Fmr LLC Has $271.38 Million Stock Position in Altria Group, Inc. (NYSE:MO)

Fmr LLC cut its position in Altria Group, Inc. (NYSE:MO) by 54.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,317,051 shares of the company’s stock after selling 6,344,519 shares during the quarter. Fmr LLC’s holdings in Altria Group were worth $271,382,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC acquired a new stake in shares of Altria Group in the second quarter valued at $27,000. Hobbs Group Advisors LLC acquired a new stake in Altria Group in the 2nd quarter valued at about $30,000. Valley Wealth Managers Inc. increased its position in Altria Group by 63.9% in the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after acquiring an additional 260 shares in the last quarter. Peterson Financial Group Inc. bought a new position in shares of Altria Group in the third quarter worth about $41,000. Finally, Fairman Group LLC lifted its position in shares of Altria Group by 85.1% during the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after purchasing an additional 410 shares in the last quarter. 57.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

MO has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective 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. Citigroup boosted their target price on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Barclays raised their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Bank of America dropped their price objective on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and a consensus target price of $51.33.

Altria Group Trading Up 0.2 %

Shares of MO opened at $57.74 on Monday. The stock has a market cap of $97.86 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 3.28 and a beta of 0.64. The stock’s 50-day moving average price is $52.55 and its two-hundred day moving average price is $50.16. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $58.03.

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

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.