Cobblestone Capital Advisors LLC NY Has $430,000 Position in Altria Group, Inc. (NYSE:MO)

Cobblestone Capital Advisors LLC NY raised its holdings in shares of Altria Group, Inc. (NYSE:MO) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,425 shares of the company’s stock after purchasing an additional 277 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Altria Group were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Altria Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after buying an additional 589,832 shares during the period. Legal & General Group Plc boosted its holdings in shares of Altria Group by 1.6% during the second quarter. Legal & General Group Plc now owns 12,355,509 shares of the company’s stock worth $562,793,000 after acquiring an additional 191,236 shares during the period. AQR Capital Management LLC grew its position in shares of Altria Group by 25.0% in the second quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock valued at $295,055,000 after purchasing an additional 1,299,703 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Altria Group by 5.0% during the second quarter. Victory Capital Management Inc. now owns 5,060,589 shares of the company’s stock worth $230,510,000 after purchasing an additional 243,201 shares during the period. Finally, LSV Asset Management lifted its holdings in Altria Group by 4.6% during the 2nd quarter. LSV Asset Management now owns 4,888,137 shares of the company’s stock worth $222,655,000 after purchasing an additional 215,594 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MO has been the topic of several recent research reports. Bank of America lowered their price objective on Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. UBS Group raised their price target on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup raised their target price on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Finally, Barclays boosted their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Altria Group presently has a consensus rating of “Hold” and a consensus price target of $51.33.

Altria Group Price Performance

Shares of NYSE:MO opened at $57.74 on Monday. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $58.03. The stock has a market capitalization of $97.86 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 3.28 and a beta of 0.64. The company’s 50 day simple moving average is $52.55 and its 200 day simple moving average is $50.16.

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. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter last year, the business posted $1.28 EPS. The company’s revenue was up 18.6% compared to the same quarter last year. As a group, analysts anticipate that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

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.