Reaffirmed: Altria Group (NYSE:MO) Hold Rating Maintained by Jefferies; $70 Target in Place

July 17, 2017 - By reb123z

 Reaffirmed: Altria Group (NYSE:MO) Hold Rating Maintained by Jefferies; $70 Target in Place

Investors sentiment increased to 0.99 in 2016 Q4. Its up 0.12, from 0.87 in 2016Q3. It improved, as 54 investors sold Altria Group Inc shares while 525 reduced holdings. 135 funds opened positions while 440 raised stakes. 1.16 billion shares or 1.98% more from 1.14 billion shares in 2016Q3 were reported.

2.76 million were reported by Aqr Cap Ltd Liability Com. Donaldson Cap Ltd Llc holds 0.04% of its portfolio in Altria Group Inc (NYSE:MO) for 4,345 shares. Waters Parkerson Commerce Ltd holds 0.69% or 101,333 shares in its portfolio. Bryn Mawr Trust holds 74,073 shares. Hsbc Public Ltd Co has 2.85 million shares. Goldman Sachs Grp Inc Inc has invested 0.16% in Altria Group Inc (NYSE:MO). 43,013 were reported by Wealthtrust Fairport Lc. First Business Fincl Service accumulated 6,753 shares. Patten Patten Tn reported 0.93% of its portfolio in Altria Group Inc (NYSE:MO). Taurus Asset Management Limited Company holds 124,085 shares or 1.52% of its portfolio. Trustco Commercial Bank N Y holds 0.32% or 4,836 shares in its portfolio. Teachers Retirement Of The State Of Kentucky holds 0.61% or 711,084 shares in its portfolio. North Star Asset Management stated it has 0.39% of its portfolio in Altria Group Inc (NYSE:MO). Manufacturers Life Insur The has invested 0.31% in Altria Group Inc (NYSE:MO). Stock Yards Bank & Tru has 0.55% invested in Altria Group Inc (NYSE:MO) for 61,889 shares.

Since May 8, 2017, it had 0 insider purchases, and 2 selling transactions for $664,775 activity. The insider DEVITRE DINYAR S sold 4,285 shares worth $303,050. MUNOZ GEORGE sold $361,725 worth of stock or 5,000 shares.

Altria Group (NYSE:MO) Rating Reaffirmed

The financial company has just set a target of $70 on Altria Group (NYSE:MO) shares. This is -4.49 % from the last close price. In analysts note revealed to investors and clients on 17 July, Jefferies reconfirmed their Hold rating on shares of MO.

Investors sentiment increased to 0.99 in 2016 Q4. Its up 0.12, from 0.87 in 2016Q3. It improved, as 54 investors sold Altria Group Inc shares while 525 reduced holdings. 135 funds opened positions while 440 raised stakes. 1.16 billion shares or 1.98% more from 1.14 billion shares in 2016Q3 were reported.

2.76 million were reported by Aqr Cap Ltd Liability Com. Donaldson Cap Ltd Llc holds 0.04% of its portfolio in Altria Group Inc (NYSE:MO) for 4,345 shares. Waters Parkerson Commerce Ltd holds 0.69% or 101,333 shares in its portfolio. Bryn Mawr Trust holds 74,073 shares. Hsbc Public Ltd Co has 2.85 million shares. Goldman Sachs Grp Inc Inc has invested 0.16% in Altria Group Inc (NYSE:MO). 43,013 were reported by Wealthtrust Fairport Lc. First Business Fincl Service accumulated 6,753 shares. Patten Patten Tn reported 0.93% of its portfolio in Altria Group Inc (NYSE:MO). Taurus Asset Management Limited Company holds 124,085 shares or 1.52% of its portfolio. Trustco Commercial Bank N Y holds 0.32% or 4,836 shares in its portfolio. Teachers Retirement Of The State Of Kentucky holds 0.61% or 711,084 shares in its portfolio. North Star Asset Management stated it has 0.39% of its portfolio in Altria Group Inc (NYSE:MO). Manufacturers Life Insur The has invested 0.31% in Altria Group Inc (NYSE:MO). Stock Yards Bank & Tru has 0.55% invested in Altria Group Inc (NYSE:MO) for 61,889 shares.

Since May 8, 2017, it had 0 insider purchases, and 2 selling transactions for $664,775 activity. The insider DEVITRE DINYAR S sold 4,285 shares worth $303,050. MUNOZ GEORGE sold $361,725 worth of stock or 5,000 shares.

Altria Group Inc (NYSE:MO) Ratings Coverage

Among 16 analysts covering Altria Group Inc. (NYSE:MO), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. Altria Group Inc. has $76 highest and $58.49 lowest target. $67.58’s average target is -7.79% below currents $73.29 stock price. Altria Group Inc. had 27 analyst reports since July 31, 2015 according to SRatingsIntel. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Tuesday, November 3 report. On Tuesday, June 14 the stock rating was initiated by Berenberg with “Buy”. The rating was upgraded by Bank of America to “Buy” on Wednesday, January 4. The rating was maintained by RBC Capital Markets on Monday, May 29 with “Sell”. Bank of America downgraded the shares of MO in report on Thursday, March 24 to “Neutral” rating. The firm has “Neutral” rating given on Friday, February 26 by UBS. On Friday, February 3 the stock rating was downgraded by Berenberg to “Hold”. The firm earned “Buy” rating on Monday, June 27 by Stifel Nicolaus. The stock of Altria Group Inc (NYSE:MO) earned “Hold” rating by Jefferies on Monday, June 5. The stock of Altria Group Inc (NYSE:MO) earned “Sell” rating by RBC Capital Markets on Friday, June 30.

About 2.06 million shares traded. Altria Group Inc (NYSE:MO) has risen 11.92% since July 17, 2016 and is uptrending. It has underperformed by 4.78% the S&P500.

Analysts expect Altria Group Inc (NYSE:MO) to report $0.87 EPS on July, 26.They anticipate $0.06 EPS change or 7.41 % from last quarter’s $0.81 EPS. MO’s profit would be $1.69 billion giving it 21.06 P/E if the $0.87 EPS is correct. After having $0.73 EPS previously, Altria Group Inc’s analysts see 19.18 % EPS growth.

Altria Group, Inc. is a holding company. The company has market cap of $142.44 billion. The Company’s divisions include smokeable products, smokeless products and wine. It has a 9.91 P/E ratio. The Company’s subsidiaries include Philip Morris USA Inc. , 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 cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.

More notable recent Altria Group Inc (NYSE:MO) news were published by: Nasdaq.com which released: “Altria Group Reaches Analyst Target Price” on July 13, 2017, also Seekingalpha.com with their article: “Altria: Perfectly Positioning Itself” published on July 10, 2017, Fool.com published: “Better Buy: Altria Group Inc. vs. Coca-Cola” on July 05, 2017. More interesting news about Altria Group Inc (NYSE:MO) were released by: Seekingalpha.com and their article: “Altria: One Less Thing To Fear” published on June 20, 2017 as well as Fool.com‘s news article titled: “How Altria Group Inc. Has Changed in the Past Two Years” with publication date: July 14, 2017.

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