Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Altria Group Inc (NYSE:MO) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 490,542 shares of the company’s stock after buying an additional 6,244 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Altria Group were worth $29,585,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MO. Bank of New York Mellon Corp boosted its position in Altria Group by 82,381.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 22,356,466 shares of the company’s stock worth $1,348,318,000 after buying an additional 22,329,361 shares during the period. Morgan Stanley boosted its position in Altria Group by 49.6% during the 2nd quarter. Morgan Stanley now owns 16,461,864 shares of the company’s stock worth $934,869,000 after buying an additional 5,454,989 shares during the period. FMR LLC boosted its position in Altria Group by 14.1% during the 2nd quarter. FMR LLC now owns 37,263,858 shares of the company’s stock worth $2,116,214,000 after buying an additional 4,613,088 shares during the period. BlackRock Inc. boosted its position in Altria Group by 3.4% during the 2nd quarter. BlackRock Inc. now owns 138,589,215 shares of the company’s stock worth $7,870,481,000 after buying an additional 4,581,335 shares during the period. Finally, Charles Schwab Investment Advisory Inc. acquired a new stake in Altria Group during the 2nd quarter worth approximately $178,215,000. Institutional investors and hedge funds own 63.79% of the company’s stock.
MO has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Tuesday, September 25th. Jefferies Financial Group lowered shares of Altria Group from a “buy” rating to a “hold” rating and set a $61.00 price target for the company. in a report on Friday, August 24th. Sanford C. Bernstein began coverage on shares of Altria Group in a report on Tuesday, October 16th. They set a “market perform” rating for the company. ValuEngine upgraded shares of Altria Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Finally, Bank of America set a $70.00 price target on shares of Altria Group and gave the stock a “buy” rating in a report on Thursday, September 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Altria Group presently has an average rating of “Buy” and a consensus price target of $69.87.
Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 25th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. Altria Group had a net margin of 42.13% and a return on equity of 48.31%. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.22 billion. Analysts forecast that Altria Group Inc will post 3.99 earnings per share for the current year.
In other news, Director Dinyar S. Devitre sold 3,165 shares of Altria Group stock in a transaction on Wednesday, August 29th. The shares were 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 Securities & Exchange Commission, which is available at this link. Insiders own 0.11% of the company’s stock.
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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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