Altria Group, Inc. (NYSE:MO) Shares Purchased by GM Advisory Group LLC

GM Advisory Group LLC increased its position in shares of Altria Group, Inc. (NYSE:MO) by 14.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,631 shares of the company’s stock after purchasing an additional 5,039 shares during the period. GM Advisory Group LLC’s holdings in Altria Group were worth $2,023,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Altria Group by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after purchasing an additional 589,832 shares in the last quarter. Legal & General Group Plc grew its stake 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 purchasing an additional 191,236 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Altria Group by 25.0% during the second quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock worth $295,055,000 after purchasing an additional 1,299,703 shares in the last quarter. Victory Capital Management Inc. grew 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 in the last quarter. Finally, LSV Asset Management grew its stake in shares of Altria Group by 4.6% during the second 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 in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MO. Stifel Nicolaus boosted their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group upped their price objective on shares of Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Citigroup upped 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.33.

Altria Group Stock Performance

Shares of NYSE:MO opened at $56.06 on Friday. The company has a 50-day simple moving average of $51.79 and a 200-day simple moving average of $49.56. Altria Group, Inc. has a one year low of $39.25 and a one year high of $56.55. The stock has a market capitalization of $95.00 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 3.18 and a beta of 0.64.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 31st. The company reported $1.38 EPS 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 analysts’ expectations of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share. As a group, research analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Altria Group Profile

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.