Farther Finance Advisors LLC lifted its stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,578 shares of the company's stock after purchasing an additional 27,426 shares during the period. Farther Finance Advisors LLC's holdings in Altria Group were worth $7,414,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in MO. Kercheville Advisors LLC lifted its holdings in Altria Group by 3.7% in the third quarter. Kercheville Advisors LLC now owns 4,397 shares of the company's stock valued at $290,000 after acquiring an additional 156 shares during the last quarter. Founders Grove Wealth Partners LLC lifted its holdings in Altria Group by 2.9% in the third quarter. Founders Grove Wealth Partners LLC now owns 5,781 shares of the company's stock valued at $382,000 after acquiring an additional 165 shares during the last quarter. Generali Asset Management SPA SGR lifted its holdings in Altria Group by 0.3% in the third quarter. Generali Asset Management SPA SGR now owns 50,805 shares of the company's stock valued at $3,356,000 after acquiring an additional 170 shares during the last quarter. SOA Wealth Advisors LLC. lifted its holdings in Altria Group by 17.1% in the fourth quarter. SOA Wealth Advisors LLC. now owns 1,166 shares of the company's stock valued at $67,000 after acquiring an additional 170 shares during the last quarter. Finally, Zullo Investment Group Inc. lifted its holdings in Altria Group by 2.4% in the third quarter. Zullo Investment Group Inc. now owns 7,386 shares of the company's stock valued at $488,000 after acquiring an additional 175 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Altria Group
In other news, SVP Charles N. Whitaker sold 27,908 shares of the company's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $67.57, for a total transaction of $1,885,743.56. Following the sale, the senior vice president owned 180,869 shares of the company's stock, valued at approximately $12,221,318.33. This represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company's stock.
Trending Headlines about Altria Group
Here are the key news stories impacting Altria Group this week:
Altria Group Stock Up 0.8%
Shares of NYSE MO opened at $64.95 on Friday. The firm has a market cap of $108.56 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 2.58 and a beta of 0.41. Altria Group, Inc. has a 52-week low of $54.70 and a 52-week high of $70.51. The business's 50 day moving average is $66.61 and its two-hundred day moving average is $62.63.
Altria Group (NYSE:MO - Get Free Report) last announced its earnings results on Thursday, January 29th. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by ($0.02). Altria Group had a net margin of 29.84% and a negative return on equity of 287.61%. The firm had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $5.02 billion. During the same period in the previous year, the firm earned $1.30 EPS. The firm's revenue for the quarter was down .5% compared to the same quarter last year. Analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.
Altria Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, March 25th will be given a dividend of $1.06 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.5%. Altria Group's dividend payout ratio is currently 103.16%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Citigroup upped their price objective on Altria Group from $57.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, February 9th. Argus upgraded Altria Group to a "hold" rating in a report on Tuesday, January 13th. Stifel Nicolaus decreased their price objective on Altria Group from $72.00 to $68.00 and set a "buy" rating on the stock in a report on Friday, January 30th. UBS Group upped their price objective on Altria Group from $67.00 to $74.00 and gave the company a "buy" rating in a report on Monday, March 9th. Finally, Barclays upped their price objective on Altria Group from $57.00 to $63.00 and gave the company an "underweight" rating in a report on Monday, February 23rd. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Altria Group presently has a consensus rating of "Hold" and an average price target of $65.88.
Read Our Latest Report on Altria Group
Altria Group Company Profile
(
Free Report)
Altria Group, Inc NYSE: MO is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company's operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.
Altria's principal operating businesses include Philip Morris USA (cigarettes), U.S.
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