Fiduciary Trust Co Sells 1,775 Shares of Altria Group, Inc. (NYSE:MO)

Fiduciary Trust Co decreased its position in shares of Altria Group, Inc. (NYSE:MO) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,188 shares of the company’s stock after selling 1,775 shares during the quarter. Fiduciary Trust Co’s holdings in Altria Group were worth $1,184,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MO. Atria Investments Inc raised its stake in shares of Altria Group by 10.0% during the first quarter. Atria Investments Inc now owns 102,257 shares of the company’s stock valued at $4,460,000 after acquiring an additional 9,290 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Altria Group by 7.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 395,085 shares of the company’s stock valued at $17,289,000 after purchasing an additional 28,718 shares during the period. EverSource Wealth Advisors LLC raised its position in Altria Group by 30.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,820 shares of the company’s stock worth $255,000 after purchasing an additional 1,344 shares during the last quarter. HM Payson & Co. lifted its holdings in Altria Group by 13.0% during the 1st quarter. HM Payson & Co. now owns 48,152 shares of the company’s stock worth $2,100,000 after buying an additional 5,522 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Altria Group by 78.8% in the 2nd quarter. GAMMA Investing LLC now owns 20,662 shares of the company’s stock valued at $941,000 after buying an additional 9,106 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 0.2 %

Shares of NYSE MO opened at $57.74 on Friday. The firm has a market capitalization of $97.86 billion, a P/E ratio of 9.75, a P/E/G ratio of 3.28 and a beta of 0.64. The firm’s 50-day moving average price is $52.55 and its 200-day moving average price is $50.10. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The firm’s revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 EPS. Equities research analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current year.

Analyst Ratings Changes

MO has been the subject of a number of analyst reports. Barclays raised their price objective on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group increased their price objective on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research report on Monday, September 9th. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Citigroup boosted 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. Two investment 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 company currently has an average rating of “Hold” and an average price target of $51.33.

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.