Altria Group (NYSE:MO) Raised to Hold at Argus

Altria Group (NYSE:MOGet Free Report) was upgraded by stock analysts at Argus to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

A number of other analysts have also recently weighed in on MO. StockNews.com cut shares of Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, April 14th. Stifel Nicolaus reissued a “buy” rating and set a $50.00 price objective on shares of Altria Group in a report on Monday, March 25th. Finally, UBS Group raised their target price on shares of Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Altria Group has a consensus rating of “Hold” and a consensus target price of $46.90.

Check Out Our Latest Research Report on Altria Group

Altria Group Price Performance

MO opened at $46.56 on Friday. The firm has a fifty day moving average price of $43.76 and a 200 day moving average price of $42.18. Altria Group has a 1 year low of $39.06 and a 1 year high of $46.65. The stock has a market cap of $79.96 billion, a P/E ratio of 9.74, a P/E/G ratio of 2.85 and a beta of 0.64.

Altria Group (NYSE:MOGet Free Report) last released its earnings results on Thursday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.15. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.71 billion. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.18 earnings per share. Equities analysts expect that Altria Group will post 5.11 EPS for the current year.

Insider Activity at Altria Group

In other Altria Group news, VP Charles N. Whitaker sold 22,487 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total value of $988,303.65. Following the completion of the sale, the vice president now owns 173,485 shares of the company’s stock, valued at $7,624,665.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Altria Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. FSC Wealth Advisors LLC raised its stake in shares of Altria Group by 21.3% during the 4th quarter. FSC Wealth Advisors LLC now owns 2,719 shares of the company’s stock worth $110,000 after buying an additional 477 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in Altria Group in the 4th quarter valued at about $39,000. KPP Advisory Services LLC acquired a new position in Altria Group in the 3rd quarter valued at about $3,128,000. Axxcess Wealth Management LLC grew its holdings in Altria Group by 293.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 55,546 shares of the company’s stock valued at $2,336,000 after buying an additional 41,432 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Altria Group by 0.5% in the 4th quarter. Nordea Investment Management AB now owns 1,011,345 shares of the company’s stock valued at $40,727,000 after buying an additional 4,789 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

About Altria Group

(Get Free Report)

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.

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