Altria Group (NYSE:MO) had its target price upped by equities research analysts at Wells Fargo & Co from $80.00 to $85.00 in a research report issued on Thursday, January 4th. The brokerage currently has an “outperform” rating on the stock. Wells Fargo & Co’s price objective would suggest a potential upside of 22.09% from the company’s current price.

Other research analysts have also issued reports about the company. Berenberg Bank reissued a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. Vetr lowered Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 target price for the company. in a research report on Monday, October 30th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $62.00 target price on shares of Altria Group in a research report on Tuesday, October 3rd. Cowen raised Altria Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $64.00 to $71.00 in a research report on Tuesday, September 26th. Finally, Zacks Investment Research raised Altria Group from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $72.88.

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Altria Group (NYSE:MO) traded down $0.21 during mid-day trading on Thursday, hitting $69.62. The stock had a trading volume of 1,044,561 shares, compared to its average volume of 6,742,945. Altria Group has a 1 year low of $60.01 and a 1 year high of $77.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.48 and a current ratio of 0.77. The company has a market cap of $132,770.00, a price-to-earnings ratio of 8.70, a PEG ratio of 2.32 and a beta of 0.62.

A number of institutional investors and hedge funds have recently modified their holdings of MO. Comerica Securities Inc. increased its holdings in Altria Group by 198.7% during the 1st quarter. Comerica Securities Inc. now owns 29,403 shares of the company’s stock worth $2,100,000 after purchasing an additional 19,558 shares in the last quarter. Verity Asset Management Inc. bought a new stake in Altria Group during the 1st quarter worth approximately $251,000. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in shares of Altria Group in the 1st quarter worth approximately $1,078,000. Paloma Partners Management Co boosted its stake in shares of Altria Group by 737.7% in the 1st quarter. Paloma Partners Management Co now owns 154,140 shares of the company’s stock worth $11,009,000 after buying an additional 135,740 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its stake in shares of Altria Group by 514.8% in the 1st quarter. Edgestream Partners L.P. now owns 117,438 shares of the company’s stock worth $8,387,000 after buying an additional 98,337 shares during the last quarter. 62.95% of the stock is owned by hedge funds and other institutional investors.

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Altria Group Company Profile

Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), 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.

Analyst Recommendations for Altria Group (NYSE:MO)

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