Altria Group (NYSE:MO) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Monday. They currently have a $71.65 target price on the stock. Vetr‘s price target suggests a potential upside of 2.24% from the company’s current price.

Several other research firms have also recently weighed in on MO. BidaskClub cut shares of Altria Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a 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 for the company in a report on Monday, October 30th. Cowen upgraded shares of Altria Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $64.00 to $71.00 in a report on Tuesday, September 26th. Finally, Edward Jones upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Altria Group presently has an average rating of “Hold” and a consensus target price of $72.90.

Shares of Altria Group (MO) traded up $1.50 during midday trading on Monday, reaching $70.08. 9,630,272 shares of the company were exchanged, compared to its average volume of 6,788,097. The firm has a market capitalization of $130,863.67, a PE ratio of 21.70, a P/E/G ratio of 2.80 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 52-week low of $60.01 and a 52-week high of $77.79.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.03. The firm had revenue of $5.10 billion during 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 revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 earnings per share. 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 stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in MO. British Columbia Investment Management Corp boosted its holdings in Altria Group by 17.0% during the first quarter. British Columbia Investment Management Corp now owns 857,760 shares of the company’s stock worth $61,261,000 after purchasing an additional 124,740 shares during the last quarter. RNC Capital Management LLC boosted its holdings in Altria Group by 3.5% during the first quarter. RNC Capital Management LLC now owns 552,435 shares of the company’s stock worth $39,455,000 after purchasing an additional 18,855 shares during the last quarter. Cedar Capital LLC boosted its holdings in Altria Group by 36.4% during the first quarter. Cedar Capital LLC now owns 5,558 shares of the company’s stock worth $397,000 after purchasing an additional 1,484 shares during the last quarter. Intrust Bank NA raised its position in Altria Group by 3.1% during the first quarter. Intrust Bank NA now owns 23,311 shares of the company’s stock worth $1,665,000 after acquiring an additional 710 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its position in Altria Group by 9.2% during the first quarter. Ropes Wealth Advisors LLC now owns 17,858 shares of the company’s stock worth $1,275,000 after acquiring an additional 1,502 shares in the last quarter. Institutional investors and hedge funds own 62.70% of the company’s stock.

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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.

Analyst Recommendations for Altria Group (NYSE:MO)

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