Longfellow Investment Management Co. LLC Has $6.46 Million Position in Altria Group, Inc. (NYSE:MO)

Longfellow Investment Management Co. LLC grew its position in shares of Altria Group, Inc. (NYSE:MO) by 0.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,650 shares of the company’s stock after purchasing an additional 189 shares during the quarter. Altria Group makes up 1.6% of Longfellow Investment Management Co. LLC’s holdings, making the stock its 15th biggest holding. Longfellow Investment Management Co. LLC’s holdings in Altria Group were worth $6,464,000 at the end of the most recent reporting period.

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

Altria Group Trading Up 0.3 %

Shares of NYSE MO opened at $56.92 on Monday. The stock has a market capitalization of $96.47 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 3.23 and a beta of 0.64. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $56.92. The firm’s 50-day moving average price is $51.87 and its 200-day moving average price is $49.73.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Bank of America reduced their price target on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. UBS Group boosted their price target on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. Finally, Citigroup increased their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. 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 company. According to data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and an average price target of $51.33.

Altria Group Company 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.