StockNews.com began coverage on shares of Altria Group (NYSE:MO – Free Report) in a report published on Thursday morning. The firm issued a buy rating on the stock.

Altria Group Stock Down 0.5 %

Shares of NYSE:MO traded down $0.23 on Thursday, hitting $42.68. 1,426,266 shares of the company traded hands, compared to its average volume of 7,687,662. Altria Group has a 52 week low of $40.35 and a 52 week high of $51.57. The stock has a 50 day simple moving average of $44.73 and a 200-day simple moving average of $45.49. The company has a market cap of $75.74 billion, a PE ratio of 11.26, a PEG ratio of 2.29 and a beta of 0.59.

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Altria Group (NYSE:MO – Get Free Report) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.31 EPS for the quarter, hitting the consensus estimate of $1.31. Altria Group had a negative return on equity of 225.61% and a net margin of 27.40%. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period last year, the company earned $1.26 EPS. Altria Group’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Altria Group will post 4.99 earnings per share for the current year.

Institutional Inflows and Outflows

Altria Group Company Profile

Several institutional investors and hedge funds have recently bought and sold shares of the company. Elevated Capital Advisors LLC boosted its position in Altria Group by 1.4% in the second quarter. Elevated Capital Advisors LLC now owns 35,280 shares of the company’s stock worth $1,598,000 after purchasing an additional 482 shares during the last quarter. Coombe Bender & Co LLC lifted its position in shares of Altria Group by 4.8% during the 2nd quarter. Coombe Bender & Co LLC now owns 25,357 shares of the company’s stock valued at $1,149,000 after buying an additional 1,156 shares in the last quarter. Vicus Capital lifted its position in shares of Altria Group by 5.5% during the 2nd quarter. Vicus Capital now owns 5,125 shares of the company’s stock valued at $232,000 after buying an additional 265 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Altria Group by 615.6% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 195,145 shares of the company’s stock valued at $8,840,000 after buying an additional 167,875 shares in the last quarter. Finally, Coppell Advisory Solutions LLC bought a new stake in Altria Group during the 2nd quarter valued at approximately $136,000. 58.38% of the stock is owned by hedge funds and other institutional investors.

(Get Free Report)

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; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches.

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