What’s Ahead for Altria Group Inc After Today’s Bullish Options Activity?

 What's Ahead for Altria Group Inc After Today's Bullish Options Activity?

In today’s session Altria Group Inc (MO) registered an unusually high (5,114) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious MO increase. With 5,114 contracts traded and 70644 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: MO170317C00070000 closed last at: $0.6 or 0% . About 1.80M shares traded hands. Altria Group Inc (NYSE:MO) has risen 6.21% since March 29, 2016 and is uptrending. It has outperformed by 2.73% the S&P500.

Analysts await Altria Group Inc (NYSE:MO) to report earnings on November, 3. They expect $0.81 EPS, up 8.00% or $0.06 from last year’s $0.75 per share. MO’s profit will be $1.62 billion for 20.39 P/E if the $0.81 EPS becomes a reality. After $0.81 actual EPS reported by Altria Group Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Altria Group Inc (NYSE:MO) Ratings Coverage

Out of 13 analysts covering Altria Group Inc. (NYSE:MO), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. $72 is the highest target while $58.49 is the lowest. The $65.72 average target is -0.50% below today’s ($66.05) stock price. Altria Group Inc. has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Friday, October 30 by Cowen & Co. The firm has “Buy” rating by Berenberg given on Tuesday, June 14. The stock has “Buy” rating given by Argus Research on Monday, May 9. As per Thursday, March 24, the company rating was downgraded by Bank of America. The rating was downgraded by Credit Agricole on Thursday, July 30 to “Outperform”. Vetr upgraded Altria Group Inc (NYSE:MO) on Wednesday, September 2 to “Strong-Buy” rating. The firm has “Hold” rating by Jefferies given on Wednesday, September 21. The firm earned “Neutral” rating on Friday, February 26 by UBS. The rating was downgraded by RBC Capital Markets on Tuesday, November 3 to “Sector Perform”. Stifel Nicolaus maintained it with “Buy” rating and $71 target price in Monday, June 27 report.

According to Zacks Investment Research, “Altria Group is the parent company of Philip Morris USA, U.S. Smokeless Tobacco Company, John Middleton, Ste. Michelle Wine Estates and Philip Morris Capital Corporation. Their tobacco company brand portfolios consist of successful and well-known brand names such as Marlboro, Copenhagen, Skoal and Black & Mild.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.17, from 1.1 in 2016Q1. The ratio dived, as 40 funds sold all Altria Group Inc shares owned while 519 reduced positions. 68 funds bought stakes while 454 increased positions. They now own 1.16 billion shares or 3.01% less from 1.20 billion shares in 2016Q1.
Westover Advisors Ltd last reported 8,364 shares in the company. Polaris Greystone Finance Gru Lc has 4,551 shares for 0.05% of their US portfolio. Cetera Advisors Ltd Liability last reported 0.32% of its portfolio in the stock. Wall Street Access Asset Management Ltd Liability Corp accumulated 5,750 shares or 0.24% of the stock. Bank & Trust Of Nova Scotia owns 39,228 shares or 0.02% of their US portfolio. Advsr Preferred Limited Liability Corp last reported 200 shares in the company. Reaves W H accumulated 18,550 shares or 0.04% of the stock. Invsts Cap Advisory holds 73,656 shares or 0.97% of its portfolio. Legacy Capital Prtn last reported 29,705 shares in the company. Albert D Mason reported 14,725 shares or 0.59% of all its holdings. Orca Inv Lc has 21,009 shares for 1.42% of their US portfolio. The Alabama-based Andra Ap has invested 0.38% in Altria Group Inc (NYSE:MO). Airain reported 180,655 shares or 0.72% of all its holdings. Blair William & Com Il accumulated 221,605 shares or 0.14% of the stock. Stonebridge Advsr Lc holds 3,880 shares or 0.09% of its portfolio.

Insider Transactions: Since May 9, 2016, the stock had 1 buy, and 4 sales for $2.06 million net activity. Another trade for 4,000 shares valued at $252,800 was made by Sakkab Nabil Y on Friday, May 20. On Wednesday, August 3 the insider Dillard James E III sold $600,129. On Friday, May 20 the insider MUNOZ GEORGE sold $790,087. On Thursday, August 4 the insider Whitaker Charles N. sold $731,861. Another trade for 3,000 shares valued at $190,993 was made by Quigley Brian W. on Monday, May 9.

Altria Group, Inc. is a holding company. The company has a market cap of $131.72 billion. The Company’s subsidiaries include Philip Morris USA Inc. , 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. It has a 24.82 P/E ratio. Smokeless Tobacco Company LLC (USSTC) and Ste.

MO Company Profile

Altria Group, Inc., incorporated on August 27, 2009, is a holding company. 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. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless tobacco products and wine. The Company’s other operating companies include Nu Mark LLC (Nu Mark), a subsidiary that is engaged in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a subsidiary that maintains a portfolio of finance assets, substantially all of which are leveraged leases. Other subsidiaries include Altria Group Distribution Company, which provides sales, distribution and consumer engagement services to certain its operating subsidiaries, and Altria Client Services LLC, which provides various support services in areas, such as legal, regulatory, finance, human resources and external affairs, to the Company and its subsidiaries. The Company’s financial services business (conducted through PMCC) holds investments in finance leases, principally in transportation (including aircraft), power generation and manufacturing equipment and facilities.

More notable recent Altria Group Inc (NYSE:MO) news were published by: Marketwatch.com which released: “Tobacco manufacturer Altria Group reports Q3 earnings above expectations” on October 27, 2016, also Wsj.com with their article: “Altria Results Narrowly Top Views” published on October 27, 2016, Fool.com published: “Better Buy: Altria Group Inc. vs. Reynolds American” on October 03, 2016. More interesting news about Altria Group Inc (NYSE:MO) were released by: Forbes.com and their article: “December 2nd Options Now Available For Altria Group (MO)” published on October 13, 2016 as well as Fool.com‘s news article titled: “Altria Group Is Aiming High as Earnings Loom” with publication date: October 24, 2016.

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