Daiwa Securities Group Inc. Has $11.13 Million Stock Position in Altria Group, Inc. (NYSE:MO)

Daiwa Securities Group Inc. boosted its stake in shares of Altria Group, Inc. (NYSE:MO) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 218,085 shares of the company’s stock after purchasing an additional 22,815 shares during the period. Daiwa Securities Group Inc.’s holdings in Altria Group were worth $11,131,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MO. CWM LLC increased its holdings in Altria Group by 15.3% during the third quarter. CWM LLC now owns 305,704 shares of the company’s stock worth $15,603,000 after buying an additional 40,574 shares during the last quarter. Regal Investment Advisors LLC raised its holdings in shares of Altria Group by 4.2% in the 2nd quarter. Regal Investment Advisors LLC now owns 251,933 shares of the company’s stock valued at $11,476,000 after purchasing an additional 10,079 shares during the period. Commonwealth Equity Services LLC lifted its stake in Altria Group by 2.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,456,308 shares of the company’s stock valued at $74,330,000 after purchasing an additional 32,318 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Altria Group by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after buying an additional 589,832 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Altria Group by 729.8% in the third quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock valued at $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.

Altria Group Stock Up 1.2 %

Shares of MO stock opened at $56.73 on Monday. The company has a market cap of $96.15 billion, a P/E ratio of 9.58, a P/E/G ratio of 3.23 and a beta of 0.64. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $56.84. The business has a fifty day simple moving average of $51.87 and a 200 day simple moving average of $49.73.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the prior year, the business earned $1.28 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MO has been the topic of a number of recent analyst reports. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays increased their price objective on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Stifel Nicolaus raised their target price 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. UBS Group boosted their price target on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Altria Group currently has an average rating of “Hold” and a consensus target price of $51.33.

Altria Group 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.