria Group by 729.8% during the third quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock valued at $100,511,000 after acquiring an additional 1,731,932 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Altria Group by 3,786.6% in the third quarter. Assenagon Asset Management S.A. now owns 1,743,443 shares of the company’s stock worth $88,985,000 after buying an additional 1,698,585 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Altria Group by 25.0% during the second quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock valued at $295,055,000 after buying an additional 1,299,703 shares during the last quarter. National Pension Service increased its position in shares of Altria Group by 19.9% during the third quarter. National Pension Service now owns 4,034,414 shares of the company’s stock valued at $205,916,000 after acquiring an additional 670,858 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Altria Group by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after acquiring an additional 589,832 shares during the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Performance

NYSE MO opened at $57.74 on Monday. The business’s fifty day moving average is $52.55 and its 200 day moving average is $50.16. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The company has a market capitalization of $97.86 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 3.28 and a beta of 0.64.

Altria Group (NYSE:MO) last posted 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. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The business’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. On average, sell-side analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on MO shares. Deutsche Bank Aktiengesellschaft increased their target price on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays boosted their price objective on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. UBS Group raised their target price on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. Stifel Nicolaus boosted their target price on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.33.

About Altria Group

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.