Trustmark National Bank Trust Department Grows Stock Holdings in Altria Group, Inc. (NYSE:MO)

Trustmark National Bank Trust Department raised its position in shares of Altria Group, Inc. (NYSE:MO) by 14.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,631 shares of the company’s stock after buying an additional 816 shares during the period. Trustmark National Bank Trust Department’s holdings in Altria Group were worth $338,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CWM LLC lifted its position in shares of Altria Group by 15.3% during the third 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 raised its position in shares of Altria Group by 4.2% in the 2nd quarter. Regal Investment Advisors LLC now owns 251,933 shares of the company’s stock valued at $11,476,000 after purchasing an additional 10,079 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Altria Group by 2.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,456,308 shares of the company’s stock valued at $74,330,000 after purchasing an additional 32,318 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Altria Group by 729.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock valued at $100,511,000 after purchasing an additional 1,731,932 shares during the last quarter. Finally, White Lighthouse Investment Management Inc. purchased a new position in shares of Altria Group in the 3rd quarter valued at approximately $483,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on MO shares. UBS Group increased their price objective on shares of Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research report on Monday, September 9th. Citigroup increased their price objective 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. 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 research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report 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 report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.33.

Altria Group Trading Up 0.1 %

Shares of NYSE:MO opened at $56.06 on Friday. The company has a market cap of $95.00 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 3.18 and a beta of 0.64. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $56.55. 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 data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the company earned $1.28 EPS. Equities research analysts predict that Altria Group, Inc. will post 5.11 earnings per share 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.