Altria Group (NYSE:MO – Get Rating) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Several other research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Altria Group from $60.00 to $46.00 and set a "buy" rating for the company in a research report on Friday, July 1st. Morgan Stanley raised shares of Altria Group from an "underweight" rating to an "equal weight" rating and lowered their target price for the company from $47.00 to $43.00 in a research note on Friday, June 24th. Cowen dropped their price objective on Altria Group from $56.00 to $45.00 and set a "market perform" rating on the stock in a research note on Monday, June 27th. Barclays downgraded shares of Altria Group from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $53.00 to $36.00 in a report on Wednesday, June 29th. Finally, Bank of America reduced their target price on Altria Group from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Friday, July 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $47.00.

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Altria Group Price Performance

Shares of NYSE MO opened at $44.10 on Friday. Altria Group has a 12 month low of $41.00 and a 12 month high of $57.05. The company has a 50-day simple moving average of $45.15 and a 200-day simple moving average of $49.97. The company has a market cap of $79.42 billion, a PE ratio of 45.46, a price-to-earnings-growth ratio of 2.28 and a beta of 0.62.

Altria Group (NYSE:MO – Get Rating) last issued its earnings results on Thursday, July 28th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.01. Altria Group had a negative return on equity of 488.86% and a net margin of 6.88%. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the company posted $1.23 EPS. The business's quarterly revenue was down 4.3% on a year-over-year basis. On average, analysts anticipate that Altria Group will post 4.86 EPS for the current year.

Hedge Funds Weigh In On Altria Group

A number of large investors have recently modified their holdings of MO. Loomis Sayles & Co. L P acquired a new stake in Altria Group during the first quarter worth approximately $25,000. Bromfield Sneider Wealth Advisors acquired a new position in shares of Altria Group during the first quarter worth $27,000. DB Wealth Management Group LLC boosted its holdings in shares of Altria Group by 286.2% during the 1st quarter. DB Wealth Management Group LLC now owns 587 shares of the company's stock valued at $31,000 after acquiring an additional 435 shares in the last quarter. Reitz Capital Advisors LLC bought a new stake in Altria Group during the 1st quarter worth $31,000. Finally, Rinkey Investments bought a new stake in shares of Altria Group during the fourth quarter worth about $30,000. 59.05% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Company Profile

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Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.

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