Altria Group (MO) Stock Rating Lowered by Vetr Inc.
Altria Group (NYSE:MO) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a report issued on Tuesday. They currently have a $67.46 price objective on the stock. Vetr‘s price target would suggest a potential upside of 5.52% from the stock’s current price.
Several other brokerages have also issued reports on MO. Argus set a $73.00 price target on shares of Altria Group and gave the company a “buy” rating in a report on Monday, August 1st. Zacks Investment Research lowered shares of Altria Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $65.00 price target on shares of Altria Group in a report on Tuesday. Citigroup Inc. began coverage on shares of Altria Group in a report on Monday, September 12th. They set a “buy” rating and a $72.00 price target on the stock. Finally, decreased their price target on shares of Altria Group from $69.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, September 15th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $69.46.
Shares of Altria Group (NYSE:MO) opened at 63.93 on Tuesday. The firm has a market capitalization of $124.79 billion, a price-to-earnings ratio of 24.03 and a beta of 0.57. Altria Group has a 12-month low of $56.15 and a 12-month high of $70.15. The firm has a 50-day moving average of $63.74 and a 200 day moving average of $65.27.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $6.90 billion for the quarter, compared to analyst estimates of $5.11 billion. Altria Group had a net margin of 20.19% and a return on equity of 202.19%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 EPS. On average, equities research analysts expect that Altria Group will post $3.03 earnings per share for the current year.
In related news, CEO Martin J. Barrington sold 15,960 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $65.85, for a total transaction of $1,050,966.00. Following the transaction, the chief executive officer now owns 833,577 shares in the company, valued at approximately $54,891,045.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Altria Group by 2.8% in the second quarter. Vanguard Group Inc. now owns 125,294,855 shares of the company’s stock valued at $8,640,334,000 after buying an additional 3,366,581 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Altria Group by 0.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 52,932,938 shares of the company’s stock valued at $3,346,950,000 after buying an additional 489,813 shares during the last quarter. BlackRock Fund Advisors increased its position in Altria Group by 2.1% in the third quarter. BlackRock Fund Advisors now owns 33,275,054 shares of the company’s stock valued at $2,103,982,000 after buying an additional 697,380 shares during the last quarter. FMR LLC increased its position in Altria Group by 10.7% in the second quarter. FMR LLC now owns 25,539,336 shares of the company’s stock valued at $1,761,192,000 after buying an additional 2,464,718 shares during the last quarter. Finally, Northern Trust Corp increased its position in Altria Group by 0.8% in the third quarter. Northern Trust Corp now owns 24,759,366 shares of the company’s stock valued at $1,565,535,000 after buying an additional 203,269 shares during the last quarter. Institutional investors own 60.04% of the company’s stock.
Altria Group Company Profile
Altria Group, Inc is a holding company. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.
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