Altria Group, Inc. (NYSE:MO) Shares Sold by Clark Estates Inc. NY

Clark Estates Inc. NY lessened its stake in shares of Altria Group, Inc. (NYSE:MO) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,150 shares of the company’s stock after selling 6,000 shares during the quarter. Altria Group comprises about 0.7% of Clark Estates Inc. NY’s investment portfolio, making the stock its 28th biggest holding. Clark Estates Inc. NY’s holdings in Altria Group were worth $3,836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC acquired a new position in shares of Altria Group during the 2nd quarter valued at $27,000. Hobbs Group Advisors LLC acquired a new position in Altria Group during the second quarter worth about $30,000. Valley Wealth Managers Inc. grew its holdings in Altria Group by 63.9% during the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after acquiring an additional 260 shares during the period. Peterson Financial Group Inc. bought a new stake in Altria Group in the third quarter worth about $41,000. Finally, Lynx Investment Advisory acquired a new stake in Altria Group in the 2nd quarter valued at about $44,000. Institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

MO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group increased their price objective on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research report on Monday, September 9th. Citigroup lifted their target price on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Barclays increased their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Bank of America dropped their price target on Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Two equities 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.33.

Altria Group Trading Up 1.5 %

NYSE:MO opened at $57.58 on Wednesday. The business’s fifty day moving average price is $52.11 and its 200 day moving average price is $49.90. The firm has a market capitalization of $97.59 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 3.23 and a beta of 0.64. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $57.60.

Altria Group (NYSE:MO) last issued its earnings results 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 company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. Equities analysts forecast that Altria Group, Inc. will post 5.11 earnings per share 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.