Nicolet Advisory Services LLC Sells 701 Shares of Altria Group, Inc. (NYSE:MO)

by · The Markets Daily

Nicolet Advisory Services LLC lessened its stake in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 4.7% during the third quarter, HoldingsChannel.com reports. The fund owned 14,169 shares of the company’s stock after selling 701 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Altria Group were worth $708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in MO. Aviance Capital Partners LLC lifted its position in Altria Group by 0.5% during the third quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock valued at $2,060,000 after purchasing an additional 191 shares during the period. Delta Investment Management LLC raised its stake in Altria Group by 2.9% during the 2nd quarter. Delta Investment Management LLC now owns 7,064 shares of the company’s stock valued at $322,000 after buying an additional 198 shares during the last quarter. Scarborough Advisors LLC lifted its holdings in shares of Altria Group by 18.5% during the 2nd quarter. Scarborough Advisors LLC now owns 1,283 shares of the company’s stock valued at $58,000 after buying an additional 200 shares during the period. American Institute for Advanced Investment Management LLP lifted its holdings in shares of Altria Group by 3.5% during the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock valued at $299,000 after buying an additional 200 shares during the period. Finally, Ridgecrest Wealth Partners LLC boosted its stake in shares of Altria Group by 3.5% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock worth $299,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MO. Citigroup upped their price objective on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. UBS Group upped their price target on shares of Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research report on Monday, September 9th. Bank of America dropped their price objective on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Stifel Nicolaus boosted their target price on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.33.

View Our Latest Research Report on Altria Group

Altria Group Trading Up 1.2 %

NYSE MO opened at $56.73 on Friday. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $56.84. The stock has a market cap of $96.15 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 3.19 and a beta of 0.64. The company’s 50 day moving average is $51.87 and its two-hundred day moving average is $49.69.

Altria Group (NYSE:MO – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same period last year, the firm earned $1.28 EPS. The company’s revenue was up 18.6% on a year-over-year basis. Sell-side analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group, Inc. (NYSE:MO – Free Report).