How Analysts View Altria Group after Its Strong 3Q17 Earnings

How Altria Group’s 3Q17 Earnings Outperformed Analyst Estimates

Summit Securities Group Llc sold 2,657 shares as the company's stock declined 2.84% while stock markets rallied. Altria Group comprises 0.6% of Schwab Charles Investment Management Inc.'s investment portfolio, making the stock its 26th largest position.

Altria Group, Inc. (NYSE:MO) reported its EPS in the last quarter as $0.9/Share beating the analyst estimate of $0.87/Share by a difference of $0.03. Emerald Acquisition Ltd. purchased a new position in shares of Altria Group during the second quarter worth approximately $233,157,000. Sterling Investment Advisors Ltd. now owns 1,400 shares of the company's stock valued at $100,000 after acquiring an additional 800 shares during the period.

As of quarter end Artemis Investment Management LLP had acquired a total of 353,913 shares growing its stake by 6,636.3%. Vanguard Group Inc. now owns 125,294,855 shares of the company's stock valued at $8,640,334,000 after buying an additional 3,366,581 shares in the last quarter. New York-based National Bank Of Mellon Corporation has invested 0.43% in Altria Group Inc (NYSE:MO). Perigon Wealth Management LLC grew its position in shares of Altria Group by 4.7% in the 1st quarter.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 62.8 Percent.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 26th. On the same day, analysts expected the company's stock price to reach $71.58 in the next 12 months, which represents a return potential of 10.3%. Fdx Advsrs Incorporated invested in 286,587 shares or 0.63% of the stock.

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Shares of Altria Group (NYSE:MO) traded up 0.27% on Tuesday, reaching $64.22. Altria Group Inc now has $122.85 billion valuation. The company has a 50 day moving average price of $63.48 and a 200 day moving average price of $65.21. The firm has a market capitalization of $120.85 billion, a price-to-earnings ratio of 23.27 and a beta of 0.57. Altria Group Inc (NYSE:MO) has risen 11.92% since October 31, 2016 and is uptrending. The dividend payment was $0.660 per share for the quarter or $2.64 annualized. Altria Group had a return on equity of 202.19% and a net margin of 20.19%. According to their predictions high & low revenue estimates are 4.91 Billion and 4.7 Billion respectively. During the same quarter a year ago, the business posted $0.82 EPS. On average, equities research analysts predict that Altria Group will post $3.03 earnings per share for the current fiscal year.

Investors sentiment increased to 0.91 in 2017 Q2. UBS maintained Altria Group Inc (NYSE:MO) rating on Friday, October 27. The ex-dividend date was Thursday, September 14th. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Salem Capital Management Inc who had been investing in Unilever Plc Adr for a number of months, seems to be less bullish one the $169.55B market cap company. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/31/berenberg-bank-reiterates-hold-rating-for-altria-group-mo.html. Also, CEO Martin J. Barrington sold 15,300 shares of the company's stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $65.03, for a total transaction of $994,959.00. Following the transaction, the chief executive officer now owns 701,074 shares in the company, valued at $45,590,842.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. $303,050 worth of Altria Group Inc (NYSE:MO) was sold by DEVITRE DINYAR S.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -8.76%, and has a solid year to date (YTD) performance of -5.28% which means that the stock is constantly adding to its value from the previous fiscal year end price. The disclosure for this sale can be found here. 0 analysts gave its stock an Outperform rating. Cowen and Company reissued a "hold" rating and issued a $74.00 price target on shares of Altria Group in a report on Tuesday, July 11th. Vetr downgraded shares of Altria Group from a "strong-buy" rating to a "buy" rating and set a $75.77 price objective for the company.in a research note on Monday, August 1st. Piper Jaffray Companies restated a "buy" rating and issued a $76.00 target price on shares of Altria Group in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Altria Group presently has an average rating of "Hold" and an average target price of $71.93.

Hartford Fin Mgmt invested 0.12% of its portfolio in Altria Group Inc (NYSE:MO).

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