Cypress Capital Group Purchases 337 Shares of Altria Group, Inc. (NYSE:MO)

Cypress Capital Group lifted its position in shares of Altria Group, Inc. (NYSE:MO) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,838 shares of the company’s stock after purchasing an additional 337 shares during the quarter. Cypress Capital Group’s holdings in Altria Group were worth $3,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC boosted its position in Altria Group by 729.8% in the third 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 during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Altria Group by 3,786.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,743,443 shares of the company’s stock worth $88,985,000 after purchasing an additional 1,698,585 shares during the period. AQR Capital Management LLC boosted its holdings in shares of 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 buying an additional 1,299,703 shares during the last quarter. Cetera Investment Advisers grew its position in Altria Group by 415.4% during the first quarter. Cetera Investment Advisers now owns 984,285 shares of the company’s stock valued at $42,935,000 after buying an additional 793,327 shares during the period. Finally, National Pension Service increased its holdings in Altria Group by 19.9% during the third quarter. National Pension Service now owns 4,034,414 shares of the company’s stock valued at $205,916,000 after buying an additional 670,858 shares during the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Up 0.2 %

Altria Group stock opened at $55.98 on Thursday. Altria Group, Inc. has a twelve month low of $39.25 and a twelve month high of $56.55. The business has a fifty day moving average of $51.72 and a two-hundred day moving average of $49.51. The firm has a market cap of $94.87 billion, a P/E ratio of 9.46, a P/E/G ratio of 3.18 and a beta of 0.64.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 42.82% and a negative return on equity of 233.80%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. Equities analysts expect that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of recent research reports. Stifel Nicolaus raised their target price on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays lifted their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. UBS Group increased their target price 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. 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 report on Friday, November 1st. Finally, Citigroup increased their price objective on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Two equities 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 stock. Based on data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and an average target price 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.