Thompson Siegel & Walmsley LLC Buys Shares of 6,462 Altria Group, Inc. (NYSE:MO)

Thompson Siegel & Walmsley LLC purchased a new position in Altria Group, Inc. (NYSE:MO) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,462 shares of the company’s stock, valued at approximately $330,000.

A number of other hedge funds have also made changes to their positions in the stock. MFA Wealth Advisors LLC bought a new stake in Altria Group during the second quarter worth approximately $27,000. Hobbs Group Advisors LLC acquired a new position in Altria Group in the 2nd quarter valued at $30,000. Valley Wealth Managers Inc. raised its holdings in Altria Group by 63.9% in the 2nd 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. acquired a new position in Altria Group during the 3rd quarter worth $41,000. Finally, Fairman Group LLC boosted its holdings in Altria Group by 85.1% during the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after acquiring an additional 410 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

MO stock opened at $56.74 on Friday. The business has a fifty day moving average price of $51.87 and a 200 day moving average price of $49.65. The stock has a market capitalization of $96.16 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 3.18 and a beta of 0.64. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $56.84.

Altria Group (NYSE:MO) last issued its quarterly 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 business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. Altria Group’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. On average, equities analysts expect that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MO. Bank of America dropped their price objective 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. Barclays upped their price target on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. UBS Group raised their price objective on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Citigroup increased their price objective on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $51.33.

About Altria Group

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.