Fmr LLC Has $271.38 Million Stake in Altria Group, Inc. (NYSE:MO)

Fmr LLC lowered its stake in Altria Group, Inc. (NYSE:MO) by 54.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,317,051 shares of the company’s stock after selling 6,344,519 shares during the period. Fmr LLC owned approximately 0.31% of Altria Group worth $271,382,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Los Angeles Capital Management LLC boosted its position in Altria Group by 729.8% during the third quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock worth $100,511,000 after purchasing an additional 1,731,932 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Altria Group by 3,786.6% in the third quarter. Assenagon Asset Management S.A. now owns 1,743,443 shares of the company’s stock worth $88,985,000 after buying an additional 1,698,585 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Altria Group by 25.0% during the 2nd quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock worth $295,055,000 after buying an additional 1,299,703 shares during the period. National Pension Service grew its stake in Altria Group by 19.9% in the 3rd quarter. National Pension Service now owns 4,034,414 shares of the company’s stock valued at $205,916,000 after buying an additional 670,858 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Altria Group by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after acquiring an additional 589,832 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 0.2 %

Shares of NYSE MO opened at $57.74 on Monday. The firm has a market capitalization of $97.86 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 3.28 and a beta of 0.64. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The business has a fifty day simple moving average of $52.55 and a 200 day simple moving average of $50.16.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period last year, the firm earned $1.28 EPS. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. On average, research analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MO. Deutsche Bank Aktiengesellschaft upped their price target on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. UBS Group upped their price target on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. Citigroup raised their price objective on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Bank of America cut their target price on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and an average price target of $51.33.

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.