Do Institutional Investors Hate Altria Group Inc (NYSE:MO)?

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Sentiment for Altria Group Inc (NYSE:MO)

Altria Group Inc (NYSE:MO) institutional sentiment decreased to 0.89 in 2019 Q2. Its down -0.07, from 0.96 in 2019Q1. The ratio worsened, as 485 active investment managers opened new or increased positions, while 542 sold and trimmed equity positions in Altria Group Inc. The active investment managers in our partner’s database reported: 1.15 billion shares, down from 1.18 billion shares in 2019Q1. Also, the number of active investment managers holding Altria Group Inc in their top 10 positions decreased from 22 to 10 for a decrease of 12. Sold All: 78 Reduced: 464 Increased: 382 New Position: 103.

Altria Group, Inc., through its subsidiaries, makes and sells cigarettes, smokeless products, and wine in the United States. The company has market cap of $78.61 billion. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen and Skoal, Red Seal, and Husky brands. It has a 12.59 P/E ratio. The firm also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste.

The stock decreased 3.53% or $1.54 during the last trading session, reaching $42.08. About 18.97M shares traded or 102.41% up from the average. Altria Group, Inc. (NYSE:MO) has declined 19.47% since September 13, 2018 and is downtrending. It has underperformed by 19.47% the S&P500.

Analysts await Altria Group, Inc. (NYSE:MO) to report earnings on October, 24. They expect $1.14 EPS, up 5.56 % or $0.06 from last year’s $1.08 per share. MO’s profit will be $2.13 billion for 9.23 P/E if the $1.14 EPS becomes a reality. After $1.10 actual EPS reported by Altria Group, Inc. for the previous quarter, Wall Street now forecasts 3.64 % EPS growth.

Fayez Sarofim & Co holds 3.55% of its portfolio in Altria Group, Inc. for 14.49 million shares. Knoll Capital Management Lp owns 90,000 shares or 3.49% of their US portfolio. Moreover, Rbo & Co Llc has 3.11% invested in the company for 279,938 shares. The United Kingdom-based Dynamic Capital Management Ltd has invested 2.64% in the stock. Independent Franchise Partners Llp, a United Kingdom-based fund reported 5.05 million shares.

Altria Group, Inc. (NYSE:MO) Ratings Coverage

Ratings analysis reveals 60% of Altria Group’s analysts are positive. Out of 5 Wall Street analysts rating Altria Group, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $4400 while the high is $68. The stock’s average target of $58.40 is 38.78% above today’s ($42.08) share price. MO was included in 12 notes of analysts from March 20, 2019. Bank of America maintained Altria Group, Inc. (NYSE:MO) rating on Wednesday, March 20. Bank of America has “Buy” rating and $66 target. The stock of Altria Group, Inc. (NYSE:MO) has “Neutral” rating given on Tuesday, September 10 by Piper Jaffray. RBC Capital Markets maintained the shares of MO in report on Tuesday, March 26 with “Buy” rating. The stock of Altria Group, Inc. (NYSE:MO) earned “Buy” rating by Wells Fargo on Thursday, March 21. Morgan Stanley maintained the stock with “Underweight” rating in Monday, April 15 report. Morgan Stanley maintained the stock with “Underweight” rating in Wednesday, July 31 report. Morgan Stanley upgraded Altria Group, Inc. (NYSE:MO) on Friday, August 23 to “Equal-Weight” rating. The stock has “Underweight” rating by Morgan Stanley on Wednesday, August 7.

More notable recent Altria Group, Inc. (NYSE:MO) news were published by: Finance.Yahoo.com which released: “Morgan Stanley Upgrades Altria On Better Price – Yahoo Finance” on August 23, 2019, also Finance.Yahoo.com with their article: “Altria Group, Inc. (NYSE:MO) Pays A 1.9% In Just 4 – Yahoo Finance” published on September 08, 2019, Seekingalpha.com published: “Altria: Arguing Against Decent Dividend Raise – Seeking Alpha” on August 15, 2019. More interesting news about Altria Group, Inc. (NYSE:MO) were released by: Seekingalpha.com and their article: “Altria: Long-Term Investments Just As Attractive As Current Yield – Seeking Alpha” published on August 31, 2019 as well as Seekingalpha.com‘s news article titled: “Altria: Another 5% Dividend Raise – Seeking Alpha” with publication date: August 27, 2019.

Altria Group, Inc. (NYSE:MO) Ratings Chart

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