Crawford Investment Counsel Inc. cut its holdings in Altria Group Inc (NYSE:MO) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 276,990 shares of the company’s stock after selling 6,598 shares during the period. Crawford Investment Counsel Inc.’s holdings in Altria Group were worth $16,705,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Altria Group by 1.8% during the third quarter. BlackRock Inc. now owns 141,022,748 shares of the company’s stock valued at $8,505,083,000 after acquiring an additional 2,433,533 shares during the last quarter. FMR LLC increased its position in shares of Altria Group by 10.3% during the third quarter. FMR LLC now owns 41,106,747 shares of the company’s stock valued at $2,479,149,000 after buying an additional 3,842,889 shares during the period. Bank of New York Mellon Corp increased its position in shares of Altria Group by 82,381.0% during the third quarter. Bank of New York Mellon Corp now owns 22,356,466 shares of the company’s stock valued at $1,348,318,000 after buying an additional 22,329,361 shares during the period. Janus Henderson Group PLC increased its position in shares of Altria Group by 2.6% during the second quarter. Janus Henderson Group PLC now owns 18,492,919 shares of the company’s stock valued at $1,050,215,000 after buying an additional 460,964 shares during the period. Finally, Morgan Stanley increased its position in shares of Altria Group by 49.6% during the second quarter. Morgan Stanley now owns 16,461,864 shares of the company’s stock valued at $934,869,000 after buying an additional 5,454,989 shares during the period. 63.79% of the stock is owned by institutional investors and hedge funds.
MO has been the topic of several research analyst reports. ValuEngine cut shares of Altria Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Zacks Investment Research cut shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Jefferies Financial Group cut shares of Altria Group from a “buy” rating to a “hold” rating and set a $61.00 price target on the stock. in a research report on Friday, August 24th. Argus boosted their price target on shares of Altria Group from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Monday, October 29th. Finally, Citigroup boosted their price target on shares of Altria Group from $59.00 to $67.00 and gave the company a “hold” rating in a research report on Friday, September 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Altria Group presently has an average rating of “Buy” and a consensus target price of $69.87.
Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, October 25th. The company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. As a group, equities analysts predict that Altria Group Inc will post 3.99 EPS for the current fiscal year.
In other Altria Group news, Director Dinyar S. Devitre sold 3,165 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total value of $184,962.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.
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Altria Group Company Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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