Altria Group, Inc. (NYSE:MO) Shares Sold by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC cut its stake in Altria Group, Inc. (NYSE:MO) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,206 shares of the company’s stock after selling 264 shares during the period. Kolinsky Wealth Management LLC’s holdings in Altria Group were worth $215,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Atria Investments Inc increased its holdings in Altria Group by 10.0% in the first quarter. Atria Investments Inc now owns 102,257 shares of the company’s stock valued at $4,460,000 after buying an additional 9,290 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Altria Group by 7.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 395,085 shares of the company’s stock valued at $17,289,000 after acquiring an additional 28,718 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Altria Group by 30.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,820 shares of the company’s stock valued at $255,000 after acquiring an additional 1,344 shares in the last quarter. HM Payson & Co. lifted its stake in Altria Group by 13.0% during the first quarter. HM Payson & Co. now owns 48,152 shares of the company’s stock worth $2,100,000 after purchasing an additional 5,522 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Altria Group by 78.8% in the second quarter. GAMMA Investing LLC now owns 20,662 shares of the company’s stock worth $941,000 after purchasing an additional 9,106 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of research reports. Stifel Nicolaus increased their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America cut their target price on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. UBS Group upped their target price on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a report on Monday, September 9th. Barclays raised their price target on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two equities research 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 MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $51.33.

Altria Group Trading Up 0.2 %

Shares of NYSE MO opened at $57.74 on Friday. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03. The company has a market cap of $97.86 billion, a PE ratio of 9.75, a P/E/G ratio of 3.28 and a beta of 0.64. The stock has a 50 day simple moving average of $52.55 and a 200-day simple moving average of $50.10.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $5.33 billion. During the same quarter in the prior year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. Sell-side analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group 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.