Investment analysts at Sanford C. Bernstein initiated coverage on shares of Altria Group (NYSE:MO) in a research note issued on Tuesday, Marketbeat reports. The firm set a “market perform” rating on the stock.
Several other analysts have also recently commented on MO. Zacks Investment Research cut shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. ValuEngine raised shares of Altria Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Morgan Stanley lowered their target price on shares of Altria Group from $65.00 to $63.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 26th. Citigroup lifted their price target on shares of Altria Group from $59.00 to $67.00 and gave the company a “hold” rating in a report on Friday, September 21st. Finally, Piper Jaffray Companies set a $75.00 price target on shares of Altria Group and gave the company a “buy” rating in a report on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $70.28.
MO stock opened at $60.62 on Tuesday. The company has a market capitalization of $113.69 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.71 and a beta of 0.61. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.65 and a quick ratio of 0.31. Altria Group has a one year low of $53.91 and a one year high of $74.38.
Altria Group (NYSE:MO) last released its earnings results on Thursday, July 26th. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.01. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $5.02 billion. Altria Group had a net margin of 42.00% and a return on equity of 48.88%. Altria Group’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. As a group, sell-side analysts expect that Altria Group will post 4 EPS for the current year.
In other Altria Group news, Director Dinyar S. Devitre sold 3,165 shares of Altria Group stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total value of $184,962.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Pekin Singer Strauss Asset Management IL lifted its holdings in shares of Altria Group by 9.9% during the 2nd quarter. Pekin Singer Strauss Asset Management IL now owns 9,510 shares of the company’s stock valued at $540,000 after acquiring an additional 859 shares in the last quarter. Burney Co. lifted its holdings in Altria Group by 4.0% in the 2nd quarter. Burney Co. now owns 22,348 shares of the company’s stock worth $1,269,000 after buying an additional 859 shares in the last quarter. Cpwm LLC lifted its holdings in Altria Group by 23.9% in the 2nd quarter. Cpwm LLC now owns 4,527 shares of the company’s stock worth $257,000 after buying an additional 874 shares in the last quarter. 180 Wealth Advisors LLC lifted its holdings in Altria Group by 3.9% in the 2nd quarter. 180 Wealth Advisors LLC now owns 23,305 shares of the company’s stock worth $1,323,000 after buying an additional 878 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its holdings in Altria Group by 16.4% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 6,275 shares of the company’s stock worth $356,000 after buying an additional 882 shares in the last quarter. Institutional investors and hedge funds own 63.12% of the company’s stock.
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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