Olistico Wealth LLC Lowers Stake in Altria Group, Inc. (NYSE:MO)

Olistico Wealth LLC cut its position in shares of Altria Group, Inc. (NYSE:MO) by 31.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 639 shares of the company’s stock after selling 300 shares during the quarter. Olistico Wealth LLC’s holdings in Altria Group were worth $38,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Redwood Park Advisors LLC acquired a new stake in shares of Altria Group in the fourth quarter valued at about $26,000. VSM Wealth Advisory LLC purchased a new position in Altria Group in the 4th quarter worth approximately $29,000. Inlight Wealth Management LLC acquired a new stake in Altria Group in the first quarter valued at approximately $31,000. Pinney & Scofield Inc. acquired a new stake in Altria Group in the fourth quarter valued at approximately $33,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Altria Group by 895.7% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 697 shares of the company’s stock valued at $36,000 after purchasing an additional 627 shares during the period. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft set a $60.00 price objective on shares of Altria Group in a research report on Tuesday, April 1st. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $47.00 to $59.00 in a research report on Wednesday. Barclays boosted their price target on Altria Group from $46.00 to $49.00 and gave the stock an “underweight” rating in a research note on Friday, May 2nd. Finally, Citigroup raised their price objective on Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $57.71.

Altria Group Price Performance

Shares of MO stock opened at $59.62 on Friday. The firm has a fifty day moving average of $59.28 and a two-hundred day moving average of $56.45. The firm has a market cap of $100.43 billion, a P/E ratio of 9.99, a P/E/G ratio of 3.49 and a beta of 0.59. Altria Group, Inc. has a 1-year low of $45.87 and a 1-year high of $61.26.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.19 by $0.04. The business had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.64 billion. Altria Group had a net margin of 43.09% and a negative return on equity of 295.44%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 earnings per share. On average, sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be issued 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 dividend yield of 6.84%. Altria Group’s dividend payout ratio (DPR) is 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.