Altria Group, Inc. $MO Shares Acquired by Venture Visionary Partners LLC

Key Points

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Venture Visionary Partners LLC boosted its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 3.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,148 shares of the company's stock after purchasing an additional 3,953 shares during the quarter. Venture Visionary Partners LLC's holdings in Altria Group were worth $6,671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MO. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Altria Group by 4.4% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 36,482 shares of the company's stock valued at $2,190,000 after acquiring an additional 1,528 shares during the period. Berkshire Asset Management LLC PA boosted its holdings in shares of Altria Group by 28.4% in the first quarter. Berkshire Asset Management LLC PA now owns 33,181 shares of the company's stock valued at $2,004,000 after acquiring an additional 7,338 shares during the period. Paradigm Capital Management LLC NV boosted its holdings in shares of Altria Group by 4.2% in the first quarter. Paradigm Capital Management LLC NV now owns 30,978 shares of the company's stock valued at $1,859,000 after acquiring an additional 1,260 shares during the period. Financial Advisors Network Inc. boosted its holdings in shares of Altria Group by 554.0% in the first quarter. Financial Advisors Network Inc. now owns 89,186 shares of the company's stock valued at $5,353,000 after acquiring an additional 75,550 shares during the period. Finally, M Holdings Securities Inc. boosted its holdings in shares of Altria Group by 11.1% in the first quarter. M Holdings Securities Inc. now owns 11,234 shares of the company's stock valued at $674,000 after acquiring an additional 1,123 shares during the period. 57.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MO shares. UBS Group raised Altria Group from a "sell" rating to a "neutral" rating and increased their price objective for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Needham & Company LLC raised Altria Group to a "hold" rating in a report on Thursday, May 22nd. Jefferies Financial Group started coverage on Altria Group in a report on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 price objective for the company. Citigroup increased their price objective on Altria Group from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Finally, Morgan Stanley increased their price objective on Altria Group from $57.00 to $62.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $59.13.

Altria Group Price Performance

Altria Group stock opened at $66.00 on Tuesday. Altria Group, Inc. has a 12 month low of $48.86 and a 12 month high of $66.60. The business has a 50 day simple moving average of $60.45 and a 200-day simple moving average of $58.44. The stock has a market capitalization of $110.87 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 3.54 and a beta of 0.59.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.37 by $0.07. Altria Group had a negative return on equity of 295.26% and a net margin of 37.24%. The business had revenue of $5.29 billion during the quarter, compared to analysts' expectations of $5.21 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. The company's quarterly revenue was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.32 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 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.

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