GM Advisory Group LLC Boosts Stock Holdings in Altria Group, Inc. (NYSE:MO)

GM Advisory Group LLC increased its position in shares of Altria Group, Inc. (NYSE:MO) by 14.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 39,631 shares of the company’s stock after purchasing an additional 5,039 shares during the period. GM Advisory Group LLC’s holdings in Altria Group were worth $2,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC purchased a new position in Altria Group in the second quarter valued at about $27,000. Hobbs Group Advisors LLC purchased a new position in Altria Group in the second quarter valued at about $30,000. Valley Wealth Managers Inc. increased its holdings in Altria Group by 63.9% in the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after buying an additional 260 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in Altria Group in the third quarter valued at about $41,000. Finally, Fairman Group LLC increased its holdings in Altria Group by 85.1% in the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after buying an additional 410 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Performance

Shares of NYSE MO opened at $56.06 on Friday. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $56.55. The firm’s 50 day moving average price is $51.79 and its 200 day moving average price is $49.56. The firm has a market cap of $95.00 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 3.18 and a beta of 0.64.

Altria Group (NYSE:MO) last announced its earnings results 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 firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same quarter last year, the business earned $1.28 earnings per share. Altria Group’s revenue was up 18.6% compared to the same quarter last year. As a group, equities analysts predict that Altria Group, Inc. will post 5.11 EPS for the current year.

Analyst Ratings Changes

MO has been the subject of a number of research analyst reports. Bank of America dropped their target price 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. Barclays increased their price target 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. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus increased their price target on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup increased their price target on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $51.33.

About Altria Group

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.