Bessemer Group Inc. lowered its stake in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 11.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,901 shares of the company’s stock after selling 4,230 shares during the period. Bessemer Group Inc.’s holdings in Altria Group were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new position in Altria Group during the first quarter worth about $25,000. Ruedi Wealth Management Inc. acquired a new stake in shares of Altria Group during the fourth quarter worth about $30,000. Ellevest Inc. raised its position in shares of Altria Group by 346.7% during the first quarter. Ellevest Inc. now owns 670 shares of the company’s stock worth $30,000 after purchasing an additional 520 shares during the period. NewSquare Capital LLC raised its position in shares of Altria Group by 153.8% during the first quarter. NewSquare Capital LLC now owns 731 shares of the company’s stock worth $33,000 after purchasing an additional 443 shares during the period. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Altria Group during the fourth quarter worth about $34,000. Institutional investors own 58.38% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on Altria Group in a research report on Thursday. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and an average price target of $46.00.
Altria Group Stock Performance
Shares of Altria Group stock opened at $42.91 on Monday. The business’s 50 day simple moving average is $44.73 and its 200 day simple moving average is $45.49. Altria Group, Inc. has a 52-week low of $40.35 and a 52-week high of $51.57. The firm has a market cap of $76.15 billion, a PE ratio of 11.26, a P/E/G ratio of 2.29 and a beta of 0.59.
Altria Group (NYSE:MO – Get Free Report) last announced its earnings results on Tuesday, August 1st. The company reported $1.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. Altria Group had a negative return on equity of 225.61% and a net margin of 27.40%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same quarter last year, the firm earned $1.26 EPS. Altria Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts predict that Altria Group, Inc. will post 4.99 EPS for the current year.
About Altria Group
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches.
Further Reading
- Five stocks we like better than Altria Group
- Are Stock Buybacks Good for the Average Investor?
- MarketBeat Week in Review – 8/14 – 8/18
- There Are Different Types of Stock To Invest In
- 8 Best Artificial Intelligence Stocks Under $10
- How to Find Undervalued Stocks
- What Ross Stores Earnings Say About The Saver Shopping Economy
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.
