Altria Group, Inc. (NYSE:MO) Shares Acquired by Certified Advisory Corp

Certified Advisory Corp boosted its stake in shares of Altria Group, Inc. (NYSE:MO) by 2.8% in the third quarter, HoldingsChannel reports. The firm owned 24,645 shares of the company’s stock after purchasing an additional 666 shares during the quarter. Certified Advisory Corp’s holdings in Altria Group were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MFA Wealth Advisors LLC bought a new position in shares of Altria Group in the second quarter worth $27,000. Hobbs Group Advisors LLC bought a new position in shares of Altria Group in the second quarter worth $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 worth $30,000 after purchasing an additional 260 shares in the last quarter. Peterson Financial Group Inc. bought a new position in shares of Altria Group in the third quarter worth $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 worth $46,000 after purchasing an additional 410 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 1.3 %

Shares of Altria Group stock opened at $56.74 on Friday. The stock has a 50-day moving average price of $51.87 and a 200 day moving average price of $49.65. The company has a market cap of $96.16 billion, a P/E ratio of 9.58, a P/E/G ratio of 3.19 and a beta of 0.64. 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 data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.03. The firm 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%. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 EPS. On average, equities analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on MO shares. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus raised their target price on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America reduced their target price on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Finally, Barclays upped their target price on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. 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, Altria Group has a consensus 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.