Boston Family Office LLC Has $682,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

Boston Family Office LLC trimmed its position in Altria Group, Inc. (NYSE:MO) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,366 shares of the company’s stock after selling 450 shares during the period. Boston Family Office LLC’s holdings in Altria Group were worth $682,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Altria Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after purchasing an additional 589,832 shares in the last quarter. Legal & General Group Plc increased its stake in Altria Group by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 12,355,509 shares of the company’s stock worth $562,793,000 after purchasing an additional 191,236 shares in the last quarter. AQR Capital Management LLC increased its stake in Altria Group by 25.0% during the 2nd quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock worth $295,055,000 after purchasing an additional 1,299,703 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Altria Group by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,060,589 shares of the company’s stock worth $230,510,000 after acquiring an additional 243,201 shares in the last quarter. Finally, LSV Asset Management grew its stake in shares of Altria Group by 4.6% during the 2nd quarter. LSV Asset Management now owns 4,888,137 shares of the company’s stock worth $222,655,000 after acquiring an additional 215,594 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Price Performance

Shares of Altria Group stock opened at $56.75 on Tuesday. The business has a fifty day simple moving average of $51.97 and a two-hundred day simple moving average of $49.81. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $57.20. The company has a market capitalization of $96.17 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 3.23 and a beta of 0.64.

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

Analyst Upgrades and Downgrades

MO has been the subject of several research reports. Bank of America decreased their price target on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group raised 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. Citigroup raised their target price on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.