Altria Group, Inc. (NYSE:MO) Shares Sold by Associated Banc Corp

Associated Banc Corp lessened its holdings in Altria Group, Inc. (NYSE:MO) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,592 shares of the company’s stock after selling 1,243 shares during the quarter. Associated Banc Corp’s holdings in Altria Group were worth $2,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MFA Wealth Advisors LLC acquired a new stake in shares of Altria Group in the second quarter valued at about $27,000. Hobbs Group Advisors LLC acquired a new stake in shares of Altria Group during the 2nd quarter valued at approximately $30,000. Valley Wealth Managers Inc. boosted its stake in shares of Altria Group by 63.9% during the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after acquiring an additional 260 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Altria Group in the 3rd quarter worth approximately $41,000. Finally, Fairman Group LLC increased its stake in Altria Group by 85.1% in the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after purchasing an additional 410 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays raised their price target on 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 increased their price objective on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Bank of America lowered their price target on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $51.33.

Altria Group Trading Up 0.0 %

MO stock opened at $56.75 on Tuesday. The company has a market cap of $96.17 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 3.23 and a beta of 0.64. The stock has a 50-day moving average price of $51.97 and a two-hundred day moving average price of $49.81. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $57.20.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company’s revenue was up 18.6% on a year-over-year basis. During the same period last year, the business posted $1.28 EPS. Equities analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

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.