November 30, 2016 - By Adrian Mccoy
Altria Group Inc (NYSE:MO) had its stock rating noted as Equal-Weight by analysts at Morgan Stanley. Morgan Stanley currently has a $65.00 PT on the $127.81B market cap company or -0.28% downside potential. This was revealed to investors in a research report on Tuesday morning.
Out of 14 analysts covering Altria Group Inc. (NYSE:MO), 8 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 57% are positive. $72 is the highest target while $58.49 is the lowest. The $65.65 average target is 0.72% above today’s ($65.18) stock price. Altria Group Inc. has been the topic of 17 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Citigroup initiated the stock with “Buy” rating in Tuesday, September 13 report. The firm has “Neutral” rating by Bank of America given on Thursday, March 24. Credit Agricole downgraded the shares of MO in a report on Thursday, July 30 to “Outperform” rating. The stock of Altria Group Inc (NYSE:MO) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, November 3. UBS initiated the shares of MO in a report on Friday, February 26 with “Neutral” rating. The firm has “Buy” rating given on Monday, June 27 by Stifel Nicolaus. As per Tuesday, November 29, the company rating was reinitiated by Morgan Stanley. The stock of Altria Group Inc (NYSE:MO) earned “Hold” rating by Jefferies on Wednesday, September 21. The firm has “Strong-Buy” rating by Vetr given on Wednesday, September 2. The stock of Altria Group Inc (NYSE:MO) earned “Outperform” rating by CLSA on Thursday, September 15.
The stock increased 0.54% or $0.35 during the last trading session, hitting $65.18. Altria Group Inc (NYSE:MO) has risen 5.90% since April 27, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
Analysts await Altria Group Inc (NYSE:MO) to report earnings on January, 26. They expect $0.68 earnings per share, up 1.49% or $0.01 from last year’s $0.67 per share. MO’s profit will be $1.33B for 23.96 P/E if the $0.68 EPS becomes a reality. After $0.82 actual earnings per share reported by Altria Group Inc for the previous quarter, Wall Street now forecasts -17.07% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.06, from 0.93 in 2016Q1. The ratio is negative, as 40 funds sold all Altria Group Inc shares owned while 519 reduced positions. 68 funds bought stakes while 454 increased positions. They now own 1.16 billion shares or 3.01% less from 1.20 billion shares in 2016Q1.
Gillespie Robinson Grimm holds 0.03% or 3,065 shares in its portfolio. 1St Source Bancorp holds 13,554 shares or 0.11% of its portfolio. Deltec Asset Mngmt Limited Liability Corp last reported 1% of its portfolio in the stock. Boston Family Office Ltd Liability Company has 0.61% invested in the company for 68,296 shares. Jump Trading, a Illinois-based fund reported 4,451 shares. Bath Savings Co has 13,849 shares for 0.3% of their US portfolio. Regis Mgmt Comm, a California-based fund reported 12,575 shares. Moreover, Covington Inv Advsr has 3.32% invested in Altria Group Inc (NYSE:MO) for 109,085 shares. Guardian Life Insurance Of America owns 7,342 shares or 0.04% of their US portfolio. Sigma Planning Corp accumulated 1.07% or 119,352 shares. The Pennsylvania-based Glenmede Tru Com Na has invested 0.3% in Altria Group Inc (NYSE:MO). Moreover, Franklin Street Advisors Nc has 0.07% invested in Altria Group Inc (NYSE:MO) for 5,355 shares. Affinity Invest Advsr Ltd Liability Corporation owns 359,407 shares or 1.83% of their US portfolio. Planning has 0.56% invested in the company for 108,523 shares. The France-based Credit Agricole S A has invested 0.71% in Altria Group Inc (NYSE:MO).
Insider Transactions: Since August 3, 2016, the stock had 0 buys, and 3 insider sales for $2.38 million net activity. Shares for $600,129 were sold by Dillard James E III on Wednesday, August 3. 15,960 Altria Group Inc (NYSE:MO) shares with value of $1.05 million were sold by Barrington Martin J.. 11,000 shares were sold by Whitaker Charles N., worth $731,861 on Thursday, August 4.
Altria Group, Inc. is a holding company. The company has a market cap of $127.81 billion. The Company’s subsidiaries include Philip Morris USA Inc. , 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S. It has a 24.5 P/E ratio. Smokeless Tobacco Company LLC (USSTC) and Ste.
According to Zacks Investment Research, “Altria Group is the parent company of Philip Morris USA, U.S. Smokeless Tobacco Company, John Middleton, Ste. Michelle Wine Estates and Philip Morris Capital Corporation. Their tobacco company brand portfolios consist of successful and well-known brand names such as Marlboro, Copenhagen, Skoal and Black & Mild.”
Altria Group, Inc., incorporated on August 27, 2009, is a holding company. 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 large cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless tobacco products and wine. The Company’s other operating companies include Nu Mark LLC (Nu Mark), a subsidiary that is engaged in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a subsidiary that maintains a portfolio of finance assets, substantially all of which are leveraged leases. Other subsidiaries include Altria Group Distribution Company, which provides sales, distribution and consumer engagement services to certain its operating subsidiaries, and Altria Client Services LLC, which provides various support services in areas, such as legal, regulatory, finance, human resources and external affairs, to the Company and its subsidiaries. The Company’s financial services business (conducted through PMCC) holds investments in finance leases, principally in transportation (including aircraft), power generation and manufacturing equipment and facilities.
More important recent Altria Group Inc (NYSE:MO) news were published by: Seekingalpha.com which released: “Altria Group Inc. – One Of The Best-Performing Stocks Ever” on November 28, 2016, also Fool.com published article titled: “Better Buy: Altria Group Inc. vs. Philip Morris”, Seekingalpha.com published: “Why Altria Group Is An Outstanding Buy” on November 28, 2016. More interesting news about Altria Group Inc (NYSE:MO) was released by: Forbes.com and their article: “January 2019 Options Now Available For Altria Group (MO)” with publication date: November 14, 2016.
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By Adrian Mccoy