Traders Buy Altria Group (MO) on Weakness

Traders purchased shares of Altria Group Inc (NYSE:MO) on weakness during trading on Thursday. $187.37 million flowed into the stock on the tick-up and $162.15 million flowed out of the stock on the tick-down, for a money net flow of $25.22 million into the stock. Of all equities tracked, Altria Group had the 20th highest net in-flow for the day. Altria Group traded down ($1.82) for the day and closed at $57.28

A number of research analysts recently issued reports on the company. ValuEngine upgraded Altria Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Citigroup increased their price objective on Altria Group from $59.00 to $67.00 and gave the stock a “hold” rating in a research report on Friday, September 21st. Sanford C. Bernstein began coverage on Altria Group in a research report on Tuesday, October 16th. They set a “market perform” rating for the company. Zacks Investment Research cut Altria Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, Stifel Nicolaus decreased their price objective on Altria Group from $78.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.87.

The company has a quick ratio of 0.36, a current ratio of 0.60 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $115.00 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.74 and a beta of 0.40.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 25th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Altria Group had a return on equity of 48.31% and a net margin of 42.13%. On average, research analysts predict that Altria Group Inc will post 3.99 EPS for the current year.

In other news, Director Dinyar S. Devitre sold 3,165 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $58.44, for a total value of $184,962.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Clearstead Advisors LLC raised its holdings in Altria Group by 5.9% during the third quarter. Clearstead Advisors LLC now owns 14,959 shares of the company’s stock worth $902,000 after purchasing an additional 830 shares during the last quarter. Veritable L.P. raised its holdings in Altria Group by 0.7% during the third quarter. Veritable L.P. now owns 128,536 shares of the company’s stock worth $7,752,000 after purchasing an additional 850 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in Altria Group by 2.1% during the third quarter. Wetherby Asset Management Inc. now owns 40,661 shares of the company’s stock worth $2,452,000 after purchasing an additional 855 shares during the last quarter. Pekin Singer Strauss Asset Management IL raised its holdings in Altria Group by 9.9% during the second quarter. Pekin Singer Strauss Asset Management IL now owns 9,510 shares of the company’s stock worth $540,000 after purchasing an additional 859 shares during the last quarter. Finally, Burney Co. raised its holdings in Altria Group by 4.0% during the second quarter. Burney Co. now owns 22,348 shares of the company’s stock worth $1,269,000 after purchasing an additional 859 shares during the last quarter. 63.37% of the stock is owned by institutional investors and hedge funds.

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About Altria Group (NYSE:MO)

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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