Toronto Dominion Bank Purchases 216,863 Shares of Altria Group, Inc. (NYSE:MO)

Toronto Dominion Bank grew its stake in shares of Altria Group, Inc. (NYSE:MO) by 30.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 927,433 shares of the company’s stock after buying an additional 216,863 shares during the quarter. Toronto Dominion Bank owned 0.05% of Altria Group worth $47,336,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. MFA Wealth Advisors LLC bought a new stake in shares of Altria Group during the second quarter valued at approximately $27,000. True Wealth Design LLC lifted its stake in Altria Group by 420.0% in the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 462 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in Altria Group in the 2nd quarter worth $30,000. Valley Wealth Managers Inc. increased its holdings in shares of Altria Group by 63.9% in the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after buying an additional 260 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Altria Group in the 3rd quarter worth about $34,000. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Price Performance

NYSE:MO opened at $54.71 on Thursday. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03. The company’s 50-day moving average is $53.32 and its two-hundred day moving average is $50.69. The firm has a market capitalization of $92.72 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 3.26 and a beta of 0.63.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the prior year, the firm earned $1.28 EPS. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, equities analysts anticipate that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on MO. Deutsche Bank Aktiengesellschaft upped their target price on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $55.00 to $65.00 in a research report on Friday, December 6th. UBS Group raised their price target 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. Barclays increased their price objective on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Citigroup raised 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.33.

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.