Stock of The Day: Could Altria Group Inc Change Direction After Today’s Significant Decline?

Stock of The Day: Could Altria Group Inc Change Direction After Today's Significant Decline?

The stock of Altria Group Inc (NYSE:MO) is a huge mover today! About 1.12M shares traded hands. Altria Group Inc (NYSE:MO) has declined 0.73% since March 10, 2016 and is downtrending. It has underperformed by 8.25% the S&P500.
The move comes after 5 months negative chart setup for the $123.24 billion company. It was reported on Oct, 13 by Barchart.com. We have $59.39 PT which if reached, will make NYSE:MO worth $6.16B less.

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 $1.60B for 19.30 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. The rating was downgraded by Credit Agricole on Thursday, July 30 to “Outperform”. Berenberg initiated Altria Group Inc (NYSE:MO) on Tuesday, June 14 with “Buy” rating. The stock of Altria Group Inc (NYSE:MO) has “Outperform” rating given on Thursday, September 15 by CLSA. Cowen & Co downgraded Altria Group Inc (NYSE:MO) rating on Friday, October 30. Cowen & Co has “Market Perform” rating and $65 price target. The rating was downgraded by Bank of America to “Neutral” on Thursday, March 24. Citigroup initiated the shares of MO in a report on Tuesday, September 13 with “Buy” rating. The stock of Altria Group Inc (NYSE:MO) has “Strong-Buy” rating given on Wednesday, September 2 by Vetr. The rating was initiated by UBS with “Neutral” on Friday, February 26. The stock of Altria Group Inc (NYSE:MO) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, November 3. Argus Research upgraded the stock to “Buy” rating in Monday, May 9 report.

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 dropped, 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.
Amarillo Natl Bank last reported 0.09% of its portfolio in the stock. The Massachusetts-based Crestwood Lc has invested 0.07% in Altria Group Inc (NYSE:MO). Swiss Financial Bank holds 6.03 million shares or 0.67% of its portfolio. Hirtle Callaghan Company Ltd Llc reported 693 shares or 0.01% of all its holdings. Osborn Rohs Williams & Donohoe Ltd accumulated 15,962 shares or 0.21% of the stock. Legal And General Group Public Limited Company owns 8.80 million shares or 0.64% of their US portfolio. Mastrapasqua Asset holds 9,140 shares or 0.16% of its portfolio. Homrich And Berg holds 0.13% or 19,217 shares in its portfolio. Grassi Invest reported 129,805 shares or 1.69% of all its holdings. Camarda Fincl Advisors Llc has 0.25% invested in the company for 5,817 shares. First Interstate Fincl Bank last reported 0.21% of its portfolio in the stock. The Quebec – Canada-based Pub Sector Pension Inv Board has invested 0.28% in Altria Group Inc (NYSE:MO). Vident Advisory Ltd holds 0.37% of its portfolio in Altria Group Inc (NYSE:MO) for 38,007 shares. Insight 2811 Incorporated holds 5,800 shares or 0.15% of its portfolio. Advsr Limited Limited Liability Corporation holds 0.15% or 4,693 shares in its portfolio.

Insider Transactions: Since May 9, 2016, the stock had 1 buy, and 4 sales for $2.06 million net activity. 9,000 shares were sold by Dillard James E III, worth $600,129. On Monday, May 9 Quigley Brian W. sold $190,993 worth of the stock or 3,000 shares. The insider MUNOZ GEORGE sold 12,571 shares worth $790,087. Sakkab Nabil Y had bought 4,000 shares worth $252,800. Shares for $731,861 were sold by Whitaker Charles N..

More notable recent Altria Group Inc (NYSE:MO) news were published by: Fool.com which released: “[TICKERCOVERAGE] What Altria Group Investors Will Get From Anheuser-Busch” on October 12, 2016, also Fool.com with their article: “Better Buy: Altria Group Inc. vs. Reynolds American” published on October 03, 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: Fool.com and their article: “Altria Group Inc.’s Worst Move in 2016 So Far” published on September 14, 2016 as well as Forbes.com‘s news article titled: “November 18th Options Now Available For Altria Group (MO)” with publication date: September 19, 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.

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