Investmark Advisory Group LLC Purchases 17,130 Shares of Altria Group, Inc. (NYSE:MO)

Investmark Advisory Group LLC increased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 28.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,705 shares of the company’s stock after purchasing an additional 17,130 shares during the period. Altria Group makes up 1.9% of Investmark Advisory Group LLC’s portfolio, making the stock its 13th biggest position. Investmark Advisory Group LLC’s holdings in Altria Group were worth $3,966,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Altria Group by 15.3% in the third quarter. CWM LLC now owns 305,704 shares of the company’s stock worth $15,603,000 after purchasing an additional 40,574 shares during the last quarter. Regal Investment Advisors LLC grew its holdings in shares of Altria Group by 4.2% in the second quarter. Regal Investment Advisors LLC now owns 251,933 shares of the company’s stock worth $11,476,000 after purchasing an additional 10,079 shares during the last quarter. Commonwealth Equity Services LLC lifted 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 valued at $74,330,000 after purchasing an additional 32,318 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Altria Group by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after buying an additional 589,832 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of Altria Group by 729.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock valued at $100,511,000 after purchasing an additional 1,731,932 shares during the period. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Performance

Shares of MO stock opened at $57.12 on Tuesday. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The stock has a market capitalization of $96.81 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 3.28 and a beta of 0.63. The company has a 50 day moving average price of $52.55 and a 200 day moving average price of $50.16.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.38 EPS 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 net margin of 42.82% and a negative return on equity of 233.80%. Altria Group’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. On average, research analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MO has been the subject of a number of research analyst reports. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. UBS Group boosted their price objective on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research report on Monday, September 9th. Barclays boosted their price objective on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price target on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus boosted their price objective on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. 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 company’s stock. According to MarketBeat, Altria Group has an average rating of “Hold” and an average price target of $51.33.

Altria Group Company 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.