Banque Cantonale Vaudoise Has $246,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

Banque Cantonale Vaudoise decreased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 92.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,825 shares of the company’s stock after selling 55,782 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Altria Group were worth $246,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MO. Aviance Capital Partners LLC raised its stake in shares of Altria Group by 0.5% in the third quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock worth $2,060,000 after purchasing an additional 191 shares during the last quarter. Delta Investment Management LLC lifted its holdings in Altria Group by 2.9% in the second quarter. Delta Investment Management LLC now owns 7,064 shares of the company’s stock valued at $322,000 after acquiring an additional 198 shares during the period. Scarborough Advisors LLC boosted its position in Altria Group by 18.5% in the second quarter. Scarborough Advisors LLC now owns 1,283 shares of the company’s stock worth $58,000 after purchasing an additional 200 shares during the last quarter. American Institute for Advanced Investment Management LLP grew its stake in shares of Altria Group by 3.5% during the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock valued at $299,000 after purchasing an additional 200 shares during the period. Finally, Ridgecrest Wealth Partners LLC increased its position in shares of Altria Group by 3.5% during the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock valued at $299,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of NYSE MO opened at $56.74 on Friday. The company has a market cap of $96.16 billion, a P/E ratio of 9.58, a PEG ratio of 3.18 and a beta of 0.64. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $56.84. The firm has a 50-day simple moving average of $51.87 and a two-hundred day simple moving average of $49.65.

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

Analysts Set New Price Targets

MO has been the topic of a number of analyst reports. Barclays lifted their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Citigroup raised their price objective on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus raised their price objective on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Bank of America cut their price objective on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.33.

Altria Group Company 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.