Segall Bryant & Hamill LLC Invests $2.18 Million in Altria Group, Inc. (NYSE:MO)

Segall Bryant & Hamill LLC acquired a new stake in Altria Group, Inc. (NYSE:MO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,763 shares of the company’s stock, valued at approximately $2,183,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prospera Private Wealth LLC bought a new stake in shares of Altria Group in the 3rd quarter valued at $81,000. Avior Wealth Management LLC lifted its stake in shares of Altria Group by 34.9% in the 3rd quarter. Avior Wealth Management LLC now owns 14,506 shares of the company’s stock valued at $740,000 after purchasing an additional 3,754 shares during the period. West Family Investments Inc. boosted its position in shares of Altria Group by 13.3% during the 3rd quarter. West Family Investments Inc. now owns 6,103 shares of the company’s stock valued at $311,000 after purchasing an additional 715 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Altria Group by 2.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,922,740 shares of the company’s stock worth $98,137,000 after purchasing an additional 45,253 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Altria Group in the third quarter valued at approximately $1,394,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MO has been the subject of a number of research reports. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. UBS Group increased their price target on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Bank of America cut their target price on Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Finally, Citigroup upped their price objective on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.33.

Altria Group Stock Performance

Altria Group stock opened at $56.73 on Friday. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $56.84. The firm’s 50-day simple moving average is $51.87 and its 200 day simple moving average is $49.69. The stock has a market cap of $96.15 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 3.19 and a beta of 0.64.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 EPS. As a group, analysts predict that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Altria Group Profile

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.