TFB Advisors LLC Raises Holdings in Altria Group, Inc. (NYSE:MO)

TFB Advisors LLC lifted its holdings in Altria Group, Inc. (NYSE:MO) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,576 shares of the company’s stock after buying an additional 522 shares during the quarter. TFB Advisors LLC’s holdings in Altria Group were worth $553,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Redhawk Wealth Advisors Inc. purchased a new position in Altria Group during the third quarter worth $661,000. Wedge Capital Management L L P NC purchased a new position in Altria Group during the third quarter worth about $200,000. CX Institutional grew its holdings in Altria Group by 18.7% in the 3rd quarter. CX Institutional now owns 102,982 shares of the company’s stock valued at $5,256,000 after buying an additional 16,247 shares during the period. Wesbanco Bank Inc. lifted its holdings in shares of Altria Group by 2.2% during the 3rd quarter. Wesbanco Bank Inc. now owns 37,891 shares of the company’s stock worth $1,934,000 after acquiring an additional 825 shares during the period. Finally, Creative Planning boosted its position in shares of Altria Group by 4.7% in the third quarter. Creative Planning now owns 531,504 shares of the company’s stock worth $27,128,000 after acquiring an additional 24,039 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

MO has been the subject of a number of research analyst reports. Barclays upped their price objective on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Morgan Stanley cut their price objective on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $65.00 in a report on Friday, December 6th. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.29.

Altria Group Stock Up 0.1 %

Shares of NYSE MO opened at $53.90 on Wednesday. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The firm has a market cap of $91.34 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. The business has a 50 day moving average price of $53.02 and a two-hundred day moving average price of $52.52.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. On average, analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.57%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio is presently 62.29%.

Altria Group Company 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.