Rockefeller Capital Management L.P. Has $18.17 Million Stake in Altria Group, Inc. (NYSE:MO)

Rockefeller Capital Management L.P. decreased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 356,171 shares of the company’s stock after selling 3,913 shares during the period. Rockefeller Capital Management L.P.’s holdings in Altria Group were worth $18,172,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MO. Providence Wealth Advisors LLC bought a new stake in Altria Group during the third quarter worth $421,000. Public Sector Pension Investment Board raised its position in Altria Group by 10.3% during the third quarter. Public Sector Pension Investment Board now owns 72,830 shares of the company’s stock worth $3,717,000 after acquiring an additional 6,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Altria Group by 7.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 635,775 shares of the company’s stock worth $32,450,000 after acquiring an additional 45,407 shares in the last quarter. CreativeOne Wealth LLC raised its position in Altria Group by 43.9% during the third quarter. CreativeOne Wealth LLC now owns 121,840 shares of the company’s stock worth $6,219,000 after acquiring an additional 37,180 shares in the last quarter. Finally, Bridgewater Associates LP raised its position in Altria Group by 29.8% during the third quarter. Bridgewater Associates LP now owns 1,438,565 shares of the company’s stock worth $73,424,000 after acquiring an additional 330,105 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

MO stock opened at $57.74 on Monday. The company’s 50-day simple moving average is $52.55 and its 200 day simple moving average is $50.16. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03. The company has a market capitalization of $97.86 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 3.28 and a beta of 0.64.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate 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 business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the prior year, the company posted $1.28 earnings per share. Altria Group’s revenue was up 18.6% compared to the same quarter last year. On average, analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Bank of America dropped their price target on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Stifel Nicolaus upped their price target on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Citigroup increased their price objective 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 analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.33.

Altria Group Company 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.