Hancock Whitney Corp Sells 1,791 Shares of Altria Group Inc (NYSE:MO)

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Hancock Whitney Corp trimmed its position in Altria Group Inc (NYSE:MO) by 4.6% during the fourth quarter, Holdings Channel reports. The firm owned 37,080 shares of the company’s stock after selling 1,791 shares during the quarter. Hancock Whitney Corp’s holdings in Altria Group were worth $1,851,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of MO. Julex Capital Management LLC bought a new stake in shares of Altria Group in the 3rd quarter valued at about $25,000. Simon Quick Advisors LLC raised its holdings in shares of Altria Group by 518.4% in the 4th quarter. Simon Quick Advisors LLC now owns 538 shares of the company’s stock valued at $27,000 after purchasing an additional 451 shares during the period. Cedar Mountain Advisors LLC bought a new stake in shares of Altria Group in the 4th quarter valued at about $27,000. Manchester Financial Inc. bought a new stake in shares of Altria Group in the 4th quarter valued at about $28,000. Finally, Vigilant Capital Management LLC raised its holdings in shares of Altria Group by 140.3% in the 3rd quarter. Vigilant Capital Management LLC now owns 704 shares of the company’s stock valued at $29,000 after purchasing an additional 411 shares during the period. 62.50% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on MO. Piper Sandler upgraded shares of Altria Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $52.00 to $57.00 in a research note on Thursday, January 30th. Jefferies Financial Group reiterated a “hold” rating on shares of Altria Group in a research note on Friday, January 31st. Citigroup upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, December 2nd. Morgan Stanley upped their price target on shares of Altria Group from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Finally, ValuEngine lowered shares of Altria Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.19.

Shares of NYSE:MO opened at $45.17 on Friday. The company’s 50 day moving average price is $49.19 and its two-hundred day moving average price is $46.81. Altria Group Inc has a 12-month low of $39.30 and a 12-month high of $57.88. The firm has a market cap of $85.28 billion, a PE ratio of 11.13, a PEG ratio of 1.62 and a beta of 0.50. The company has a quick ratio of 0.31, a current ratio of 0.59 and a debt-to-equity ratio of 4.28.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, January 30th. The company reported $1.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.02. Altria Group had a negative net margin of 5.15% and a positive return on equity of 67.74%. The firm had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the prior year, the business posted $0.95 EPS. The business’s revenue was up .3% compared to the same quarter last year. On average, research analysts expect that Altria Group Inc will post 4.41 EPS for the current year.

Altria Group Company Profile

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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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