Prospera Private Wealth LLC Takes Position in Altria Group, Inc. (NYSE:MO)

Prospera Private Wealth LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,585 shares of the company’s stock, valued at approximately $81,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Aviance Capital Partners LLC boosted its stake in shares of Altria Group by 0.5% in the 3rd quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock valued at $2,060,000 after buying an additional 191 shares during the period. Delta Investment Management LLC increased its holdings in shares of Altria Group by 2.9% in the 2nd quarter. Delta Investment Management LLC now owns 7,064 shares of the company’s stock valued at $322,000 after acquiring an additional 198 shares during the period. Scarborough Advisors LLC raised its holdings in shares of Altria Group by 18.5% in the second quarter. Scarborough Advisors LLC now owns 1,283 shares of the company’s stock valued at $58,000 after buying an additional 200 shares during the last quarter. American Institute for Advanced Investment Management LLP lifted its position in Altria Group by 3.5% during the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock worth $299,000 after acquiring an additional 200 shares during the period. Finally, Ridgecrest Wealth Partners LLC lifted its holdings in shares of Altria Group by 3.5% during the third quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock worth $299,000 after purchasing an additional 200 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on MO. UBS Group lifted their price objective on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a report on Monday, September 9th. Bank of America cut their target price on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Stifel Nicolaus increased 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. Barclays lifted their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.33.

Altria Group Price Performance

Shares of NYSE:MO opened at $56.06 on Friday. The firm has a market capitalization of $95.00 billion, a PE ratio of 9.47, a P/E/G ratio of 3.18 and a beta of 0.64. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $56.55. The business has a 50-day moving average of $51.79 and a two-hundred day moving average of $49.56.

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

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.