Altria Group, Inc. (NYSE:MO) Stake Lessened by RS Crum Inc.

RS Crum Inc. decreased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,763 shares of the company’s stock after selling 275 shares during the quarter. RS Crum Inc.’s holdings in Altria Group were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in Altria Group by 1.0% in 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 buying an additional 589,832 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Altria Group by 1.6% during the second quarter. Legal & General Group Plc now owns 12,355,509 shares of the company’s stock worth $562,793,000 after acquiring an additional 191,236 shares in the last quarter. AQR Capital Management LLC boosted its position in Altria Group by 25.0% during 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 last quarter. Victory Capital Management Inc. grew its stake in Altria Group by 5.0% in the second quarter. Victory Capital Management Inc. now owns 5,060,589 shares of the company’s stock valued at $230,510,000 after purchasing an additional 243,201 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of Altria Group by 4.6% during the 2nd quarter. LSV Asset Management now owns 4,888,137 shares of the company’s stock worth $222,655,000 after purchasing an additional 215,594 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Performance

Altria Group stock opened at $57.58 on Wednesday. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $57.60. The firm has a market capitalization of $97.59 billion, a PE ratio of 9.73, a PEG ratio of 3.23 and a beta of 0.64. The business’s 50-day simple moving average is $52.11 and its 200-day simple moving average is $49.90.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on MO. 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America reduced their price objective on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. StockNews.com raised 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 price target on Altria Group from $54.00 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 assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.