MOKAN Wealth Management Inc. Purchases 212 Shares of Altria Group, Inc. (NYSE:MO)

MOKAN Wealth Management Inc. boosted its position in Altria Group, Inc. (NYSE:MO) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,502 shares of the company’s stock after acquiring an additional 212 shares during the period. MOKAN Wealth Management Inc.’s holdings in Altria Group were worth $631,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. St. Johns Investment Management Company LLC grew its position in Altria Group by 37.8% during the 1st quarter. St. Johns Investment Management Company LLC now owns 689 shares of the company’s stock worth $41,000 after acquiring an additional 189 shares during the last quarter. Truvestments Capital LLC lifted its position in Altria Group by 4.3% in the fourth quarter. Truvestments Capital LLC now owns 4,581 shares of the company’s stock valued at $240,000 after purchasing an additional 190 shares during the last quarter. Enterprise Financial Services Corp lifted its position in Altria Group by 4.0% in the fourth quarter. Enterprise Financial Services Corp now owns 5,052 shares of the company’s stock valued at $264,000 after purchasing an additional 194 shares during the last quarter. Fragasso Financial Advisors Inc lifted its position in Altria Group by 3.1% in the first quarter. Fragasso Financial Advisors Inc now owns 6,499 shares of the company’s stock valued at $390,000 after purchasing an additional 197 shares during the last quarter. Finally, Skyline Advisors Inc. boosted its stake in shares of Altria Group by 2.2% during the first quarter. Skyline Advisors Inc. now owns 9,255 shares of the company’s stock valued at $555,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Down 0.9%

Shares of NYSE MO opened at $59.96 on Wednesday. The firm has a fifty day simple moving average of $59.15 and a two-hundred day simple moving average of $56.22. Altria Group, Inc. has a 12 month low of $45.17 and a 12 month high of $61.26. The firm has a market capitalization of $101.00 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 3.54 and a beta of 0.61.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter in the previous year, the company earned $1.15 earnings per share. Altria Group’s quarterly revenue was down 4.2% on a year-over-year basis. On average, sell-side analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date of this dividend is Monday, June 16th. Altria Group’s dividend payout ratio is presently 68.34%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $60.00 target price on shares of Altria Group in a research note on Tuesday, April 1st. Citigroup raised their price target on shares of Altria Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Barclays boosted their price objective on shares of Altria Group from $46.00 to $49.00 and gave the company an “underweight” rating in a research report on Friday, May 2nd. UBS Group increased their target price on shares of Altria Group from $46.00 to $47.00 and gave the stock a “sell” rating in a report on Wednesday, April 30th. Finally, Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently 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.