Altria Group (NYSE:MO).
Agf Investments Inc. reports that it raised its investment in Altria Group by 0.5% in a 13F filing with the SEC. Its investment was valued at $140,271,000 a decrease of $23,620,000 as of the end of the quarter.
Here are some institutional investors who have increased or decreased their stake in (MO). As of quarter end Baird Financial Group, Inc. had bought a total of 13,615 shares growing its stake by 5.7%. The value in dollars went from $17,677,000 to $15,918,000 decreasing 10.0% quarter over quarter. RBO & CO LLC expanded its stake by buying 9,130 shares an increase of 3.7% as of 09/30/2017. RBO & CO LLC currently owns 256,377 shares valued at $16,259,000. The value of the position overall is down by 11.7%.
Hosking Partners Llp grew its position by buying 1,894 shares an increase of 0.7% in the quarter. Hosking Partners Llp now holds 283,365 shares with a value of $17,971,000. The total value of its holdings decreased 14.3%.
On October 31, 2017 Berenberg Bank kept a “Hold” rating on the company.
Equity analyst Citigroup lowered the price target on October 30 changing the forecast from $80.00 to $75.00 and issued a “Buy” rating. On October 27 Piper Jaffray Companies made no change to the company rating of “Buy” projecting a price of $76.00.
October 3 investment analysts at Royal Bank Of Canada left the company rating at “Hold” with a current price target of $62.00.
The company is trading down since yesterday’s close of 65.73. The P/E ratio is currently 8.19 and the market cap of the company is 124.89B. In the last earnings report the EPS was $8.00 with 1.91B shares presently outstanding.
Investors are a little more bullish on shares of Altria Group recently if you take into consideration the downtick in short interest. The company realized a fall in short interest between October 13, 2017 and October 31, 2017 of -18.02%. Short interest decreased from 14,408,476 to 11,812,027 over that period. Days to cover decreased from 2.0 to 2.0 and the percentage of shorted shares was 0.01% on October 31.