4,899 Shares in Altria Group, Inc. (NYSE:MO) Purchased by Brooklyn Investment Group

Brooklyn Investment Group bought a new stake in Altria Group, Inc. (NYSE:MO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,899 shares of the company’s stock, valued at approximately $250,000.

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

Altria Group Trading Up 1.5 %

MO stock opened at $57.58 on Wednesday. The firm has a 50-day moving average of $52.11 and a two-hundred day moving average of $49.90. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $57.60. The company has a market cap of $97.59 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 3.23 and a beta of 0.64.

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

Analyst Ratings Changes

Several brokerages recently commented on MO. Barclays boosted their price target 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. Bank of America reduced 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 report on Tuesday, October 15th. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Citigroup boosted their price objective on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.