Darwin Wealth Management LLC Invests $116,000 in Altria Group, Inc. (NYSE:MO)

Darwin Wealth Management LLC acquired a new position in Altria Group, Inc. (NYSE:MO) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,281 shares of the company’s stock, valued at approximately $116,000.

A number of other hedge funds have also recently made changes to their positions in MO. Strategy Asset Managers LLC purchased a new stake in shares of Altria Group in the third quarter worth about $2,802,000. Segall Bryant & Hamill LLC purchased a new stake in Altria Group during the third quarter valued at approximately $2,183,000. Prospera Private Wealth LLC purchased a new stake in Altria Group during the third quarter valued at approximately $81,000. Avior Wealth Management LLC raised its position in Altria Group by 34.9% during the third quarter. Avior Wealth Management LLC now owns 14,506 shares of the company’s stock valued at $740,000 after purchasing an additional 3,754 shares during the period. Finally, West Family Investments Inc. raised its position in Altria Group by 13.3% during the third quarter. West Family Investments Inc. now owns 6,103 shares of the company’s stock valued at $311,000 after purchasing an additional 715 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Up 0.2 %

Shares of NYSE:MO opened at $55.98 on Thursday. Altria Group, Inc. has a 52-week low of $39.25 and a 52-week high of $56.55. The stock has a market cap of $94.87 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 3.18 and a beta of 0.64. The business’s 50 day moving average is $51.72 and its 200 day moving average is $49.51.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. On average, sell-side analysts anticipate that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MO. UBS Group upped their price objective on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research report on Monday, September 9th. Citigroup increased their price target on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Bank of America reduced their price target on Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Stifel Nicolaus increased their price target on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.33.

About Altria Group

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.