CMG Global Holdings LLC Acquires 716 Shares of Altria Group, Inc. (NYSE:MO)

CMG Global Holdings LLC boosted its holdings in Altria Group, Inc. (NYSE:MO) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,147 shares of the company’s stock after purchasing an additional 716 shares during the quarter. Altria Group comprises 1.0% of CMG Global Holdings LLC’s holdings, making the stock its 28th largest holding. CMG Global Holdings LLC’s holdings in Altria Group were worth $1,794,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in shares of Altria Group by 1.0% during 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. Legal & General Group Plc grew its stake in Altria Group by 1.6% in the second quarter. Legal & General Group Plc now owns 12,355,509 shares of the company’s stock valued at $562,793,000 after acquiring an additional 191,236 shares during the period. AQR Capital Management LLC increased its holdings in shares of Altria Group by 25.0% during the second quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock valued at $295,055,000 after acquiring an additional 1,299,703 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Altria Group by 5.0% during the second quarter. Victory Capital Management Inc. now owns 5,060,589 shares of the company’s stock worth $230,510,000 after purchasing an additional 243,201 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of Altria Group by 4.6% in the 2nd quarter. LSV Asset Management now owns 4,888,137 shares of the company’s stock worth $222,655,000 after purchasing an additional 215,594 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Up 1.3 %

Shares of NYSE MO opened at $56.74 on Friday. The company has a market capitalization of $96.16 billion, a PE ratio of 9.58, a PEG ratio of 3.19 and a beta of 0.64. The stock’s 50 day moving average price is $51.87 and its 200-day moving average price is $49.65. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $56.84.

Altria Group (NYSE:MO) last posted its quarterly earnings data 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. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.33 billion. The business’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 earnings per share. As a group, research analysts expect that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MO has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their target price 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. UBS Group lifted their price target on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Bank of America lowered their price objective on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, Barclays lifted their target price on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.