D.A. Davidson & CO. Sells 23,476 Shares of Altria Group, Inc. (NYSE:MO)

D.A. Davidson & CO. decreased its holdings in Altria Group, Inc. (NYSE:MO) by 7.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 312,949 shares of the company’s stock after selling 23,476 shares during the period. D.A. Davidson & CO.’s holdings in Altria Group were worth $15,973,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CWM LLC grew its stake in Altria Group by 15.3% in the 3rd quarter. CWM LLC now owns 305,704 shares of the company’s stock valued at $15,603,000 after buying an additional 40,574 shares during the last quarter. Regal Investment Advisors LLC boosted its holdings in shares of Altria Group by 4.2% during the second quarter. Regal Investment Advisors LLC now owns 251,933 shares of the company’s stock worth $11,476,000 after acquiring an additional 10,079 shares during the period. Commonwealth Equity Services LLC boosted 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 worth $74,330,000 after acquiring an additional 32,318 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Altria Group by 1.0% in 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 purchasing an additional 589,832 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake 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 worth $100,511,000 after purchasing an additional 1,731,932 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Bank of America reduced their price target 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. UBS Group upped their price target 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. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Stifel Nicolaus increased their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup lifted their price target 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and an average price target of $51.33.

Altria Group Stock Up 1.5 %

MO stock opened at $57.58 on Wednesday. The company has a market cap of $97.59 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 3.23 and a beta of 0.64. The business has a 50-day simple moving average of $52.11 and a 200 day simple moving average of $49.90. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $57.60.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 earnings per share. On average, analysts anticipate that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

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.