Fifth Third Wealth Advisors LLC Has $715,000 Stock Position in Altria Group, Inc. (NYSE:MO)

Fifth Third Wealth Advisors LLC increased its stake in shares of Altria Group, Inc. (NYSE:MO) by 79.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,004 shares of the company’s stock after acquiring an additional 6,219 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Altria Group were worth $715,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MO. Legal & General Group Plc raised its stake in shares of Altria Group by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 12,355,509 shares of the company’s stock worth $562,793,000 after purchasing an additional 191,236 shares in the last quarter. AQR Capital Management LLC raised its position in Altria Group by 25.0% during the second quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock worth $295,055,000 after acquiring an additional 1,299,703 shares in the last quarter. Victory Capital Management Inc. raised its position in Altria Group by 5.0% during the second quarter. Victory Capital Management Inc. now owns 5,060,589 shares of the company’s stock worth $230,510,000 after acquiring an additional 243,201 shares in the last quarter. LSV Asset Management lifted its stake in Altria Group by 4.6% in the second quarter. LSV Asset Management now owns 4,888,137 shares of the company’s stock valued at $222,655,000 after acquiring an additional 215,594 shares during the last quarter. Finally, National Pension Service increased its stake in shares of Altria Group by 19.9% during the 3rd quarter. National Pension Service now owns 4,034,414 shares of the company’s stock worth $205,916,000 after purchasing an additional 670,858 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MO shares. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus upped their price objective on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays increased their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, UBS Group lifted their price objective on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $51.33.

Altria Group Price Performance

Shares of NYSE MO opened at $55.98 on Thursday. The firm has a market cap of $94.87 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 3.18 and a beta of 0.64. The stock’s fifty day moving average price is $51.72 and its two-hundred day moving average price is $49.51. Altria Group, Inc. has a one year low of $39.25 and a one year high of $56.55.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the prior year, the company posted $1.28 earnings per share. Altria Group’s revenue was up 18.6% compared to the same quarter last year. On average, equities analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.