Altria Group, Inc. (NYSE:MO) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its stake in Altria Group, Inc. (NYSE:MO) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,838 shares of the company’s stock after selling 1,002 shares during the period. Moors & Cabot Inc.’s holdings in Altria Group were worth $2,186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Altria Group by 15.3% during the third quarter. CWM LLC now owns 305,704 shares of the company’s stock worth $15,603,000 after buying an additional 40,574 shares in the last quarter. Regal Investment Advisors LLC grew its stake in Altria Group by 4.2% during the second quarter. Regal Investment Advisors LLC now owns 251,933 shares of the company’s stock worth $11,476,000 after buying an additional 10,079 shares during the period. Commonwealth Equity Services LLC grew its stake in Altria Group by 2.3% during the third quarter. Commonwealth Equity Services LLC now owns 1,456,308 shares of the company’s stock worth $74,330,000 after buying an additional 32,318 shares during the period. Los Angeles Capital Management LLC grew its stake in 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 worth $100,511,000 after buying an additional 1,731,932 shares during the period. Finally, White Lighthouse Investment Management Inc. purchased a new stake in Altria Group during the third quarter worth approximately $483,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 0.2 %

Shares of NYSE MO opened at $55.98 on Thursday. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $56.55. The company has a market capitalization of $94.87 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 3.18 and a beta of 0.64. The firm has a 50-day moving average of $51.72 and a two-hundred day moving average of $49.51.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same period in the prior year, the firm earned $1.28 earnings per share. The business’s quarterly revenue was up 18.6% on a year-over-year basis. As a group, research analysts predict that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MO. Citigroup boosted their price objective on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Stifel Nicolaus boosted their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays upped their price target 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Bank of America dropped their target price on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Altria Group has a consensus rating of “Hold” and a consensus target price of $51.33.

Altria Group Profile

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.