North Star Asset Management Inc. decreased its stake in shares of Altria Group Inc (NYSE:MO) by 1.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 52,367 shares of the company’s stock after selling 654 shares during the period. North Star Asset Management Inc.’s holdings in Altria Group were worth $2,614,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of MO. Point View Wealth Management Inc. grew its position in shares of Altria Group by 9.8% during the 4th quarter. Point View Wealth Management Inc. now owns 19,944 shares of the company’s stock valued at $995,000 after purchasing an additional 1,786 shares in the last quarter. Steel Peak Wealth Management LLC purchased a new stake in shares of Altria Group in the fourth quarter worth $1,994,000. Tortoise Investment Management LLC raised its position in shares of Altria Group by 64.7% in the fourth quarter. Tortoise Investment Management LLC now owns 1,654 shares of the company’s stock worth $83,000 after buying an additional 650 shares in the last quarter. Secure Asset Management LLC purchased a new stake in shares of Altria Group in the fourth quarter worth $319,000. Finally, Hikari Tsushin Inc. boosted its stake in Altria Group by 21.8% during the fourth quarter. Hikari Tsushin Inc. now owns 117,420 shares of the company’s stock valued at $5,860,000 after buying an additional 21,000 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on the company. Piper Sandler upgraded Altria Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $57.00 in a research report on Thursday, January 30th. Deutsche Bank lowered their price target on Altria Group from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Bank of America set a $54.00 price target on Altria Group and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup upgraded Altria Group from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Monday, December 2nd. Finally, ValuEngine lowered Altria Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $55.19.
NYSE MO opened at $45.65 on Friday. The stock’s 50-day simple moving average is $49.29 and its two-hundred day simple moving average is $46.83. Altria Group Inc has a twelve month low of $39.30 and a twelve month high of $57.88. The company has a quick ratio of 0.31, a current ratio of 0.59 and a debt-to-equity ratio of 4.28. The company has a market capitalization of $86.31 billion, a price-to-earnings ratio of -63.40, a PEG ratio of 1.64 and a beta of 0.50.
Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.02. The firm had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Altria Group had a positive return on equity of 67.74% and a negative net margin of 5.15%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 EPS. On average, equities analysts expect that Altria Group Inc will post 4.41 earnings per share for the current fiscal year.
Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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