Cambridge Advisors Inc. Makes New $220,000 Investment in Altria Group, Inc. (NYSE:MO)

Cambridge Advisors Inc. bought a new stake in shares of Altria Group, Inc. (NYSE:MO) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,666 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors have also recently made changes to their positions in the company. Vista Investment Partners II LLC raised its position in shares of Altria Group by 4.2% during the 1st quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company’s stock valued at $258,000 after buying an additional 174 shares during the period. St. Johns Investment Management Company LLC boosted its holdings 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 valued at $41,000 after acquiring an additional 189 shares during the period. Truvestments Capital LLC grew its holdings in shares of 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 in the last quarter. Enterprise Financial Services Corp grew its stake in shares of Altria Group by 4.0% in the fourth quarter. Enterprise Financial Services Corp now owns 5,052 shares of the company’s stock worth $264,000 after acquiring an additional 194 shares in the last quarter. Finally, Fragasso Financial Advisors Inc grew its stake in Altria Group by 3.1% during the 1st quarter. Fragasso Financial Advisors Inc now owns 6,499 shares of the company’s stock worth $390,000 after purchasing an additional 197 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Up 0.0%

Shares of NYSE MO opened at $58.81 on Friday. The business has a 50-day moving average price of $59.22 and a 200 day moving average price of $56.28. The stock has a market cap of $99.07 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 3.44 and a beta of 0.60. Altria Group, Inc. has a 52-week low of $45.27 and a 52-week high of $61.26.

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, beating the consensus estimate of $1.19 by $0.04. The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.64 billion. Altria Group had a negative return on equity of 295.44% and a net margin of 43.09%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.15 earnings per share. Sell-side analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.08 dividend on an annualized basis and a yield of 6.94%. Altria Group’s dividend payout ratio is presently 68.34%.

Analyst Upgrades and Downgrades

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