Heck Capital Advisors LLC Makes New $421,000 Investment in Altria Group, Inc. (NYSE:MO)

Heck Capital Advisors LLC acquired a new position in shares of Altria Group, Inc. (NYSE:MOFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,052 shares of the company’s stock, valued at approximately $421,000.

Several other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Altria Group by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 59,805,286 shares of the company’s stock worth $3,127,218,000 after buying an additional 2,296,972 shares during the last quarter. Geode Capital Management LLC grew its stake in Altria Group by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 41,938,507 shares of the company’s stock worth $2,193,687,000 after buying an additional 1,134,748 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Altria Group by 0.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 22,273,491 shares of the company’s stock worth $1,164,681,000 after buying an additional 76,004 shares during the last quarter. Northern Trust Corp grew its stake in Altria Group by 9.6% during the fourth quarter. Northern Trust Corp now owns 16,432,535 shares of the company’s stock worth $859,257,000 after buying an additional 1,444,021 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Altria Group by 9.1% during the fourth quarter. Invesco Ltd. now owns 11,801,958 shares of the company’s stock worth $617,124,000 after buying an additional 983,328 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Price Performance

Shares of NYSE MO opened at $59.74 on Monday. The company’s 50 day simple moving average is $58.13 and its 200 day simple moving average is $55.71. Altria Group, Inc. has a fifty-two week low of $43.83 and a fifty-two week high of $61.26. The firm has a market capitalization of $100.63 billion, a P/E ratio of 9.12, a P/E/G ratio of 2.89 and a beta of 0.60.

Altria Group (NYSE:MOGet Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.04. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period in the prior year, the business posted $1.15 earnings per share. Altria Group’s revenue was down 4.2% compared to the same quarter last year. Sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 6.83%. The ex-dividend date is Monday, June 16th. Altria Group’s payout ratio is presently 68.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MO shares. UBS Group upped their target price on shares of Altria Group from $46.00 to $47.00 and gave the stock a “sell” rating in a research report on Wednesday, April 30th. Citigroup upped their target price on shares of Altria Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Morgan Stanley reduced their target price on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Wall Street Zen lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 target price on shares of Altria Group in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.00.

Check Out Our Latest Analysis on Altria Group

About Altria Group

(Free Report)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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