Townsquare Capital LLC Has $3.81 Million Stock Holdings in Altria Group, Inc. (NYSE:MO)

Townsquare Capital LLC raised its holdings in shares of Altria Group, Inc. (NYSE:MO) by 20.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 74,589 shares of the company’s stock after purchasing an additional 12,727 shares during the quarter. Townsquare Capital LLC’s holdings in Altria Group were worth $3,807,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. MFA Wealth Advisors LLC acquired a new position in Altria Group in the second quarter valued at about $27,000. Hobbs Group Advisors LLC acquired a new stake in shares of Altria Group in the 2nd quarter valued at approximately $30,000. Valley Wealth Managers Inc. boosted its stake in 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 during the last quarter. Peterson Financial Group Inc. acquired a new position in Altria Group during the third quarter valued at approximately $41,000. Finally, Fairman Group LLC increased its stake 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 purchasing an additional 410 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of Altria Group stock opened at $57.74 on Friday. 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 business’s 50 day simple moving average is $52.55 and its 200 day simple moving average is $50.10. Altria Group, Inc. has a 52-week low of $39.25 and a 52-week high of $58.03.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $5.33 billion. During the same period last year, the company earned $1.28 earnings per share. The firm’s revenue was up 18.6% compared to the same quarter last year. As a group, equities research analysts predict that Altria Group, Inc. will post 5.11 EPS for the current year.

Analyst Upgrades and Downgrades

MO has been the topic of a number of recent analyst reports. Citigroup lifted their price target on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Barclays boosted their target price 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 dropped their price target on Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, UBS Group raised their target price on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.