Silver Oak Securities Incorporated decreased its position in Altria Group, Inc. (NYSE:MO – Free Report) by 3.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,171 shares of the company’s stock after selling 453 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Altria Group were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its position in Altria Group by 108,222.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 18,590,308 shares of the company’s stock worth $849,763,000 after purchasing an additional 18,573,146 shares in the last quarter. Edmp Inc. boosted its holdings in Altria Group by 4,424.6% in the 4th quarter. Edmp Inc. now owns 4,074,178 shares of the company’s stock worth $89,131,000 after acquiring an additional 3,984,132 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Altria Group by 8.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 44,066,327 shares of the company’s stock worth $2,000,861,000 after acquiring an additional 3,516,646 shares during the period. First Trust Advisors LP boosted its holdings in Altria Group by 32.6% in the 4th quarter. First Trust Advisors LP now owns 7,209,557 shares of the company’s stock worth $329,550,000 after acquiring an additional 1,774,297 shares during the period. Finally, Morgan Stanley boosted its holdings in Altria Group by 9.8% in the 4th quarter. Morgan Stanley now owns 17,105,285 shares of the company’s stock worth $781,883,000 after acquiring an additional 1,531,337 shares during the period. Institutional investors and hedge funds own 58.38% of the company’s stock.
Wall Street Analysts Forecast Growth
MO has been the subject of a number of analyst reports. Stifel Nicolaus assumed coverage on Altria Group in a report on Thursday, April 13th. They issued a “buy” rating and a $52.00 price target for the company. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Finally, Citigroup reduced their price objective on shares of Altria Group from $49.50 to $47.00 and set a “neutral” rating for the company in a report on Monday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.00.
View Our Latest Stock Analysis on MO
Altria Group Stock Down 0.6 %
Shares of NYSE MO opened at $44.30 on Friday. The business has a fifty day simple moving average of $45.00 and a 200-day simple moving average of $45.59. The company has a market cap of $78.62 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 2.24 and a beta of 0.59. Altria Group, Inc. has a 12 month low of $40.35 and a 12 month high of $51.57.
Altria Group (NYSE:MO – Get Free Report) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.31 EPS for the quarter, meeting analysts’ consensus estimates of $1.31. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.43 billion. Altria Group had a negative return on equity of 222.55% and a net margin of 27.40%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. As a group, sell-side analysts expect that Altria Group, Inc. will post 4.99 EPS for the current fiscal year.
Altria Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Thursday, June 15th were given a $0.94 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $3.76 annualized dividend and a yield of 8.49%. Altria Group’s payout ratio is 98.69%.
Altria Group Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches.
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