Altria Group, Inc. (NYSE:MO) Shares Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC increased its position in shares of Altria Group, Inc. (NYSE:MO) by 52.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,154 shares of the company’s stock after purchasing an additional 2,118 shares during the period. Signal Advisors Wealth LLC’s holdings in Altria Group were worth $369,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Csenge Advisory Group boosted its stake in shares of Altria Group by 29.1% during the 4th quarter. Csenge Advisory Group now owns 54,684 shares of the company’s stock worth $2,859,000 after acquiring an additional 12,320 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Altria Group by 27.6% during the 4th quarter. Truist Financial Corp now owns 2,418,074 shares of the company’s stock valued at $126,441,000 after acquiring an additional 523,146 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Altria Group by 1.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,414,856 shares of the company’s stock worth $178,563,000 after acquiring an additional 39,341 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Altria Group by 40.2% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 70,826 shares of the company’s stock worth $3,703,000 after acquiring an additional 20,309 shares in the last quarter. Finally, First Merchants Corp boosted its position in Altria Group by 56.1% during the fourth quarter. First Merchants Corp now owns 27,983 shares of the company’s stock valued at $1,463,000 after purchasing an additional 10,058 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Performance

Altria Group stock opened at $59.25 on Friday. Altria Group, Inc. has a 52 week low of $43.83 and a 52 week high of $61.26. The firm has a market capitalization of $99.80 billion, a PE ratio of 9.05, a PEG ratio of 2.89 and a beta of 0.60. The business’s 50-day simple moving average is $58.45 and its 200-day simple moving average is $56.02.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.19 by $0.04. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the previous year, the business posted $1.15 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.08 annualized dividend and a dividend yield of 6.89%. Altria Group’s payout ratio is 68.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MO shares. Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a research note on Tuesday, April 1st. Citigroup lifted their target price on shares of Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Stifel Nicolaus boosted their target price on shares of Altria Group from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Finally, Needham & Company LLC upgraded shares of Altria Group to a “hold” rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $56.00.

Altria Group Profile

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.