Piper Jaffray Companies Reiterates Buy Rating for Altria Group (MO)

Altria Group Inc

Altria Group Inc

Teacher Retirement Of Texas reported 0.91% in Altria Group Inc (NYSE:MO). The fund owned 12,559 shares of the company's stock after selling 1,920 shares during the quarter.

Investors are a little more bullish on shares of the company of late at least if you consider the downtick in short interest.

Here are some institutional investors who have increased or decreased their stake in (MO). After $0.90 actual EPS reported by Altria Group Inc for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth. Stillwater Investment Management LLC now owns 4,213 shares of the company's stock worth $266,000 after buying an additional 30 shares in the last quarter. Community Bank N.A. lifted its stake in Altria Group by 22.6% in the second quarter.

As of the end of the quarter Amalgamated Bank had acquired 4,856 shares growing its stake by 2.2%. Legal & General Group Plc lifted its stake in Altria Group by 2.7% in the second quarter. The value of the investment in (MO) decreased from $16,691,000 to $14,522,000 decreasing 13.0% since the last quarter. Risk Paradigm Group, LLC grew its ownership by buying 200 shares an increase of 11.7% as of 09/30/2017. Perigon Wealth Management LLC now owns 1,641 shares of the company's stock valued at $118,000 after purchasing an additional 74 shares during the last quarter. Tarbox Group Inc. now owns 5,558 shares of the company's stock worth $383,000 after buying an additional 15 shares in the last quarter. Company insiders own 0.15% of the company's stock.

A number of research analysts recently commented on the company. Equities research analysts predict that Altria Group will post $3.03 EPS for the current year.

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Equity analyst Citigroup lowered the price target on October 30 cutting the projection from $80.00 to $75.00 and issued a "Buy" rating. Finally, Proficio Capital Partners LLC increased its holdings in Altria Group by 97.4% in the first quarter. Finally, Piper Jaffray Companies set a $76.00 price objective on shares of Altria Group and gave the company a "buy" rating in a report on Thursday, July 27th. (NYSE:MO), 13 have Buy rating, 0 Sell and 6 Hold. RBC Capital Markets maintained it with "Hold" rating and $62.0 target in Friday, September 1 report. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another domain, it was copied illegally and republished in violation of USA and global copyright legislation. Schwab Charles Investment Management Inc. raised its position in shares of Altria Group by 3.8% during the second quarter. Pioneer Tru National Bank & Trust N A Or holds 0.36% of its portfolio in Altria Group Inc (NYSE:MO) for 8,764 shares. The stock had a trading volume of 4,998,200 shares, compared to its average volume of 6,786,148. 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's P/E ratio is 8.23 and market cap is 125.64B. Altria Group has a twelve month low of $60.01 and a twelve month high of $77.79.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 26th. The firm had revenue of $5.10 billion during the quarter, compared to analysts' expectations of $5.22 billion. The firm's quarterly revenue was down 1.8% on a year-over-year basis. Summit Grp Incorporated Limited Company invested in 0.04% or 2,700 shares.

Altria Group announced that its Board of Directors has initiated a stock repurchase program on Thursday, July 27th that authorizes the company to repurchase $1.00 billion in outstanding shares.

In other news, Director Dinyar S. Devitre sold 32,000 shares of Altria Group stock in a transaction on Thursday, September 21st. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued. Berkshire Asset Mgmt Limited Liability Company Pa holds 0.4% of its portfolio in Altria Group Inc (NYSE:MO) for 47,609 shares. 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 large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S.

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