Rockefeller Capital Management L.P. Sells 3,913 Shares of Altria Group, Inc. (NYSE:MO)

Rockefeller Capital Management L.P. cut its stake in Altria Group, Inc. (NYSE:MO) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 356,171 shares of the company’s stock after selling 3,913 shares during the period. Rockefeller Capital Management L.P.’s holdings in Altria Group were worth $18,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Aviance Capital Partners LLC raised its stake in shares of Altria Group by 0.5% in the third quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock worth $2,060,000 after acquiring an additional 191 shares during the last quarter. Delta Investment Management LLC raised its stake in shares of Altria Group by 2.9% during the second quarter. Delta Investment Management LLC now owns 7,064 shares of the company’s stock worth $322,000 after buying an additional 198 shares during the last quarter. Scarborough Advisors LLC raised its stake in shares of Altria Group by 18.5% during the second quarter. Scarborough Advisors LLC now owns 1,283 shares of the company’s stock worth $58,000 after buying an additional 200 shares during the last quarter. American Institute for Advanced Investment Management LLP raised its stake in shares of Altria Group by 3.5% during the third quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock worth $299,000 after buying an additional 200 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC raised its stake in shares of Altria Group by 3.5% during the third quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock worth $299,000 after buying an additional 200 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on MO. Bank of America dropped their price target on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Citigroup boosted their price target on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. UBS Group boosted their price target 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. Stifel Nicolaus boosted their price target 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two 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 stock. According to data from MarketBeat.com, Altria Group has a consensus rating of “Hold” and an average target price of $51.33.

Altria Group Stock Up 0.2 %

Altria Group stock opened at $57.74 on Monday. The stock has a market capitalization of $97.86 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 3.28 and a beta of 0.64. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $58.03. The company has a 50 day moving average of $52.55 and a 200-day moving average of $50.16.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.03. The company 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 quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 earnings per share. Equities analysts anticipate that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

About Altria Group

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.