Traders purchased shares of Altria Group Inc (NYSE:MO) on weakness during trading hours on Thursday. $187.37 million flowed into the stock on the tick-up and $162.15 million flowed out of the stock on the tick-down, for a money net flow of $25.22 million into the stock. Of all equities tracked, Altria Group had the 20th highest net in-flow for the day. Altria Group traded down ($1.82) for the day and closed at $57.28

MO has been the subject of several research reports. ValuEngine cut Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Piper Jaffray Companies set a $75.00 price target on Altria Group and gave the stock a “buy” rating in a research report on Monday, July 23rd. Jefferies Financial Group cut Altria Group from a “buy” rating to a “hold” rating and set a $61.00 price target for the company. in a research report on Friday, August 24th. Finally, Argus boosted their price target on Altria Group from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $69.87.

The company has a debt-to-equity ratio of 0.77, a current ratio of 0.60 and a quick ratio of 0.36. The firm has a market cap of $115.00 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.74 and a beta of 0.40.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a return on equity of 48.31% and a net margin of 42.13%. On average, analysts forecast that Altria Group Inc will post 3.99 EPS for the current year.

In other Altria Group news, Director Dinyar S. Devitre sold 3,165 shares of the company’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $58.44, for a total value of $184,962.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Regentatlantic Capital LLC lifted its stake in Altria Group by 15.9% during the 3rd quarter. Regentatlantic Capital LLC now owns 36,272 shares of the company’s stock worth $2,188,000 after acquiring an additional 4,974 shares in the last quarter. Fort Pitt Capital Group LLC lifted its stake in Altria Group by 11.6% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 20,502 shares of the company’s stock worth $1,236,000 after acquiring an additional 2,139 shares in the last quarter. Exeter Financial LLC lifted its stake in Altria Group by 8.7% during the 2nd quarter. Exeter Financial LLC now owns 20,414 shares of the company’s stock worth $1,159,000 after acquiring an additional 1,638 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Altria Group during the 2nd quarter worth about $20,143,000. Finally, Independence Bank of Kentucky lifted its stake in Altria Group by 13.2% during the 2nd quarter. Independence Bank of Kentucky now owns 14,488 shares of the company’s stock worth $823,000 after acquiring an additional 1,685 shares in the last quarter. 63.37% of the stock is currently owned by institutional investors and hedge funds.

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Altria Group Company Profile (NYSE:MO)

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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