Personal CFO Solutions LLC lifted its position in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 14.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,201 shares of the company’s stock after buying an additional 2,558 shares during the quarter. Personal CFO Solutions LLC’s holdings in Altria Group were worth $915,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MO. Loomis Sayles & Co. L P acquired a new position in shares of Altria Group in the first quarter worth $25,000. Northwest Bank & Trust Co acquired a new position in Altria Group in the 2nd quarter valued at about $27,000. Ellevest Inc. lifted its holdings in Altria Group by 346.7% in the 1st quarter. Ellevest Inc. now owns 670 shares of the company’s stock valued at $30,000 after purchasing an additional 520 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Altria Group during the 4th quarter worth about $34,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Altria Group during the first quarter worth about $35,000. 58.94% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MO has been the topic of several recent analyst reports. StockNews.com downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Jefferies Financial Group raised their price objective on Altria Group from $55.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Citigroup dropped their target price on Altria Group from $46.50 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, October 18th. UBS Group lowered their price target on Altria Group from $40.40 to $39.20 and set a “sell” rating for the company in a report on Friday, October 6th. Finally, Bank of America cut their price objective on shares of Altria Group from $49.00 to $47.00 in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $47.53.
Altria Group Price Performance
Shares of NYSE:MO opened at $40.82 on Friday. The firm has a market capitalization of $72.20 billion, a PE ratio of 8.31, a P/E/G ratio of 2.71 and a beta of 0.65. Altria Group, Inc. has a 12 month low of $39.06 and a 12 month high of $51.57. The business has a 50-day moving average of $41.87 and a two-hundred day moving average of $43.74.
Altria Group (NYSE:MO – Get Free Report) last posted its quarterly earnings results on Thursday, October 26th. The company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.01). Altria Group had a net margin of 35.58% and a negative return on equity of 237.91%. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.43 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The company’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, research analysts anticipate that Altria Group, Inc. will post 4.95 earnings per share for the current year.
Altria Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Friday, September 15th were issued a $0.98 dividend. This is an increase from Altria Group’s previous quarterly dividend of $0.94. This represents a $3.92 annualized dividend and a yield of 9.60%. The ex-dividend date was Thursday, September 14th. Altria Group’s dividend payout ratio is currently 79.84%.
Insider Buying and Selling at Altria Group
In related news, Director Robert Matthews Davis bought 1,200 shares of the stock in a transaction dated Monday, November 6th. The stock was acquired at an average price of $40.50 per share, for a total transaction of $48,600.00. Following the completion of the purchase, the director now owns 8,473 shares in the company, valued at $343,156.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.07% of the stock is currently owned by corporate insiders.
Altria Group Profile
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.
- Five stocks we like better than Altria Group
- 3 REITs to Buy and Hold for the Long Term
- S&P 500’s Whirlwind: Big gains, warning whispers & tactical moves
- Stock Sentiment Analysis: How it Works
- MarketBeat Week in Review – 11/13 – 11/17
- What Are Dividend Champions? How to Invest in the Champions
- 3 large caps with red hot RSIs with upside
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.