Altria Group (NYSE:MO) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday. They presently have a $67.97 price target on the stock. Vetr‘s price target indicates a potential downside of 4.99% from the company’s previous close.
Several other brokerages also recently issued reports on MO. Jefferies Group set a $72.00 price target on Altria Group and gave the company a “hold” rating in a report on Friday, November 17th. Zacks Investment Research downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $76.00 price target on shares of Altria Group in a report on Friday, October 27th. BidaskClub cut Altria Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Finally, Edward Jones upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $72.64.
Shares of Altria Group (NYSE MO) opened at $71.54 on Monday. Altria Group has a twelve month low of $60.01 and a twelve month high of $77.79. The stock has a market capitalization of $136,510.00, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.92 and a beta of 0.62. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 1.14.
Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the firm posted $0.82 EPS. The company’s quarterly revenue was down 1.8% on a year-over-year basis. equities research analysts expect that Altria Group will post 3.28 earnings per share for the current fiscal year.
In other Altria Group news, Director Dinyar S. Devitre sold 32,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $61.22, for a total transaction of $1,959,040.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bellwether Investment Group LLC increased its position in shares of Altria Group by 0.3% in the second quarter. Bellwether Investment Group LLC now owns 4,451 shares of the company’s stock worth $331,000 after purchasing an additional 12 shares during the period. Lafayette Investments Inc. increased its position in shares of Altria Group by 0.7% in the first quarter. Lafayette Investments Inc. now owns 3,863 shares of the company’s stock worth $276,000 after purchasing an additional 25 shares during the period. YorkBridge Wealth Partners LLC increased its position in shares of Altria Group by 0.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 4,912 shares of the company’s stock worth $366,000 after purchasing an additional 28 shares during the period. Cheviot Value Management LLC increased its position in shares of Altria Group by 1.0% in the second quarter. Cheviot Value Management LLC now owns 2,928 shares of the company’s stock worth $218,000 after purchasing an additional 28 shares during the period. Finally, Thompson Davis & CO. Inc. increased its position in shares of Altria Group by 0.5% in the second quarter. Thompson Davis & CO. Inc. now owns 5,757 shares of the company’s stock worth $429,000 after purchasing an additional 29 shares during the period. Institutional investors own 62.70% of the company’s stock.
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.
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