Mastrapasqua Asset Management Inc. decreased its stake in shares of Altria Group (NYSE:MO) by 1.1% during the third quarter, Holdings Channel reports. The fund owned 9,040 shares of the company’s stock after selling 100 shares during the period. Mastrapasqua Asset Management Inc.’s holdings in Altria Group were worth $572,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in MO. Vanguard Group Inc. raised its stake in shares of Altria Group by 2.8% in the second quarter. Vanguard Group Inc. now owns 125,294,855 shares of the company’s stock valued at $8,640,334,000 after buying an additional 3,366,581 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Altria Group by 0.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 52,932,938 shares of the company’s stock valued at $3,346,950,000 after buying an additional 489,813 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Altria Group by 2.1% in the third quarter. BlackRock Fund Advisors now owns 33,275,054 shares of the company’s stock valued at $2,103,982,000 after buying an additional 697,380 shares during the last quarter. Northern Trust Corp raised its stake in shares of Altria Group by 0.8% in the third quarter. Northern Trust Corp now owns 24,759,366 shares of the company’s stock valued at $1,565,535,000 after buying an additional 203,269 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Altria Group by 3.5% in the third quarter. Ameriprise Financial Inc. now owns 22,334,342 shares of the company’s stock valued at $1,411,650,000 after buying an additional 758,729 shares during the last quarter. Institutional investors own 60.94% of the company’s stock.
Shares of Altria Group (NYSE:MO) traded down 0.10% during mid-day trading on Friday, hitting $72.42. The company had a trading volume of 4,154,904 shares. The firm has a 50-day moving average price of $69.61 and a 200-day moving average price of $65.91. The firm has a market capitalization of $140.50 billion, a PE ratio of 9.95 and a beta of 0.61. Altria Group has a 52 week low of $59.48 and a 52 week high of $72.59.
Altria Group (NYSE:MO) last posted its earnings results on Wednesday, February 1st. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Altria Group had a return on equity of 109.95% and a net margin of 55.31%. The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $4.80 billion. During the same quarter in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts forecast that Altria Group will post $3.31 earnings per share for the current year.
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Several equities research analysts recently commented on MO shares. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $68.00 target price (down previously from $69.00) on shares of Altria Group in a research report on Saturday, October 15th. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.00 price target on the stock. in a report on Monday, October 24th. Zacks Investment Research lowered Altria Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 price target on shares of Altria Group in a report on Wednesday, November 16th. Finally, Argus increased their price target on Altria Group from $73.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Altria Group currently has an average rating of “Hold” and an average price target of $71.13.
Altria Group Company Profile
Altria Group, Inc is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.
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