Bank of Montreal Can Buys 35,953 Shares of Altria Group, Inc. (NYSE:MO)

Bank of Montreal Can grew its position in shares of Altria Group, Inc. (NYSE:MO) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,051,644 shares of the company’s stock after purchasing an additional 35,953 shares during the quarter. Bank of Montreal Can owned about 0.18% of Altria Group worth $155,786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MO. MFA Wealth Advisors LLC bought a new position in Altria Group during the second quarter worth $27,000. Hobbs Group Advisors LLC bought a new position in shares of Altria Group in the 2nd quarter worth about $30,000. Valley Wealth Managers Inc. lifted its stake in shares of Altria Group by 63.9% in the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after purchasing an additional 260 shares during the period. Peterson Financial Group Inc. bought a new stake in shares of Altria Group during the 3rd quarter valued at about $41,000. Finally, Lynx Investment Advisory acquired a new stake in Altria Group during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

MO opened at $56.75 on Tuesday. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $57.20. The firm has a market capitalization of $96.17 billion, a PE ratio of 9.59, a P/E/G ratio of 3.23 and a beta of 0.64. The company’s 50-day moving average is $51.97 and its 200 day moving average is $49.81.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.35 by $0.03. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 earnings per share. As a group, analysts expect that Altria Group, Inc. will post 5.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays increased 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 increased their target price 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 raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Bank of America cut their price objective on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.33.

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.