Citigroup Initiates Coverage on Altria Group Inc to Buy

Citigroup Initiates Coverage on Altria Group Inc(NYSE:MO). The shares have been rated Buy. The rating by Citigroup was issued on Sep 12, 2016.

In a different note, On Jul 28, 2016, UBS said it Maintains its rating on Altria Group Inc. In the research note, the firm Raises the price-target to $68.00 per share. The shares have been rated ‘Neutral’ by the firm.

Altria Group Inc (MO) made into the market gainers list on Tuesdays trading session with the shares advancing 0.40% or 0.25 points. Due to strong positive momentum, the stock ended at $62.97, which is also near the day’s high of $63.215. The stock began the session at $62.8 and the volume stood at 41,37,479 shares. The 52-week high of the shares is $70.145 and the 52 week low is $53.68. The company has a current market capitalization of $123,034 M and it has 1,95,38,54,600 shares in outstanding.

Altria Group Inc(MO) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $4.88B. Analysts had an estimated revenue of $5.01B. Earnings per share were $0.81. Analysts had estimated an EPS of $0.80.

Several Insider Transactions has been reported to the SEC. On Aug 8, 2016, Charles N. Whitaker (SVP HR Compliance InfoSvcs&CCO) sold 11,000 shares at $66.53 per share price.Also, On Aug 5, 2016, James E Iii Dillard (SVP, Research, Dev. & RegAffrs) sold 9,000 shares at $66.68 per share price.On May 24, 2016, George Munoz (director) sold 12,571 shares at $62.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Altria Group Inc. is a holding company. The Company’s reportable segments include smokeable products smokeless products and wine. As of December 31 2014 Altria Group Inc.’s wholly owned subsidiaries included 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 is a wholly owned subsidiary of PM USA and UST LLC (UST) which through its wholly owned subsidiaries including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle) is engaged in the manufacture and sale of smokeless products and wine.

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