AlphaCore Capital LLC Invests $283,000 in Altria Group, Inc. (NYSE:MO)

AlphaCore Capital LLC purchased a new position in Altria Group, Inc. (NYSE:MO) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,437 shares of the company’s stock, valued at approximately $283,000.

Other hedge funds also recently bought and sold shares of the company. MFA Wealth Advisors LLC purchased a new position in Altria Group in the second quarter worth about $27,000. Hobbs Group Advisors LLC purchased a new stake in shares of Altria Group during the second quarter valued at approximately $30,000. Valley Wealth Managers Inc. increased its position in shares of Altria Group by 63.9% during the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after acquiring an additional 260 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in Altria Group in the 3rd quarter worth approximately $41,000. Finally, Lynx Investment Advisory bought a new position in Altria Group in the 2nd quarter valued at approximately $44,000. Institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Stifel Nicolaus lifted their price objective on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group upped their target price 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. Barclays raised their price target on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Bank of America decreased 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. Two equities 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 stock. Based on data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and a consensus price target of $51.33.

Altria Group Trading Up 0.1 %

MO opened at $56.06 on Friday. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $56.55. The company has a market cap of $95.00 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 3.18 and a beta of 0.64. The company’s 50 day moving average is $51.79 and its 200 day moving average is $49.56.

Altria Group (NYSE:MO) last issued its quarterly earnings results 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. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. As a group, analysts predict that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

About Altria Group

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.