Altria Group, Inc. (NYSE:MO) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,231 shares of the company’s stock after acquiring an additional 7,330 shares during the quarter. Summit Trail Advisors LLC’s holdings in Altria Group were worth $5,582,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MO. MFA Wealth Advisors LLC acquired a new stake in shares of Altria Group in the second quarter valued at $27,000. Hobbs Group Advisors LLC acquired a new stake in shares of Altria Group in the second quarter valued at $30,000. Valley Wealth Managers Inc. grew its stake in shares of Altria Group by 63.9% in the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after buying an additional 260 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Altria Group in the third quarter valued at $41,000. Finally, Fairman Group LLC grew its stake in shares of Altria Group by 85.1% in the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after buying an additional 410 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of NYSE MO opened at $56.73 on Friday. The company has a market capitalization of $96.15 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 3.19 and a beta of 0.64. The business has a 50-day moving average of $51.87 and a two-hundred day moving average of $49.69. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $56.84.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. Altria Group’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 EPS. As a group, equities research analysts expect that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price objective on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group boosted their target price on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. Bank of America lowered their target price on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.33.

About Altria Group

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.