Altria Group, Inc. (NYSE:MO) Stake Lessened by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC lessened its stake in Altria Group, Inc. (NYSE:MO) by 56.3% in the third quarter, Holdings Channel reports. The institutional investor owned 11,680 shares of the company’s stock after selling 15,022 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Altria Group were worth $596,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its position in shares of Altria Group by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after acquiring an additional 589,832 shares during the last quarter. Legal & General Group Plc lifted its holdings in Altria Group by 1.6% in the second quarter. Legal & General Group Plc now owns 12,355,509 shares of the company’s stock worth $562,793,000 after purchasing an additional 191,236 shares during the period. AQR Capital Management LLC lifted its holdings in Altria Group by 25.0% in the second quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock worth $295,055,000 after purchasing an additional 1,299,703 shares during the period. Victory Capital Management Inc. lifted its holdings in Altria Group by 5.0% in the second quarter. Victory Capital Management Inc. now owns 5,060,589 shares of the company’s stock worth $230,510,000 after purchasing an additional 243,201 shares during the period. Finally, LSV Asset Management lifted its holdings in Altria Group by 4.6% in the second quarter. LSV Asset Management now owns 4,888,137 shares of the company’s stock worth $222,655,000 after purchasing an additional 215,594 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 0.1 %

NYSE MO opened at $57.65 on Friday. The stock’s 50-day moving average price is $52.40 and its two-hundred day moving average price is $50.01. The company has a market cap of $97.71 billion, a PE ratio of 9.74, a PEG ratio of 3.28 and a beta of 0.64. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $58.03.

Altria Group (NYSE:MO) last posted 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 firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.28 EPS. Research analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. Stifel Nicolaus upped their price objective on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. 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 report on Tuesday, October 15th. Barclays upped their price target on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.33.

Altria Group 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.