Boston Family Office LLC Has $682,000 Stock Position in Altria Group, Inc. (NYSE:MO)

Boston Family Office LLC lowered its stake in Altria Group, Inc. (NYSE:MO) by 3.3% during the third quarter, Holdings Channel reports. The firm owned 13,366 shares of the company’s stock after selling 450 shares during the period. Boston Family Office LLC’s holdings in Altria Group were worth $682,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MFA Wealth Advisors LLC bought a new position in shares of Altria Group in the second quarter worth $27,000. Hobbs Group Advisors LLC bought a new position in shares of Altria Group in the second quarter worth $30,000. Valley Wealth Managers Inc. increased its position in shares of Altria Group by 63.9% in the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after purchasing an additional 260 shares during the period. Peterson Financial Group Inc. bought a new position in Altria Group in the third quarter valued at about $41,000. Finally, Lynx Investment Advisory bought a new position in Altria Group in the second quarter valued at about $44,000. Institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MO. Stifel Nicolaus lifted their target price on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Citigroup lifted their target price on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Barclays lifted their target price on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Bank of America decreased their target price on Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Two 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. Based on data from MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average price target of $51.33.

Altria Group Price Performance

Altria Group stock opened at $56.75 on Tuesday. The business has a 50 day moving average of $51.97 and a 200-day moving average of $49.81. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $57.20. The company has a market capitalization of $96.17 billion, a P/E ratio of 9.59, a P/E/G ratio of 3.23 and a beta of 0.64.

Altria Group (NYSE:MO) last released its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The firm’s revenue was up 18.6% compared to the same quarter last year. Equities analysts anticipate that Altria Group, Inc. will post 5.11 EPS for the current year.

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.