Northern Trust Corp Has $976.51 Million Stake in Altria Group, Inc. $MO

Key Points

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Northern Trust Corp decreased its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,269,786 shares of the company's stock after selling 162,749 shares during the period. Northern Trust Corp owned 0.97% of Altria Group worth $976,513,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Inlight Wealth Management LLC bought a new position in Altria Group during the first quarter worth about $31,000. Sierra Ocean LLC grew its holdings in Altria Group by 226.3% during the first quarter. Sierra Ocean LLC now owns 509 shares of the company's stock worth $31,000 after purchasing an additional 353 shares during the period. Pinney & Scofield Inc. bought a new position in Altria Group during the fourth quarter worth about $33,000. Bellwether Advisors LLC bought a new position in Altria Group during the fourth quarter worth about $38,000. Finally, TruNorth Capital Management LLC grew its holdings in Altria Group by 51.8% during the first quarter. TruNorth Capital Management LLC now owns 636 shares of the company's stock worth $38,000 after purchasing an additional 217 shares during the period. Institutional investors own 57.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MO shares. Stifel Nicolaus lifted their price target on Altria Group from $63.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Barclays lifted their price target on Altria Group from $49.00 to $57.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. Wall Street Zen cut Altria Group from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Morgan Stanley boosted their price objective on Altria Group from $57.00 to $62.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, UBS Group upgraded Altria Group from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $47.00 to $59.00 in a report on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $59.13.

Altria Group Price Performance

Shares of MO opened at $66.00 on Tuesday. Altria Group, Inc. has a one year low of $48.86 and a one year high of $66.60. The company has a market cap of $110.87 billion, a P/E ratio of 12.77, a P/E/G ratio of 3.54 and a beta of 0.59. The firm has a 50 day simple moving average of $60.45 and a two-hundred day simple moving average of $58.44.

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