Traders Buy Shares of Altria Group (MO) on Weakness

Investors bought shares of Altria Group Inc (NYSE:MO) on weakness during trading on Wednesday. $139.57 million flowed into the stock on the tick-up and $73.52 million flowed out of the stock on the tick-down, for a money net flow of $66.05 million into the stock. Of all equities tracked, Altria Group had the 10th highest net in-flow for the day. Altria Group traded down ($0.66) for the day and closed at $49.00

A number of equities research analysts have commented on MO shares. Zacks Investment Research cut shares of Altria Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. ValuEngine upgraded shares of Altria Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 31st. Piper Jaffray Companies set a $75.00 target price on shares of Altria Group and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Barclays started coverage on shares of Altria Group in a research note on Friday, December 7th. They set an “overweight” rating and a $64.00 target price on the stock. Finally, Jefferies Financial Group set a $56.00 target price on shares of Altria Group and gave the stock a “hold” rating in a research note on Thursday, November 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Altria Group presently has an average rating of “Hold” and an average price target of $65.86.

The company has a market capitalization of $92.34 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.46 and a beta of 0.36. The company has a current ratio of 0.20, a quick ratio of 0.09 and a debt-to-equity ratio of 0.80.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, January 31st. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Altria Group had a net margin of 27.45% and a return on equity of 49.05%. During the same quarter last year, the business posted $0.91 earnings per share. On average, equities analysts forecast that Altria Group Inc will post 4.2 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Altria Group by 14.1% in the second quarter. FMR LLC now owns 37,263,858 shares of the company’s stock valued at $2,116,214,000 after purchasing an additional 4,613,088 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in shares of Altria Group by 174.7% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 56,536 shares of the company’s stock valued at $3,409,000 after purchasing an additional 35,956 shares in the last quarter. Valicenti Advisory Services Inc. grew its holdings in shares of Altria Group by 3.0% in the third quarter. Valicenti Advisory Services Inc. now owns 71,846 shares of the company’s stock valued at $4,333,000 after purchasing an additional 2,065 shares in the last quarter. Osborn Williams & Donohoe LLC grew its holdings in shares of Altria Group by 5.9% in the third quarter. Osborn Williams & Donohoe LLC now owns 16,160 shares of the company’s stock valued at $975,000 after purchasing an additional 903 shares in the last quarter. Finally, Davis R M Inc. grew its holdings in shares of Altria Group by 19.1% in the third quarter. Davis R M Inc. now owns 13,246 shares of the company’s stock valued at $799,000 after purchasing an additional 2,126 shares in the last quarter. Hedge funds and other institutional investors own 65.70% of the company’s stock.

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About Altria Group (NYSE:MO)

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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