Todays Report: Today, Altria Group (MO) Receives New Coverage from Analysts at Morgan Stanley

Today, Altria Group (MO) Receives New Coverage from Analysts at Morgan Stanley

Investment analysts at Morgan Stanley assumed coverage on shares of Altria Group (NYSE:MO) in a research note issued on Tuesday. The brokerage set a “weight” rating and a $65.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 0.26% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Vetr downgraded shares of Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.90 price objective on the stock. in a report on Tuesday, September 13th. Citigroup Inc. initiated coverage on shares of Altria Group in a report on Monday, September 12th. They set a “buy” rating and a $72.00 price objective on the stock. Argus set a $73.00 price objective on shares of Altria Group and gave the stock a “buy” rating in a report on Monday, August 1st. Zacks Investment Research upgraded shares of Altria Group from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Thursday, August 4th. Finally, Jefferies Group initiated coverage on shares of Altria Group in a report on Wednesday, September 21st. They set a “hold” rating and a $70.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $69.52.

Shares of Altria Group (NYSE:MO) traded down 0.05% during midday trading on Tuesday, hitting $64.80. 983,818 shares of the company’s stock traded hands. The company has a 50 day moving average price of $63.59 and a 200 day moving average price of $65.26. Altria Group has a 1-year low of $56.15 and a 1-year high of $70.15. The firm has a market capitalization of $126.49 billion, a price-to-earnings ratio of 24.36 and a beta of 0.57.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Altria Group had a net margin of 20.19% and a return on equity of 202.19%. The company had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $5.11 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. Equities analysts anticipate that Altria Group will post $3.03 earnings per share for the current year.

In other Altria Group news, CEO Martin J. Barrington sold 15,960 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $65.85, for a total value of $1,050,966.00. Following the transaction, the chief executive officer now directly owns 833,577 shares in the company, valued at $54,891,045.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.15% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new position in Altria Group during the first quarter worth approximately $1,107,000. Barnett & Company Inc. purchased a new position in Altria Group during the first quarter worth approximately $180,000. Summit Financial Wealth Advisors LLC raised its position in Altria Group by 2.0% in the second quarter. Summit Financial Wealth Advisors LLC now owns 12,745 shares of the company’s stock worth $879,000 after buying an additional 250 shares during the period. BNP Paribas Arbitrage SA raised its position in Altria Group by 2.3% in the second quarter. BNP Paribas Arbitrage SA now owns 1,135,650 shares of the company’s stock worth $78,314,000 after buying an additional 25,440 shares during the period. Finally, Fulton Bank N.A. raised its position in Altria Group by 0.3% in the second quarter. Fulton Bank N.A. now owns 105,813 shares of the company’s stock worth $7,296,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors own 60.04% of the company’s stock.

Altria Group Company Profile

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