Altria Group (MO) Downgraded to Hold at Vetr

Vetr cut shares of Altria Group (NYSE:MO) from a buy rating to a hold rating in a report published on Monday morning. The brokerage currently has $71.65 price objective on the stock.

Several other analysts have also recently issued reports on the stock. BidaskClub cut shares of Altria Group from a sell rating to a strong sell rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of Altria Group from a hold rating to a buy rating and set a $71.00 price target on the stock in a research report on Wednesday, October 11th. Citigroup reduced their price target on shares of Altria Group from $80.00 to $75.00 and set a buy rating on the stock in a research report on Monday, October 30th. Cowen raised shares of Altria Group from a market perform rating to an outperform rating and increased their price target for the stock from $64.00 to $71.00 in a research report on Tuesday, September 26th. Finally, Edward Jones raised shares of Altria Group from a hold rating to a buy rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $72.90.

Shares of Altria Group (NYSE:MO) traded up $1.50 on Monday, hitting $70.08. 9,630,800 shares of the stock traded hands, compared to its average volume of 6,788,101. The firm has a market capitalization of $130,863.67, a PE ratio of 21.70, a PEG ratio of 2.80 and a beta of 0.62. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. equities research analysts forecast that Altria Group will post 3.28 EPS for the current year.

In related news, Director Dinyar S. Devitre sold 32,000 shares of the firm’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 value of $1,959,040.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in MO. Sterling Investment Advisors Ltd. grew its position in shares of Altria Group by 133.3% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock worth $100,000 after acquiring an additional 800 shares during the last quarter. Solaris Asset Management LLC grew its position in shares of Altria Group by 65.7% during the second quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock worth $105,000 after acquiring an additional 557 shares during the last quarter. CKW Financial Group purchased a new position in shares of Altria Group during the second quarter worth approximately $109,000. NewSquare Capital LLC grew its position in shares of Altria Group by 4,734.7% during the third quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock worth $109,000 after acquiring an additional 106,530 shares during the last quarter. Finally, Balentine LLC grew its position in shares of Altria Group by 32.4% during the second quarter. Balentine LLC now owns 1,460 shares of the company’s stock worth $109,000 after acquiring an additional 357 shares during the last quarter. Institutional investors own 62.70% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Altria Group (MO) Downgraded to Hold at Vetr” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/12/05/altria-group-mo-downgraded-to-hold-at-vetr.html.

About Altria Group

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.

Analyst Recommendations for Altria Group (NYSE:MO)

What are top analysts saying about Altria Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Altria Group and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit