Holistic Financial Partners Buys Shares of 3,708 Altria Group Inc (MO)

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.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 25th. The company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. The firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.22 billion. On average, sell-side analysts forecast that Altria Group Inc will post 3.99 earnings per share for the current year.

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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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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