Investmark Advisory Group LLC Has $3.97 Million Stake in Altria Group, Inc. (NYSE:MO)

Investmark Advisory Group LLC grew its stake in Altria Group, Inc. (NYSE:MO) by 28.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 77,705 shares of the company’s stock after buying an additional 17,130 shares during the period. Altria Group makes up 1.9% of Investmark Advisory Group LLC’s investment portfolio, making the stock its 13th biggest position. Investmark Advisory Group LLC’s holdings in Altria Group were worth $3,966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MO. True Wealth Design LLC raised its position in shares of Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after buying an additional 462 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in shares of Altria Group in the second quarter worth $27,000. Hobbs Group Advisors LLC bought a new stake in shares of Altria Group in the 2nd quarter valued at approximately $30,000. Valley Wealth Managers Inc. lifted its holdings in shares of Altria Group by 63.9% in the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after buying an additional 260 shares during the period. Finally, Peterson Financial Group Inc. purchased a new position in shares of Altria Group in the 3rd quarter worth approximately $41,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Trading Down 0.1 %

Shares of NYSE:MO opened at $57.12 on Tuesday. The company has a market capitalization of $96.81 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 3.28 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. The firm’s 50-day moving average is $52.55 and its 200 day moving average is $50.16.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. As a group, equities analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays increased their target price on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. UBS Group upped their price target on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Bank of America reduced their price target on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.33.

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.