Boston Family Office LLC Buys 1,000 Shares of Altria Group, Inc. (NYSE:MO)

Boston Family Office LLC boosted its stake in Altria Group, Inc. (NYSE:MO) by 7.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,779 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Boston Family Office LLC’s holdings in Altria Group were worth $827,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Altria Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 158,117,225 shares of the company’s stock valued at $9,490,196,000 after purchasing an additional 1,300,787 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Altria Group by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company’s stock valued at $3,798,592,000 after buying an additional 3,483,487 shares during the last quarter. GQG Partners LLC lifted its position in shares of Altria Group by 8,146.4% during the 1st quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock valued at $1,122,290,000 after buying an additional 18,471,846 shares during the last quarter. Northern Trust Corp grew its stake in shares of Altria Group by 9.6% during the 4th quarter. Northern Trust Corp now owns 16,432,535 shares of the company’s stock worth $859,257,000 after acquiring an additional 1,444,021 shares during the period. Finally, Invesco Ltd. increased its holdings in Altria Group by 3.7% in the 1st quarter. Invesco Ltd. now owns 12,243,041 shares of the company’s stock worth $734,827,000 after acquiring an additional 441,083 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MO. Morgan Stanley upped their price objective on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Needham & Company LLC raised shares of Altria Group to a “hold” rating in a research report on Thursday, May 22nd. Citigroup raised their price objective on shares of Altria Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Barclays lifted their price objective on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.13.

Altria Group Trading Up 0.4%

Altria Group stock opened at $65.82 on Friday. Altria Group, Inc. has a 1-year low of $48.86 and a 1-year high of $66.29. The firm has a market capitalization of $110.57 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 3.54 and a beta of 0.59. The firm’s 50 day simple moving average is $60.31 and its 200 day simple moving average is $58.30.

Altria Group (NYSE:MO) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.07. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 EPS. Research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.