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

Altria Group Inc

Altria Group Inc

Comerica Bank lowered its stake in Altria Group (NYSE:MO) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. They now have a $76.00 price target on the stock.

The following firms have recently changed their position in MO.

On October 3 Royal Bank Of Canada left the company rating at "Hold" targeting a price of $62.00.

Altria Group, Inc.is a holding company.

Among 4 analysts covering Storm Resources Ltd (TSE:SRX), 2 have Buy rating, 0 Sell and 2 Hold. Piper Jaffray maintained the stock with "Buy" rating in Thursday, September 14 report.

Shares of Altria Group (MO) traded up $0.51 during midday trading on Monday, hitting $65.02. The stock has a market cap of $125,430.00, a PE ratio of 20.58, a price-to-earnings-growth ratio of 2.66 and a beta of 0.60. Altria Group has a twelve month low of $60.01 and a twelve month 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.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.87 by $0.03. The business had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $5.11 billion. Altria Group had a net margin of 60.37% and a return on equity of 49.43%. The business's quarterly revenue was up 4.3% compared to the same quarter previous year. Perigon Wealth Management LLC increased its holdings in Altria Group by 4.7% in the first quarter.

COPYRIGHT VIOLATION NOTICE: This report was published by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and global copyright laws. The legal version of this report can be read at https://weekherald.com/2017/11/15/piper-jaffray-companies-reaffirms-buy-rating-for-altria-group-mo.html. Proficio Capital Partners LLC now owns 1,664 shares of the company's stock valued at $121,000 after purchasing an additional 821 shares during the last quarter. During the same period last year, the company earned $0.82 EPS. research analysts forecast that Altria Group will post 3.28 earnings per share for the current year. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued. This buyback authorization allows the company to repurchase up to 0.7% of its shares through open market purchases. The shares were sold at an average price of $61.22, for a total value of $1,959,040.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional investors have recently modified their holdings of the company. Risk Paradigm Group, LLC grew its ownership by buying 200 shares an increase of 11.7% as of 09/30/2017. Corporate insiders own 0.11% of the company's stock. Neville Rodie Shaw Inc stated it has 0.2% of its portfolio in Altria Group Inc (NYSE:MO). Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 244,398 shares of the company's stock valued at $18,149,000 after purchasing an additional 152,121 shares during the last quarter.

Legal & General Group Plc, which manages about $123.77B US Long portfolio, decreased its stake in Bank N S Halifax (NYSE:BNS) by 172,981 shares to 5.43 million shares, valued at $312.02 million in 2017Q2, according to the filing. Inr Advisory Ser Ltd invested 0.02% of its portfolio in Altria Group Inc (NYSE:MO). Solaris Asset Management LLC now owns 1,405 shares of the company's stock valued at $105,000 after purchasing an additional 557 shares during the last quarter. Round Table Services LLC boosted its position in Altria Group by 0.8% in the third quarter. The value of the investment in (MO) decreased from $16,691,000 to $14,522,000 decreasing 13.0% since the last quarter. Gemmer Asset Management Limited Liability Company stated it has 0.08% in Altria Group Inc (NYSE:MO). 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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