Vetr cut shares of Altria Group (NYSE:MO) from a strong-buy rating to a buy rating in a research note published on Monday, November 13th. They currently have $71.65 price target on the stock.
Several other equities research analysts have also recently weighed in on MO. Jefferies Group reaffirmed a hold rating and issued a $70.00 price target (down previously from $71.00) on shares of Altria Group in a research report on Monday, July 17th. BidaskClub cut shares of Altria Group from a sell rating to a strong sell rating in a research report on Monday, July 24th. Cowen set a $78.00 price target on shares of Altria Group and gave the stock a hold rating in a research report on Friday, July 28th. Piper Jaffray Companies set a $76.00 price target on shares of Altria Group and gave the stock a buy rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada raised shares of Altria Group from an underperform rating to a sector perform rating and set a $62.00 price target for the company in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $72.90.
Altria Group (NYSE MO) traded up $0.75 during trading on Monday, reaching $68.58. 8,049,532 shares of the company’s stock traded hands, compared to its average volume of 5,933,775. The stock has a market cap of $129,422.98, a PE ratio of 21.46, a price-to-earnings-growth ratio of 2.77 and a beta of 0.62. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. Altria Group has a 12 month low of $60.01 and a 12 month high of $77.79.
In related news, Director Dinyar S. Devitre sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $61.22, for a total transaction of $1,959,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.
A number of institutional investors have recently modified their holdings of MO. Janus Henderson Group PLC increased its stake in Altria Group by 21,647.0% during the 2nd quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock valued at $1,476,867,000 after purchasing an additional 19,740,509 shares in the last quarter. BlackRock Inc. increased its stake in shares of Altria Group by 7.6% in the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after acquiring an additional 8,969,677 shares during the period. Capital World Investors increased its stake in shares of Altria Group by 27.6% in the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after acquiring an additional 8,914,575 shares during the period. Vanguard Group Inc. increased its stake in shares of Altria Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after acquiring an additional 2,690,270 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of Altria Group by 67.7% in the third quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock worth $310,314,000 after acquiring an additional 1,974,500 shares during the period. Institutional investors and hedge funds own 62.69% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Vetr Downgrades Altria Group (NYSE:MO) to Buy” was originally reported by BBNS and is the property of of BBNS. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://baseballnewssource.com/markets/altria-group-mo-rating-lowered-to-buy-at-vetr-inc/1781615.html.
Altria Group Company Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with our FREE daily email newsletter.