3,904 Shares in Altria Group, Inc. (NYSE:MO) Bought by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC purchased a new stake in Altria Group, Inc. (NYSE:MO) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,904 shares of the company’s stock, valued at approximately $234,000.

A number of other large investors have also recently added to or reduced their stakes in MO. NorthCrest Asset Manangement LLC raised its stake in shares of Altria Group by 88.5% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 8,536 shares of the company’s stock valued at $512,000 after purchasing an additional 4,007 shares in the last quarter. Brighton Jones LLC increased its holdings in Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after buying an additional 6,954 shares during the last quarter. Blueprint Investment Partners LLC raised its stake in Altria Group by 115.5% during the fourth quarter. Blueprint Investment Partners LLC now owns 13,115 shares of the company’s stock valued at $686,000 after buying an additional 7,030 shares in the last quarter. Sagespring Wealth Partners LLC bought a new position in Altria Group during the 4th quarter worth approximately $3,091,000. Finally, Simplicity Wealth LLC lifted its holdings in Altria Group by 152.2% during the 1st quarter. Simplicity Wealth LLC now owns 58,268 shares of the company’s stock worth $3,497,000 after buying an additional 35,168 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MO. Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Needham & Company LLC upgraded shares of Altria Group to a “hold” rating in a research note on Thursday, May 22nd. UBS Group raised their price target on shares of Altria Group from $46.00 to $47.00 and gave the stock a “sell” rating in a research report on Wednesday, April 30th. Stifel Nicolaus boosted their price objective on shares of Altria Group from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, Barclays raised their target price on shares of Altria Group from $46.00 to $49.00 and gave the stock an “underweight” rating in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $56.00.

Altria Group Stock Up 0.2%

MO stock opened at $59.60 on Friday. The stock has a market cap of $100.39 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 3.47 and a beta of 0.60. The firm’s 50-day simple moving average is $59.04 and its 200 day simple moving average is $56.18. Altria Group, Inc. has a fifty-two week low of $45.17 and a fifty-two week high of $61.26.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.19 by $0.04. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. Altria Group had a net margin of 43.09% and a negative return on equity of 295.44%. Altria Group’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 earnings per share. Equities analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently declared 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. 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 6.85%. Altria Group’s dividend payout ratio (DPR) is presently 68.34%.

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.