Icon Wealth Advisors LLC Purchases 209 Shares of Altria Group, Inc. (NYSE:MO)

Icon Wealth Advisors LLC increased its position in shares of Altria Group, Inc. (NYSE:MO) by 0.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,596 shares of the company’s stock after buying an additional 209 shares during the period. Icon Wealth Advisors LLC’s holdings in Altria Group were worth $1,766,000 at the end of the most recent reporting period.

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

Altria Group Stock Performance

Shares of MO stock opened at $57.65 on Friday. The firm has a market cap of $97.71 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 3.28 and a beta of 0.64. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03. The firm’s 50-day simple moving average is $52.40 and its two-hundred day simple moving average is $50.01.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS 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 analyst estimates 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 for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 earnings per share. Analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. UBS Group lifted 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. Citigroup boosted their price target on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted 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. Finally, Stifel Nicolaus boosted their price target on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $51.33.

Altria Group Company 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.