Altria Group, Inc. (NYSE:MO) Stock Holdings Reduced by Clark Estates Inc. NY

Clark Estates Inc. NY cut its position in shares of Altria Group, Inc. (NYSE:MO) by 7.4% in the third quarter, Holdings Channel reports. The firm owned 75,150 shares of the company’s stock after selling 6,000 shares during the period. Altria Group accounts for 0.7% of Clark Estates Inc. NY’s investment portfolio, making the stock its 28th largest holding. Clark Estates Inc. NY’s holdings in Altria Group were worth $3,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. MFA Wealth Advisors LLC bought a new position in Altria Group during the second quarter valued at approximately $27,000. Hobbs Group Advisors LLC acquired a new position in shares of Altria Group during the 2nd quarter worth $30,000. Valley Wealth Managers Inc. raised its holdings in shares of Altria Group by 63.9% during the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after purchasing an additional 260 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of Altria Group in the 3rd quarter valued at $41,000. Finally, Lynx Investment Advisory bought a new stake in Altria Group in the second quarter worth $44,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Stock Up 1.5 %

MO opened at $57.58 on Wednesday. The stock’s 50 day moving average price is $52.11 and its two-hundred day moving average price is $49.90. The firm has a market capitalization of $97.59 billion, a P/E ratio of 9.73, 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 $57.60.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) 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 the consensus estimate of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. Altria Group’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the company posted $1.28 earnings per share. As a group, analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays raised their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their target price on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. 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. Finally, Bank of America reduced their price objective on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Altria Group has a consensus rating of “Hold” and an average price target 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.