Altria Group, Inc. (NYSE:MO) Position Trimmed by RS Crum Inc.

RS Crum Inc. trimmed its holdings in shares of Altria Group, Inc. (NYSE:MO) by 4.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,763 shares of the company’s stock after selling 275 shares during the period. RS Crum Inc.’s holdings in Altria Group were worth $294,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CWM LLC lifted its holdings in Altria Group by 15.3% in the third quarter. CWM LLC now owns 305,704 shares of the company’s stock worth $15,603,000 after acquiring an additional 40,574 shares during the last quarter. Regal Investment Advisors LLC raised its position in shares of Altria Group by 4.2% during the 2nd quarter. Regal Investment Advisors LLC now owns 251,933 shares of the company’s stock worth $11,476,000 after purchasing an additional 10,079 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Altria Group by 2.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,456,308 shares of the company’s stock worth $74,330,000 after purchasing an additional 32,318 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 valued at $2,935,224,000 after purchasing an additional 589,832 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in Altria Group by 729.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock worth $100,511,000 after buying an additional 1,731,932 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MO shares. Stifel Nicolaus raised their target price on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price 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. Barclays upped their target price on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Bank of America cut their price target on Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Finally, StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $51.33.

Altria Group Price Performance

NYSE MO opened at $57.58 on Wednesday. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $57.60. The company’s 50 day simple moving average is $52.11 and its 200 day simple moving average is $49.90. The firm has a market capitalization of $97.59 billion, a PE ratio of 9.73, a P/E/G ratio of 3.23 and a beta of 0.64.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. Sell-side analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Company 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.