Capital Investment Advisors LLC Increases Holdings in Altria Group, Inc. (NYSE:MO)

Capital Investment Advisors LLC grew its holdings in Altria Group, Inc. (NYSE:MOFree Report) by 3.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 606,791 shares of the company’s stock after acquiring an additional 21,161 shares during the quarter. Capital Investment Advisors LLC’s holdings in Altria Group were worth $36,420,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Altria Group during the fourth quarter worth approximately $137,536,000. Charles Schwab Investment Management Inc. raised its stake in Altria Group by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,805,286 shares of the company’s stock worth $3,127,218,000 after acquiring an additional 2,296,972 shares in the last quarter. GAMMA Investing LLC lifted its position in Altria Group by 6,969.4% in the first quarter. GAMMA Investing LLC now owns 2,162,401 shares of the company’s stock valued at $129,787,000 after acquiring an additional 2,131,813 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Altria Group in the fourth quarter valued at $91,000. Finally, Northern Trust Corp boosted its stake in Altria Group by 9.6% in the fourth quarter. Northern Trust Corp now owns 16,432,535 shares of the company’s stock valued at $859,257,000 after acquiring an additional 1,444,021 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Stock Down 0.2%

MO 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 company has a market cap of $99.80 billion, a P/E ratio of 9.05, a P/E/G ratio of 2.89 and a beta of 0.60. The company has a 50 day moving average of $58.45 and a two-hundred day moving average of $56.02.

Altria Group (NYSE:MOGet Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the previous year, the business posted $1.15 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. Research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

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

Analyst Upgrades and Downgrades

MO has been the subject of a number of research reports. Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Stifel Nicolaus lifted their price objective on Altria Group from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Citigroup upped their target price on Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Barclays raised their price target on shares of Altria Group from $46.00 to $49.00 and gave the stock an “underweight” rating in a research note on Friday, May 2nd. Finally, UBS Group upped their target price on Altria Group from $46.00 to $47.00 and gave the company a “sell” rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.00.

View Our Latest Stock Report on Altria Group

Altria Group Profile

(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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