Investors Buy Shares of Altria Group (MO) on Weakness

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.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 25th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 48.31% and a net margin of 42.13%. Equities analysts forecast that Altria Group Inc will post 3.99 earnings per share for the current 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 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.

ILLEGAL ACTIVITY WARNING: “Investors Buy Shares of Altria Group (MO) on Weakness” was published by WKRB News and is the property of of WKRB News. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.wkrb13.com/2018/11/24/investors-buy-shares-of-altria-group-mo-on-weakness.html.

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.

Featured Article: Can individual investors take part in an IPO?

Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply