Altria Group, Inc. (NYSE:MO) Stock Holdings Boosted by Northeast Financial Consultants Inc

Northeast Financial Consultants Inc grew its position in shares of Altria Group, Inc. (NYSE:MO) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 36,287 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Northeast Financial Consultants Inc’s holdings in Altria Group were worth $1,852,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of MO. CWM LLC grew its holdings in Altria Group by 15.3% during the third quarter. CWM LLC now owns 305,704 shares of the company’s stock worth $15,603,000 after acquiring an additional 40,574 shares during the period. Regal Investment Advisors LLC boosted its position in shares of Altria Group by 4.2% during 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 in the last quarter. Commonwealth Equity Services LLC grew its stake 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 worth $74,330,000 after purchasing an additional 32,318 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Altria Group by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after purchasing an additional 589,832 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings 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 worth $100,511,000 after purchasing an additional 1,731,932 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Up 0.7 %

Shares of NYSE:MO opened at $57.32 on Friday. The company’s fifty day moving average is $53.14 and its two-hundred day moving average is $50.51. The company has a market cap of $97.15 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.03. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. Altria Group’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. Equities research analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.00 to $65.00 in a report on Friday. Stifel Nicolaus raised their price objective on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays upped their target price on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $53.33.

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.