Cobblestone Capital Advisors LLC NY Purchases 277 Shares of Altria Group, Inc. (NYSE:MO)

Cobblestone Capital Advisors LLC NY raised its position in Altria Group, Inc. (NYSE:MO) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,425 shares of the company’s stock after purchasing an additional 277 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Altria Group were worth $430,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MO. Los Angeles Capital Management LLC increased its position in Altria Group by 729.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock valued at $100,511,000 after acquiring an additional 1,731,932 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Altria Group by 3,786.6% in the third quarter. Assenagon Asset Management S.A. now owns 1,743,443 shares of the company’s stock worth $88,985,000 after purchasing an additional 1,698,585 shares during the last quarter. AQR Capital Management LLC increased its holdings in Altria Group by 25.0% in the second quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock valued at $295,055,000 after purchasing an additional 1,299,703 shares during the period. National Pension Service increased its holdings in Altria Group by 19.9% in the third quarter. National Pension Service now owns 4,034,414 shares of the company’s stock valued at $205,916,000 after purchasing an additional 670,858 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Altria Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after purchasing an additional 589,832 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MO. Barclays increased their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. 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. Deutsche Bank Aktiengesellschaft boosted their price target 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. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus boosted their target price on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two 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. According to MarketBeat, Altria Group currently has an average rating of “Hold” and an average price target of $51.33.

Altria Group Stock Up 0.2 %

Shares of NYSE MO opened at $57.74 on Monday. The firm has a market cap of $97.86 billion, a PE ratio of 9.75, a P/E/G ratio of 3.28 and a beta of 0.64. The company’s fifty day simple moving average is $52.55 and its 200 day simple moving average is $50.16. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The business’s revenue was up 18.6% on a year-over-year basis. On average, equities analysts predict that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Altria Group Company 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.