Shares of Altria Group Inc (NYSE:MO) have received a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $66.72.
Several research analysts have recently commented on MO shares. Sanford C. Bernstein started coverage on Altria Group in a research report on Tuesday, October 16th. They set a “market perform” rating for the company. Piper Jaffray Companies set a $75.00 target price on Altria Group and gave the company a “buy” rating in a report on Tuesday, October 23rd. ValuEngine upgraded Altria Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Argus lifted their target price on Altria Group from $70.00 to $71.00 and gave the company a “buy” rating in a report on Monday, October 29th. Finally, Wells Fargo & Co reiterated an “outperform” rating on shares of Altria Group in a report on Monday, November 12th.
Institutional investors have recently bought and sold shares of the business. Capital International Investors increased its position in shares of Altria Group by 698.6% during the third quarter. Capital International Investors now owns 31,992,124 shares of the company’s stock worth $1,929,445,000 after purchasing an additional 27,986,154 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Altria Group by 4,426.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,150,081 shares of the company’s stock worth $469,000 after purchasing an additional 22,638,593 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Altria Group by 82,381.0% during the third quarter. Bank of New York Mellon Corp now owns 22,356,466 shares of the company’s stock worth $1,348,318,000 after purchasing an additional 22,329,361 shares in the last quarter. FMR LLC increased its position in shares of Altria Group by 14.1% during the second quarter. FMR LLC now owns 37,263,858 shares of the company’s stock worth $2,116,214,000 after purchasing an additional 4,613,088 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Altria Group by 20.0% during the third quarter. Morgan Stanley now owns 19,755,741 shares of the company’s stock worth $1,191,471,000 after purchasing an additional 3,293,877 shares in the last quarter. Institutional investors own 65.70% of the company’s stock.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 31st. The company reported $0.95 EPS for the quarter, hitting the consensus estimate of $0.95. Altria Group had a return on equity of 49.05% and a net margin of 27.45%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same period last year, the business posted $0.91 earnings per share. As a group, sell-side analysts anticipate that Altria Group will post 4.2 EPS for the current year.
Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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