Garden State Investment Advisory Services LLC Grows Stock Position in Altria Group, Inc. (NYSE:MO)

Garden State Investment Advisory Services LLC boosted its stake in shares of Altria Group, Inc. (NYSE:MO) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,546 shares of the company’s stock after acquiring an additional 530 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in Altria Group were worth $692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Beacon Investment Advisory Services Inc. raised its holdings in shares of Altria Group by 18.6% during the third quarter. Beacon Investment Advisory Services Inc. now owns 5,949 shares of the company’s stock valued at $304,000 after acquiring an additional 934 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Altria Group by 2,103.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 50,766 shares of the company’s stock worth $2,591,000 after purchasing an additional 48,462 shares in the last quarter. Atom Investors LP raised its stake in shares of Altria Group by 13.1% in the third quarter. Atom Investors LP now owns 33,669 shares of the company’s stock worth $1,718,000 after purchasing an additional 3,903 shares during the last quarter. Paradigm Capital Management LLC NV bought a new position in shares of Altria Group during the third quarter valued at $1,412,000. Finally, True Wealth Design LLC boosted its position in shares of Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after buying an additional 462 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Altria Group Trading Up 0.2 %

MO opened at $57.74 on Monday. The firm’s 50 day simple moving average is $52.55 and its two-hundred day simple moving average is $50.16. The company has a market capitalization of $97.86 billion, a PE ratio of 9.75, a PEG ratio of 3.28 and a beta of 0.64. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03.

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

Analyst Ratings Changes

A number of brokerages have weighed in on MO. Bank of America decreased their target price on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Barclays increased their price objective 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. Citigroup lifted their target price 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. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus raised their price target on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and a consensus 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.