Altria Group, Inc. (NYSE:MO) Stake Decreased by Altrius Capital Management Inc

Altrius Capital Management Inc lessened its holdings in shares of Altria Group, Inc. (NYSE:MO) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,720 shares of the company’s stock after selling 412 shares during the period. Altria Group accounts for about 1.5% of Altrius Capital Management Inc’s investment portfolio, making the stock its 27th biggest holding. Altrius Capital Management Inc’s holdings in Altria Group were worth $5,985,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Redwood Park Advisors LLC bought a new stake in Altria Group during the fourth quarter worth approximately $26,000. VSM Wealth Advisory LLC bought a new stake in Altria Group during the fourth quarter worth approximately $29,000. Inlight Wealth Management LLC bought a new stake in Altria Group during the first quarter worth approximately $31,000. Marshall Investment Management LLC bought a new stake in Altria Group during the fourth quarter worth approximately $32,000. Finally, Promus Capital LLC bought a new stake in Altria Group during the fourth quarter worth approximately $33,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Performance

NYSE MO opened at $59.60 on Friday. Altria Group, Inc. has a 1 year low of $45.17 and a 1 year high of $61.26. The stock has a market capitalization of $100.39 billion, a P/E ratio of 9.98, a P/E/G ratio of 3.49 and a beta of 0.60. The business’s fifty day moving average is $59.04 and its two-hundred day moving average is $56.17.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.04. Altria Group had a net margin of 43.09% and a negative return on equity of 295.44%. The firm had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the previous year, the company posted $1.15 EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 6.85%. The ex-dividend date is Monday, June 16th. Altria Group’s payout ratio is 68.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MO shares. Stifel Nicolaus boosted their target price on Altria Group from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Needham & Company LLC raised Altria Group to a “hold” rating in a report on Thursday, May 22nd. Barclays upped their price target on Altria Group from $46.00 to $49.00 and gave the company an “underweight” rating in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a report on Tuesday, April 1st. Finally, Citigroup upped their price target on Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.