Great Valley Advisor Group Inc. Grows Stock Position in Altria Group, Inc. (NYSE:MO)

Great Valley Advisor Group Inc. grew its position in shares of Altria Group, Inc. (NYSE:MO) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,772 shares of the company’s stock after buying an additional 4,179 shares during the period. Great Valley Advisor Group Inc.’s holdings in Altria Group were worth $7,747,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aviance Capital Partners LLC boosted its position in Altria Group by 0.5% during the third quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock worth $2,060,000 after purchasing an additional 191 shares during the period. Delta Investment Management LLC boosted its holdings in Altria Group by 2.9% in the 2nd quarter. Delta Investment Management LLC now owns 7,064 shares of the company’s stock worth $322,000 after buying an additional 198 shares during the period. Scarborough Advisors LLC grew its stake in Altria Group by 18.5% in the 2nd quarter. Scarborough Advisors LLC now owns 1,283 shares of the company’s stock valued at $58,000 after buying an additional 200 shares in the last quarter. American Institute for Advanced Investment Management LLP raised its holdings in Altria Group by 3.5% during the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock valued at $299,000 after acquiring an additional 200 shares during the period. Finally, Ridgecrest Wealth Partners LLC lifted its position in shares of Altria Group by 3.5% during the third quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock worth $299,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of MO opened at $56.73 on Friday. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $56.84. The company has a market capitalization of $96.15 billion, a P/E ratio of 9.58, a P/E/G ratio of 3.19 and a beta of 0.64. The firm’s 50 day simple moving average is $51.87 and its 200 day simple moving average is $49.69.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share 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 firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter last year, the company posted $1.28 EPS. The business’s quarterly revenue was up 18.6% on a year-over-year basis. On average, equities analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MO. Deutsche Bank Aktiengesellschaft lifted their price target on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup upped their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Bank of America cut their price objective on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Barclays upped their target price on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.33.

About Altria Group

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.