Altria Group, Inc. (NYSE:MO) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC grew its position in shares of Altria Group, Inc. (NYSE:MO) by 115.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,645 shares of the company’s stock after purchasing an additional 10,509 shares during the quarter. Larson Financial Group LLC’s holdings in Altria Group were worth $1,003,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. StoneX Group Inc. boosted its stake in Altria Group by 4.1% during the 3rd quarter. StoneX Group Inc. now owns 15,879 shares of the company’s stock valued at $827,000 after purchasing an additional 631 shares during the period. CMG Global Holdings LLC boosted its position in shares of Altria Group by 2.1% during the third quarter. CMG Global Holdings LLC now owns 35,147 shares of the company’s stock worth $1,794,000 after buying an additional 716 shares during the period. Cerity Partners LLC grew its holdings in Altria Group by 14.6% in the 3rd quarter. Cerity Partners LLC now owns 422,112 shares of the company’s stock worth $21,553,000 after buying an additional 53,832 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in Altria Group by 2.8% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 151,772 shares of the company’s stock valued at $7,747,000 after acquiring an additional 4,179 shares during the period. Finally, Certified Advisory Corp increased its position in Altria Group by 2.8% in the 3rd quarter. Certified Advisory Corp now owns 24,645 shares of the company’s stock valued at $1,258,000 after acquiring an additional 666 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Up 1.2 %

Shares of MO opened at $56.73 on Monday. The firm has a market capitalization of $96.15 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 3.23 and a beta of 0.64. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $56.84. The stock’s fifty day simple moving average is $51.87 and its 200-day simple moving average is $49.73.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on MO shares. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Bank of America cut their target price on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. UBS Group raised their price target on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. Stifel Nicolaus boosted their target price on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Barclays increased their price target on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. 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 company has a consensus rating of “Hold” and a consensus target price 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.