Capital Investment Advisors LLC grew its position in Altria Group, Inc. (NYSE:MO – Get Rating) by 1.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 546,169 shares of the company’s stock after purchasing an additional 8,838 shares during the period. Altria Group accounts for about 0.9% of Capital Investment Advisors LLC’s portfolio, making the stock its 28th biggest position. Capital Investment Advisors LLC’s holdings in Altria Group were worth $28,537,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its holdings in Altria Group by 330.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 117,915 shares of the company’s stock worth $5,588,000 after purchasing an additional 90,497 shares during the last quarter. Calamos Advisors LLC grew its holdings in shares of Altria Group by 3.5% during the fourth quarter. Calamos Advisors LLC now owns 510,131 shares of the company’s stock valued at $24,175,000 after buying an additional 17,474 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Altria Group by 7.9% during the fourth quarter. Westwood Holdings Group Inc. now owns 211,536 shares of the company’s stock valued at $10,025,000 after buying an additional 15,440 shares during the last quarter. Westbourne Investment Advisors Inc. purchased a new stake in shares of Altria Group during the fourth quarter valued at $763,000. Finally, Berkeley Capital Partners LLC grew its holdings in shares of Altria Group by 13.9% during the fourth quarter. Berkeley Capital Partners LLC now owns 10,672 shares of the company’s stock valued at $506,000 after buying an additional 1,303 shares during the last quarter. 59.05% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Altria Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $48.00 to $57.00 in a report on Tuesday, March 22nd. Morgan Stanley dropped their price objective on shares of Altria Group from $50.00 to $47.00 and set an “underweight” rating on the stock in a report on Friday, June 17th. StockNews.com assumed coverage on shares of Altria Group in a report on Thursday, March 31st. They set a “buy” rating on the stock. Cowen boosted their price objective on shares of Altria Group from $51.00 to $53.00 in a report on Thursday, April 7th. Finally, Cowen boosted their price objective on shares of Altria Group from $51.00 to $53.00 in a report on Thursday, April 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Altria Group has a consensus rating of “Hold” and an average target price of $53.25.
Altria Group (NYSE:MO – Get Rating) last posted its earnings results on Thursday, April 28th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.03. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.88 billion. Altria Group had a net margin of 11.64% and a negative return on equity of 2,506.92%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. As a group, equities analysts predict that Altria Group, Inc. will post 4.84 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 11th. Shareholders of record on Wednesday, June 15th will be given a $0.90 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 8.67%. Altria Group’s dividend payout ratio (DPR) is currently 219.51%.
Altria Group Profile (Get Rating)
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; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.
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