Citizens Financial Group Inc. RI Trims Stock Position in Altria Group, Inc. (NYSE:MO)

Citizens Financial Group Inc. RI cut its position in Altria Group, Inc. (NYSE:MO) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,397 shares of the company’s stock after selling 1,468 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Altria Group were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. MFA Wealth Advisors LLC bought a new stake in Altria Group during the second quarter valued at $27,000. Hobbs Group Advisors LLC purchased a new stake in shares of Altria Group in the 2nd quarter valued at about $30,000. Valley Wealth Managers Inc. boosted its position in shares of Altria Group by 63.9% during the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after acquiring an additional 260 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in shares of Altria Group during the third quarter worth about $41,000. Finally, Fairman Group LLC increased its position 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 during the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Up 1.3 %

NYSE MO opened at $56.74 on Friday. The company has a 50-day simple moving average of $51.87 and a two-hundred day simple moving average of $49.65. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $56.84. The firm has a market cap of $96.16 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 3.18 and a beta of 0.64.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Bank of America dropped their price objective on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. UBS Group lifted their price target on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. Finally, Stifel Nicolaus increased their price objective on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.