Davis R M Inc. Sells 1,444 Shares of Altria Group, Inc. (NYSE:MO)

Davis R M Inc. lessened its stake in shares of Altria Group, Inc. (NYSE:MO) by 16.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,331 shares of the company’s stock after selling 1,444 shares during the quarter. Davis R M Inc.’s holdings in Altria Group were worth $374,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MFA Wealth Advisors LLC acquired a new stake in shares of Altria Group in the second quarter worth $27,000. Hobbs Group Advisors LLC bought a new stake in Altria Group in the 2nd quarter valued at $30,000. Valley Wealth Managers Inc. grew its position in Altria Group by 63.9% in the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after purchasing an additional 260 shares during the last quarter. Peterson Financial Group Inc. bought a new position in shares of Altria Group during the 3rd quarter worth about $41,000. Finally, Fairman Group LLC increased its holdings in shares of Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after purchasing an additional 410 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Stock Up 0.0 %

Shares of MO stock opened at $56.75 on Tuesday. The company has a market capitalization of $96.17 billion, a P/E ratio of 9.59, a P/E/G ratio of 3.23 and a beta of 0.64. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $57.20. The firm has a 50-day moving average price of $51.97 and a 200 day moving average price of $49.81.

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

Wall Street Analysts Forecast Growth

MO has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup boosted their price objective on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. UBS Group raised their target price on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Bank of America reduced their price objective on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Altria Group 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.