Flossbach Von Storch AG boosted its stake in shares of Altria Group Inc (NYSE:MO) by 32.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,100 shares of the company’s stock after buying an additional 17,100 shares during the quarter. Flossbach Von Storch AG’s holdings in Altria Group were worth $4,228,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new position in shares of Altria Group in the 3rd quarter valued at about $103,000. IMA Wealth Inc. acquired a new position in shares of Altria Group in the 2nd quarter valued at about $106,000. Investment Partners LTD. acquired a new position in shares of Altria Group in the 3rd quarter valued at about $4,246,000. BerganKDV Wealth Management LLC acquired a new position in shares of Altria Group in the 2nd quarter valued at about $123,000. Finally, BDO Wealth Advisors LLC lifted its stake in shares of Altria Group by 165.5% in the 2nd quarter. BDO Wealth Advisors LLC now owns 2,222 shares of the company’s stock valued at $126,000 after purchasing an additional 1,385 shares during the period. 63.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Altria Group stock opened at $63.42 on Friday. Altria Group Inc has a one year low of $53.91 and a one year high of $74.38. The stock has a market capitalization of $121.89 billion, a P/E ratio of 18.76, a PEG ratio of 1.84 and a beta of 0.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.60 and a quick ratio of 0.36.
Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 25th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 48.31% and a net margin of 42.13%. Analysts expect that Altria Group Inc will post 3.99 EPS for the current fiscal year.
A number of brokerages have recently issued reports on MO. ValuEngine raised Altria Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Citigroup boosted their target price on Altria Group from $59.00 to $67.00 and gave the company a “hold” rating in a research report on Friday, September 21st. Sanford C. Bernstein assumed coverage on Altria Group in a research report on Tuesday, October 16th. They issued a “market perform” rating for the company. Zacks Investment Research lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, Stifel Nicolaus decreased their target price on Altria Group from $78.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, July 27th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Altria Group currently has a consensus rating of “Buy” and a consensus price target of $69.87.
In other Altria Group news, Director Dinyar S. Devitre sold 3,165 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $58.44, for a total transaction of $184,962.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.11% of the company’s stock.
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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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