Marco Investment Management LLC Purchases 3,025 Shares of Altria Group, Inc. (NYSE:MO)

Marco Investment Management LLC boosted its position in shares of Altria Group, Inc. (NYSE:MO) by 23.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,118 shares of the company’s stock after purchasing an additional 3,025 shares during the quarter. Marco Investment Management LLC’s holdings in Altria Group were worth $823,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its position in shares of Altria Group by 15.3% during the third quarter. CWM LLC now owns 305,704 shares of the company’s stock valued at $15,603,000 after acquiring an additional 40,574 shares in the last quarter. Regal Investment Advisors LLC boosted its stake in Altria Group by 4.2% during the 2nd quarter. Regal Investment Advisors LLC now owns 251,933 shares of the company’s stock valued at $11,476,000 after purchasing an additional 10,079 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Altria Group by 2.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,456,308 shares of the company’s stock valued at $74,330,000 after purchasing an additional 32,318 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Altria Group by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after purchasing an additional 589,832 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Altria Group by 729.8% in the third quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock worth $100,511,000 after purchasing an additional 1,731,932 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Altria Group Trading Up 1.2 %

MO opened at $56.73 on Friday. The company’s 50 day moving average is $51.87 and its 200 day moving average is $49.69. The company has a market cap of $96.15 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 3.19 and a beta of 0.64. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $56.84.

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

Analyst Ratings Changes

MO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America dropped their price target on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. UBS Group boosted their price objective on shares of Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a report on Monday, September 9th. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Citigroup lifted their target price on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.