Altria Group (MO) PT Raised to $85.00

Altria Group (NYSE:MO) had its target price raised by research analysts at Wells Fargo & Co from $80.00 to $85.00 in a report issued on Thursday. The brokerage currently has an “outperform” rating on the stock. Wells Fargo & Co’s target price would indicate a potential upside of 20.74% from the stock’s current price.

MO has been the topic of several other research reports. Berenberg Bank reissued a “hold” rating on shares of Altria Group in a research note on Tuesday, October 31st. Vetr raised Altria Group from a “sell” rating to a “hold” rating and set a $69.29 target price on the stock in a research note on Thursday, December 28th. UBS Group cut their target price on Altria Group from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Cowen reissued a “hold” rating on shares of Altria Group in a research note on Sunday, September 10th. Finally, Citigroup cut their target price on Altria Group from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $72.87.

Altria Group (MO) opened at $70.40 on Thursday. The stock has a market capitalization of $134,340.00, a PE ratio of 8.80, a P/E/G ratio of 2.65 and a beta of 0.62. Altria Group has a 1-year low of $60.01 and a 1-year high of $77.79. The company has a quick ratio of 0.48, a current ratio of 0.77 and a debt-to-equity ratio of 1.14.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. equities analysts forecast that Altria Group will post 3.28 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stillwater Investment Management LLC raised its position in Altria Group by 1,303.0% in the 4th quarter. Stillwater Investment Management LLC now owns 54,717 shares of the company’s stock valued at $2,764,000 after buying an additional 50,817 shares during the last quarter. Atlantic Trust Group LLC raised its position in Altria Group by 36.9% in the 3rd quarter. Atlantic Trust Group LLC now owns 208,401 shares of the company’s stock valued at $13,217,000 after buying an additional 56,136 shares during the last quarter. AustralianSuper Pty Ltd raised its position in Altria Group by 14.1% in the 3rd quarter. AustralianSuper Pty Ltd now owns 381,300 shares of the company’s stock valued at $24,182,000 after buying an additional 47,000 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Altria Group by 0.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 4,245,743 shares of the company’s stock valued at $269,265,000 after buying an additional 16,747 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in Altria Group by 90.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,193 shares of the company’s stock valued at $329,000 after buying an additional 2,468 shares during the last quarter. 62.64% of the stock is currently owned by institutional investors.

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Altria Group Company Profile

Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.

Analyst Recommendations for Altria Group (NYSE:MO)

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