Economy

Wells Fargo & Co Increases Altria Group (MO) Price Target to $85.00

Wells Fargo & Co Increases Altria Group (MO) Price Target to $85.00

Zacks Investment Research upgraded shares of Altria Group (NYSE:MO) from a sell rating to a hold rating in a research note issued to investors on Monday morning. The Kentucky Retirement Systems holds 118,605 shares with $7.52 million value, down from 123,827 last quarter. Altria Group Inc. has $85.0 highest and $58.49 lowest target. The stock decreased 1.01% or $0.71 during the last trading session, reaching $69.58. About 4.74M shares traded.

Shares of Altria Group (NYSE:MO) traded down $0.68 during trading on Tuesday, hitting $69.61. It has underperformed by 4.78% the S&P500.

Ampio Pharmaceuticals, Inc., a development stage biopharmaceutical company, focuses on the development of therapies for the treatment of prevalent inflammatory conditions in the United States. The company has market cap of $144.00 million. The firm is developing ganaxolone, a small molecule, which is in Phase III clinical trials to treat adults with refractory focal onset epileptic seizures; and is in Phase II clinical trials for the treatment of genetic orphan disorders, as well as is in Phase II clinical trial to treat Fragile X Syndrome, an orphan indication. The firm is also developing ganaxolone IV formulation to treat status epilepticus. It closed at $70.29 lastly. CubeSmart (NYSE:CUBE) has declined 19.28% since January 12, 2017 and is downtrending. It has underperformed by 16.70% the S&P500. Jefferies Group set a $72.00 price objective on shares of Altria Group and gave the company a hold rating in a report on Friday, November 17th. Janus Henderson Group PLC now owns 19,831,702 shares of the company's stock valued at $1,476,867,000 after purchasing an additional 19,740,509 shares during the period. Segall Bryant & Hamill Lc has 0.03% invested in Altria Group, Inc. The Manning & Napier Advisors Llc holds 335,130 shares with $8.70M value, down from 350,485 last quarter. Fayez Sarofim & Co, a Texas-based fund reported 15.90 million shares.#img1#.

More news: Wells Fargo & Co Reiterates "Market Perform" Rating for AFLAC (AFL)

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $10.02 million activity. Balentine LLC now owns 1,460 shares of the company's stock worth $109,000 after acquiring an additional 357 shares in the last quarter. Investors of record on Thursday, December 21st were issued a $0.66 dividend. Its down 0.17, from 2.13 in 2017Q2.

A number of hedge funds and other institutional investors have recently bought and sold shares of MO. Capital World Investors raised its stake in Altria Group by 27.6% in the second quarter. Moreover, Plancorp Limited Liability Corp has 0.24% invested in Altria Group, Inc. (NYSE:MO). Intersect Llc reported 0.67% stake. The firm now has a $71.00 price target on the stock, up from their previous price target of $60.01. 37,835 were reported by Kistler. Eubel Brady Suttman Asset Mngmt Incorporated reported 4,205 shares. 192.70 million shares or 7.78% more from 178.80 million shares in 2017Q2 were reported. Vanguard Group Inc. now owns 136,023,361 shares of the company's stock worth $10,129,659,000 after buying an additional 2,690,270 shares in the last quarter. After $0.90 actual earnings per share reported by Altria Group, Inc. for the previous quarter, Wall Street now forecasts -10.00 % negative EPS growth. (NYSE:MO). Orrstown Financial Svcs has invested 0.26% of its portfolio in Altria Group, Inc. Cadence Cap Mgmt Lc holds 0.02% of its portfolio in CubeSmart (NYSE:CUBE) for 12,516 shares. Inc. now owns 5,757 shares of the company's stock valued at $429,000 after acquiring an additional 29 shares during the last quarter. Payden And Rygel owns 463,284 shares or 2.92% of their United States portfolio. Credit Suisse Ag holds 0.24% or 3.97 million shares. Timber Creek Cap Mgmt Ltd Liability Corporation accumulated 1,440 shares. Altria Group's revenue for the quarter was down 1.8% on a year-over-year basis. equities research analysts anticipate that Altria Group will post 3.28 EPS for the current year. Vetr cut shares of Altria Group from a "hold" rating to a "sell" rating and set a $67.97 target price on the stock.in a report on Monday, December 11th. Finally, Wells Fargo & Company reissued an "outperform" rating and issued a $74.00 price target on shares of Altria Group in a report on Wednesday, December 21st. Jefferies maintained the stock with "Hold" rating in Monday, June 5 report. Piper Jaffray maintained the stock with "Buy" rating in Thursday, July 27 report. Altria Group's revenue was down 1.8% on a year-over-year basis. Commonwealth Bank of Australia's holdings in Altria Group were worth $5,643,000 as of its most recent filing with the SEC. (NYSE:MO). Raymond James & Associate has 4.16 million shares. The company reported $0.90 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.87 by $0.03. The rating was downgraded by RBC Capital Markets to "Sector Perform" on Tuesday, November 3. The firm earned "Buy" rating on Monday, June 27 by Stifel Nicolaus. Smith Salley & Assoc has 0.17% invested in Altria Group, Inc.


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