Leelyn Smith LLC Has $2.66 Million Stake in Altria Group, Inc. (NYSE:MO)

Leelyn Smith LLC lifted its stake in shares of Altria Group, Inc. (NYSE:MO) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,111 shares of the company’s stock after buying an additional 972 shares during the quarter. Leelyn Smith LLC’s holdings in Altria Group were worth $2,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of MO. MFA Wealth Advisors LLC acquired a new stake in Altria Group in the 2nd quarter valued at $27,000. Hobbs Group Advisors LLC acquired a new stake in Altria Group in the 2nd quarter valued at $30,000. Valley Wealth Managers Inc. grew its position in Altria Group by 63.9% in the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after purchasing an additional 260 shares during the period. Peterson Financial Group Inc. acquired a new stake in Altria Group in the 3rd quarter valued at $41,000. Finally, Lynx Investment Advisory acquired a new stake in Altria Group in the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

NYSE MO opened at $56.74 on Friday. The stock has a market capitalization of $96.16 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 3.19 and a beta of 0.64. Altria Group, Inc. has a one year low of $39.25 and a one year high of $56.84. The business’s fifty day moving average is $51.87 and its 200-day moving average is $49.65.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same period in the previous year, the business posted $1.28 EPS. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. Research analysts expect that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. UBS Group lifted 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 lifted 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. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Altria Group presently has an average rating of “Hold” and a consensus price target 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.