Holistic Financial Partners bought 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 institutional investor bought 3,708 shares of the company’s stock, valued at approximately $224,000.
A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Altria Group by 3.4% in the 2nd quarter. BlackRock Inc. now owns 138,589,215 shares of the company’s stock worth $7,870,481,000 after buying an additional 4,581,335 shares during the period. FMR LLC boosted its holdings in Altria Group by 14.1% in the 2nd quarter. FMR LLC now owns 37,263,858 shares of the company’s stock worth $2,116,214,000 after buying an additional 4,613,088 shares during the period. Bank of New York Mellon Corp boosted its holdings in Altria Group by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 21,786,839 shares of the company’s stock worth $1,237,273,000 after buying an additional 855,416 shares during the period. Janus Henderson Group PLC boosted its holdings in Altria Group by 2.6% in the 2nd quarter. Janus Henderson Group PLC now owns 18,492,919 shares of the company’s stock worth $1,050,215,000 after buying an additional 460,964 shares during the period. Finally, Morgan Stanley boosted its holdings in Altria Group by 49.6% in the 2nd quarter. Morgan Stanley now owns 16,461,864 shares of the company’s stock worth $934,869,000 after buying an additional 5,454,989 shares during the period. 63.33% of the stock is owned by institutional investors.
Shares of NYSE:MO opened at $63.42 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 0.77. Altria Group Inc has a 12 month low of $53.91 and a 12 month high of $74.38. The stock has a market capitalization of $122.83 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.86 and a beta of 0.40.
In related news, Director Dinyar S. Devitre sold 3,165 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total value of $184,962.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by company insiders.
Several research analysts have commented on MO shares. Zacks Investment Research downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Piper Jaffray Companies set a $75.00 price objective on shares of Altria Group and gave the company a “buy” rating in a report on Monday, July 23rd. Jefferies Financial Group downgraded shares of Altria Group from a “buy” rating to a “hold” rating and set a $61.00 price objective for the company. in a report on Friday, August 24th. Argus increased their price objective on shares of Altria Group from $70.00 to $71.00 and gave the company a “buy” rating in a report on Monday, October 29th. Finally, Citigroup increased their price objective on shares of Altria Group from $59.00 to $67.00 and gave the company a “hold” rating in a report on Friday, September 21st. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $69.87.
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Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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