Rovin Capital UT ADV Has $777,000 Stake in Altria Group, Inc. (NYSE:MO)

Rovin Capital UT ADV lifted its holdings in Altria Group, Inc. (NYSE:MO) by 108.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,048 shares of the company’s stock after acquiring an additional 8,868 shares during the quarter. Rovin Capital UT ADV’s holdings in Altria Group were worth $777,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MO. Capital Research Global Investors lifted its position in shares of Altria Group by 1.9% during the fourth quarter. Capital Research Global Investors now owns 13,279,658 shares of the company’s stock worth $535,701,000 after purchasing an additional 242,442 shares in the last quarter. Van ECK Associates Corp boosted its position in Altria Group by 120.6% in the 1st quarter. Van ECK Associates Corp now owns 8,762,047 shares of the company’s stock valued at $382,201,000 after buying an additional 4,789,788 shares during the last quarter. LSV Asset Management increased its stake in shares of Altria Group by 15.2% in the 4th quarter. LSV Asset Management now owns 4,681,943 shares of the company’s stock valued at $188,870,000 after buying an additional 617,900 shares during the period. Victory Capital Management Inc. increased its stake in shares of Altria Group by 24.4% in the 4th quarter. Victory Capital Management Inc. now owns 4,674,441 shares of the company’s stock valued at $188,567,000 after buying an additional 915,478 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Altria Group by 1.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,754,522 shares of the company’s stock worth $163,772,000 after acquiring an additional 54,096 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MO shares. Stifel Nicolaus lifted their price target on shares of Altria Group from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Argus raised Altria Group to a “hold” rating in a research note on Friday, May 31st. Bank of America lifted their price objective on Altria Group from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Friday, June 28th. Finally, Barclays upped their price target on Altria Group from $37.00 to $43.00 and gave the company an “underweight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $47.08.

Altria Group Stock Up 1.1 %

Shares of MO traded up $0.58 during trading hours on Friday, hitting $51.32. The company had a trading volume of 7,722,716 shares, compared to its average volume of 10,574,669. The firm has a market cap of $88.15 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 3.07 and a beta of 0.66. The business has a fifty day moving average of $47.94 and a 200-day moving average of $44.67. Altria Group, Inc. has a 12 month low of $39.06 and a 12 month high of $51.40.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). Altria Group had a negative return on equity of 232.55% and a net margin of 42.25%. The business had revenue of $6.21 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same quarter last year, the firm earned $1.31 EPS. Altria Group’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities analysts expect that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

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.