Traders bought shares of Altria Group Inc (NYSE:MO) on weakness during trading hours on Friday. $60.12 million flowed into the stock on the tick-up and $39.60 million flowed out of the stock on the tick-down, for a money net flow of $20.52 million into the stock. Of all equities tracked, Altria Group had the 26th highest net in-flow for the day. Altria Group traded down ($0.67) for the day and closed at $53.72
A number of equities analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on Altria Group in a report on Tuesday, October 16th. They set a “market perform” rating for the company. Stifel Nicolaus lowered their price target on Altria Group from $78.00 to $65.00 and set a “buy” rating for the company in a report on Friday, July 27th. ValuEngine raised Altria Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th. Wells Fargo & Co restated an “outperform” rating on shares of Altria Group in a research report on Monday, November 12th. Finally, Zacks Investment Research upgraded Altria Group from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Tuesday, September 25th. One research 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.87.
The stock has a market capitalization of $102.20 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.54 and a beta of 0.40. The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 0.77.
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 stock was sold at an average price of $58.44, for a total value of $184,962.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.11% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA bought a new stake in shares of Altria Group in the 3rd quarter valued at about $103,000. IMA Wealth Inc. bought a new stake in shares of Altria Group in the 2nd quarter valued at about $106,000. BDO Wealth Advisors LLC grew its position in shares of Altria Group by 165.5% in the 2nd quarter. BDO Wealth Advisors LLC now owns 2,222 shares of the company’s stock valued at $126,000 after buying an additional 1,385 shares during the last quarter. Landaas & Co. WI ADV bought a new stake in shares of Altria Group in the 2nd quarter valued at about $137,000. Finally, New England Asset Management Inc. bought a new stake in shares of Altria Group in the 2nd quarter valued at about $138,000. Hedge funds and other institutional investors own 63.79% of the company’s stock.
Altria Group Company Profile (NYSE:MO)
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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