Radnor Capital Management LLC raised its holdings in Altria Group, Inc. (NYSE:MO – Free Report) by 21.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,903 shares of the company’s stock after buying an additional 4,100 shares during the period. Radnor Capital Management LLC’s holdings in Altria Group were worth $1,038,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FinTrust Capital Advisors LLC increased its stake in shares of Altria Group by 0.8% during the fourth quarter. FinTrust Capital Advisors LLC now owns 26,693 shares of the company’s stock worth $1,220,000 after purchasing an additional 212 shares during the period. Jacobi Capital Management LLC increased its stake in shares of Altria Group by 1.1% in the 1st quarter. Jacobi Capital Management LLC now owns 19,984 shares of the company’s stock valued at $892,000 after purchasing an additional 223 shares during the last quarter. Core Wealth Advisors Inc. increased its stake in shares of Altria Group by 23.2% in the 1st quarter. Core Wealth Advisors Inc. now owns 1,190 shares of the company’s stock valued at $53,000 after purchasing an additional 224 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Altria Group by 11.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,113 shares of the company’s stock valued at $97,000 after purchasing an additional 225 shares during the last quarter. Finally, Trustco Bank Corp N Y increased its stake in shares of Altria Group by 3.7% in the 1st quarter. Trustco Bank Corp N Y now owns 6,364 shares of the company’s stock valued at $284,000 after purchasing an additional 225 shares during the last quarter. Institutional investors own 58.94% of the company’s stock.
Analyst Ratings Changes
Several research firms recently weighed in on MO. Jefferies Financial Group cut their price objective on Altria Group from $56.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. StockNews.com began coverage on Altria Group in a report on Thursday, August 17th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $47.50.
Altria Group Stock Down 0.6 %
Shares of NYSE MO traded down $0.25 on Friday, reaching $43.85. 3,311,762 shares of the company’s stock traded hands, compared to its average volume of 7,688,393. Altria Group, Inc. has a 12 month low of $40.35 and a 12 month high of $51.57. The business’s 50 day simple moving average is $44.46 and its two-hundred day simple moving average is $45.09. The company has a market cap of $77.82 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 2.39 and a beta of 0.59.
Altria Group (NYSE:MO – Get Free Report) last posted its earnings results on Tuesday, August 1st. The company reported $1.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.31. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.43 billion. Altria Group had a net margin of 27.40% and a negative return on equity of 225.61%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 EPS. Analysts forecast that Altria Group, Inc. will post 5 earnings per share for the current fiscal year.
Altria Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 8.94%. This is an increase from Altria Group’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, September 14th. Altria Group’s dividend payout ratio (DPR) is presently 98.69%.
About Altria Group
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches.
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