Exane Derivatives Sells 11,157 Shares of Altria Group Inc (MO)

Exane Derivatives lessened its holdings in Altria Group Inc (NYSE:MO) by 33.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,219 shares of the company’s stock after selling 11,157 shares during the period. Exane Derivatives’ holdings in Altria Group were worth $1,097,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MO. Capital International Investors lifted its stake in shares of Altria Group by 698.6% in the 3rd 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 during the period. Bank of New York Mellon Corp lifted its stake in shares of Altria Group by 82,381.0% in the 3rd 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 during the period. FMR LLC lifted its stake in shares of Altria Group by 14.1% in the 2nd 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 during the period. Morgan Stanley lifted its stake in shares of Altria Group by 20.0% in the 3rd 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 during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Altria Group by 53.5% in the 3rd quarter. Alliancebernstein L.P. now owns 8,540,024 shares of the company’s stock worth $515,049,000 after purchasing an additional 2,976,847 shares during the period. Hedge funds and other institutional investors own 65.70% of the company’s stock.

NYSE MO opened at $49.66 on Wednesday. Altria Group Inc has a 12 month low of $42.40 and a 12 month high of $66.53. The company has a market cap of $92.36 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.46 and a beta of 0.36. The company has a current ratio of 0.20, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80.

Altria Group (NYSE:MO) last released its earnings results on Thursday, January 31st. The company reported $0.95 EPS for the quarter, hitting analysts’ consensus estimates of $0.95. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter last year, the business earned $0.91 EPS. As a group, analysts expect that Altria Group Inc will post 4.2 earnings per share for the current year.

Several brokerages have recently weighed in on MO. Morgan Stanley cut shares of Altria Group from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Citigroup cut shares of Altria Group from a “neutral” rating to a “sell” rating in a research note on Friday, December 21st. Finally, Barclays began coverage on shares of Altria Group in a research note on Friday, December 7th. They set an “overweight” rating and a $64.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Altria Group currently has an average rating of “Hold” and an average price target of $65.86.

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About Altria Group

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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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