Altria Group (NYSE:MO) had its target price boosted by Wells Fargo & Co from $80.00 to $85.00 in a research note issued to investors on Thursday. The firm presently has an “outperform” rating on the stock. Wells Fargo & Co’s price target points to a potential upside of 20.74% from the stock’s current price.
Several other equities research analysts have also recently commented on MO. Vetr cut shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $69.00 price target on the stock. in a research report on Wednesday, September 6th. Cowen reissued a “hold” rating on shares of Altria Group in a research report on Sunday, September 10th. Royal Bank of Canada reissued a “hold” rating and set a $62.00 price target on shares of Altria Group in a research report on Tuesday, October 3rd. 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. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $76.00 price target on shares of Altria Group in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $72.87.
Shares of Altria Group (MO) traded up $0.20 during trading hours on Thursday, reaching $70.40. 6,302,600 shares of the company’s stock traded hands, compared to its average volume of 6,250,077. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14. Altria Group has a 52-week low of $60.01 and a 52-week high of $77.79. The company has a market cap of $134,336.58, a PE ratio of 8.81, a PEG ratio of 2.65 and a beta of 0.62.
Hedge funds have recently modified their holdings of the company. Sterling Investment Advisors Ltd. grew its stake in Altria Group by 133.3% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company’s stock valued at $100,000 after buying an additional 800 shares during the last quarter. Solaris Asset Management LLC grew its stake in Altria Group by 65.7% in the 2nd quarter. Solaris Asset Management LLC now owns 1,405 shares of the company’s stock valued at $105,000 after buying an additional 557 shares during the last quarter. CKW Financial Group acquired a new position in Altria Group in the 2nd quarter valued at about $109,000. Balentine LLC grew its stake in Altria Group by 32.4% in the 2nd quarter. Balentine LLC now owns 1,460 shares of the company’s stock valued at $109,000 after buying an additional 357 shares during the last quarter. Finally, NewSquare Capital LLC grew its stake in Altria Group by 4,734.7% in the 3rd quarter. NewSquare Capital LLC now owns 108,780 shares of the company’s stock valued at $109,000 after buying an additional 106,530 shares during the last quarter. 62.64% of the stock is currently owned by institutional investors.
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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.
