The stock of Altria Group Inc (NYSE:MO) is a huge mover today! About 2.34 million shares traded hands. Altria Group Inc (NYSE:MO) has declined 0.88% since March 8, 2016 and is downtrending. It has underperformed by 10.20% the S&P500.
The move comes after 7 months positive chart setup for the $120.61B company. It was reported on Oct, 11 by Barchart.com. We have $74.28 PT which if reached, will make NYSE:MO worth $24.12B more.
Analysts await Altria Group Inc (NYSE:MO) to report earnings on November, 3. They expect $0.81 EPS, up 8.00% or $0.06 from last year’s $0.75 per share. MO’s profit will be $1.58 billion for 19.10 P/E if the $0.81 EPS becomes a reality. After $0.81 actual EPS reported by Altria Group Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Altria Group Inc (NYSE:MO) Ratings Coverage
Out of 13 analysts covering Altria Group Inc. (NYSE:MO), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. Altria Group Inc. has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Citigroup initiated Altria Group Inc (NYSE:MO) on Tuesday, September 13 with “Buy” rating. The stock of Altria Group Inc (NYSE:MO) has “Buy” rating given on Monday, May 9 by Argus Research. Cowen & Co downgraded Altria Group Inc (NYSE:MO) on Friday, October 30 to “Market Perform” rating. On Friday, February 26 the stock rating was initiated by UBS with “Neutral”. The stock of Altria Group Inc (NYSE:MO) earned “Outperform” rating by Credit Agricole on Thursday, July 30. Stifel Nicolaus maintained Altria Group Inc (NYSE:MO) rating on Monday, June 27. Stifel Nicolaus has “Buy” rating and $71 price target. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Tuesday, November 3 report. CLSA maintained the stock with “Outperform” rating in Thursday, September 15 report. The firm has “Buy” rating by Berenberg given on Tuesday, June 14. The stock of Altria Group Inc (NYSE:MO) has “Strong-Buy” rating given on Wednesday, September 2 by Vetr.
According to Zacks Investment Research, “Altria Group is the parent company of Philip Morris USA, U.S. Smokeless Tobacco Company, John Middleton, Ste. Michelle Wine Estates and Philip Morris Capital Corporation. Their tobacco company brand portfolios consist of successful and well-known brand names such as Marlboro, Copenhagen, Skoal and Black & Mild.”
Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.17, from 1.1 in 2016Q1. The ratio turned negative, as 40 funds sold all Altria Group Inc shares owned while 519 reduced positions. 68 funds bought stakes while 454 increased positions. They now own 1.16 billion shares or 3.01% less from 1.20 billion shares in 2016Q1.
Guardian Capital Ltd Partnership, a Ontario – Canada-based fund reported 12,650 shares. Carlson Cap Management last reported 0.17% of its portfolio in the stock. Cypress has 2.11% invested in the company for 130,948 shares. Bangor Financial Bank has 13,564 shares for 0.23% of their US portfolio. Summit Fincl Wealth Advsrs Limited Liability Company last reported 0.37% of its portfolio in the stock. Dai Ichi Life Insurance holds 0.99% of its portfolio in Altria Group Inc (NYSE:MO) for 476,497 shares. Allstate Corp owns 111,192 shares or 0.5% of their US portfolio. Aviance Prtn Ltd Liability Corp accumulated 0.1% or 4,120 shares. Gamble Jones Inv Counsel holds 0.61% or 81,059 shares in its portfolio. Thrivent Financial For Lutherans holds 61,358 shares or 0.02% of its portfolio. Goelzer Investment Inc has invested 0.04% of its portfolio in Altria Group Inc (NYSE:MO). Chevy Chase Hldg holds 0.65% or 1.69M shares in its portfolio. Legacy Capital Prtn holds 29,705 shares or 1.27% of its portfolio. The California-based Alethea Capital Mgmt has invested 1.32% in Altria Group Inc (NYSE:MO). Moreover, Howland Mngmt Lc has 0.05% invested in Altria Group Inc (NYSE:MO) for 7,146 shares.
Insider Transactions: Since May 9, 2016, the stock had 1 buy, and 4 sales for $2.06 million net activity. $731,861 worth of Altria Group Inc (NYSE:MO) was sold by Whitaker Charles N.. The insider Dillard James E III sold $600,129. Another trade for 3,000 shares valued at $190,993 was sold by Quigley Brian W.. Another trade for 4,000 shares valued at $252,800 was made by Sakkab Nabil Y on Friday, May 20. Another trade for 12,571 shares valued at $790,087 was sold by MUNOZ GEORGE.
More notable recent Altria Group Inc (NYSE:MO) news were published by: Fool.com which released: “Better Buy: Altria Group Inc. vs. Reynolds American” on October 03, 2016, also Fool.com with their article: “Altria Group Inc.’s Worst Move in 2016 So Far” published on September 14, 2016, Fool.com published: “Altria Group Inc. in 3 Charts” on September 16, 2016. More interesting news about Altria Group Inc (NYSE:MO) were released by: Forbes.com and their article: “November 18th Options Now Available For Altria Group (MO)” published on September 19, 2016 as well as Twst.com‘s news article titled: “Altria Group Inc.: Altria Becomes Significant Shareholder in Anheuser-Busch …” with publication date: October 11, 2016.
MO Company Profile
Altria Group, Inc., incorporated on August 27, 2009, is a holding company. The Company’s subsidiaries include Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless tobacco products and wine. The Company’s other operating companies include Nu Mark LLC (Nu Mark), a subsidiary that is engaged in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a subsidiary that maintains a portfolio of finance assets, substantially all of which are leveraged leases. Other subsidiaries include Altria Group Distribution Company, which provides sales, distribution and consumer engagement services to certain its operating subsidiaries, and Altria Client Services LLC, which provides various support services in areas, such as legal, regulatory, finance, human resources and external affairs, to the Company and its subsidiaries. The Company’s financial services business (conducted through PMCC) holds investments in finance leases, principally in transportation (including aircraft), power generation and manufacturing equipment and facilities.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.