Altria Group, Inc. (NYSE:MO) Shares Acquired by Continuum Advisory LLC

Continuum Advisory LLC increased its stake in shares of Altria Group, Inc. (NYSE:MO) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,006 shares of the company’s stock after purchasing an additional 1,671 shares during the period. Continuum Advisory LLC’s holdings in Altria Group were worth $831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its position in shares of Altria Group by 18.9% in the second quarter. Sequoia Financial Advisors LLC now owns 38,231 shares of the company’s stock valued at $1,741,000 after acquiring an additional 6,068 shares in the last quarter. Wedmont Private Capital lifted its holdings in Altria Group by 28.4% in the 2nd quarter. Wedmont Private Capital now owns 10,987 shares of the company’s stock valued at $524,000 after purchasing an additional 2,432 shares in the last quarter. Maia Wealth LLC acquired a new stake in shares of Altria Group during the 2nd quarter worth about $277,000. V Square Quantitative Management LLC grew its holdings in shares of Altria Group by 179.9% during the second quarter. V Square Quantitative Management LLC now owns 12,213 shares of the company’s stock worth $556,000 after buying an additional 7,850 shares in the last quarter. Finally, ORG Partners LLC raised its position in shares of Altria Group by 434.5% in the second quarter. ORG Partners LLC now owns 43,086 shares of the company’s stock valued at $1,984,000 after buying an additional 35,025 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MO. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. 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 raised their price target on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, UBS Group upped their price objective on shares of Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $53.33.

Altria Group Trading Down 2.5 %

MO stock opened at $55.86 on Tuesday. The stock has a 50-day moving average price of $53.23 and a two-hundred day moving average price of $50.61. The company has a market cap of $94.67 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 3.26 and a beta of 0.63. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03.

Altria Group (NYSE:MO) last released 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. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. Equities analysts forecast that Altria Group, Inc. will post 5.12 EPS for the current fiscal year.

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.