Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of Altria Group Inc (NYSE:MO) by 19.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,234 shares of the company’s stock after purchasing an additional 3,982 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Altria Group were worth $1,197,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MO. Vanguard Group Inc. boosted its holdings in shares of Altria Group by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after acquiring an additional 1,107,891 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Altria Group by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 141,423,951 shares of the company’s stock valued at $8,529,279,000 after acquiring an additional 1,107,891 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Altria Group by 1.8% during the 3rd quarter. BlackRock Inc. now owns 141,022,748 shares of the company’s stock valued at $8,505,083,000 after acquiring an additional 2,433,533 shares during the last quarter. FMR LLC boosted its holdings in shares of Altria Group by 10.3% during the 3rd quarter. FMR LLC now owns 41,106,747 shares of the company’s stock valued at $2,479,149,000 after acquiring an additional 3,842,889 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of Altria Group by 698.6% during the 3rd quarter. Capital International Investors now owns 31,992,124 shares of the company’s stock valued at $1,929,445,000 after acquiring an additional 27,986,154 shares during the last quarter. Institutional investors and hedge funds own 64.42% of the company’s stock.
A number of analysts have recently issued reports on the stock. Argus raised their price target on shares of Altria Group from $70.00 to $71.00 and gave the company a “buy” rating in a report on Monday, October 29th. ValuEngine raised shares of Altria Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Sanford C. Bernstein assumed coverage on shares of Altria Group in a report on Tuesday, October 16th. They issued a “market perform” rating on the stock. Piper Jaffray Companies set a $75.00 price objective on shares of Altria Group and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Finally, Wells Fargo & Co reissued an “outperform” rating on shares of Altria Group in a report on Monday, November 12th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Altria Group currently has an average rating of “Hold” and a consensus target price of $66.71.
MO opened at $48.84 on Friday. Altria Group Inc has a 12-month low of $42.40 and a 12-month high of $66.53. The company has a market capitalization of $91.55 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 1.45 and a beta of 0.36. The company has a current ratio of 0.20, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80.
Altria Group (NYSE:MO) last released its earnings results on Thursday, January 31st. The company reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates of $0.95. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter last year, the business earned $0.91 EPS. On average, equities research analysts predict that Altria Group Inc will post 4.2 earnings per share for the current year.
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Altria Group 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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