Kathmere Capital Management LLC Has $2.78 Million Stock Position in Altria Group, Inc. (NYSE:MO)

Kathmere Capital Management LLC lifted its holdings in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 10.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,287 shares of the company's stock after buying an additional 4,421 shares during the period. Kathmere Capital Management LLC's holdings in Altria Group were worth $2,778,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its position in Altria Group by 6,969.4% during the 1st quarter. GAMMA Investing LLC now owns 2,162,401 shares of the company's stock worth $129,787,000 after acquiring an additional 2,131,813 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in Altria Group during the 4th quarter worth $91,000. Northern Trust Corp grew its position in Altria Group by 9.6% during the 4th quarter. Northern Trust Corp now owns 16,432,535 shares of the company's stock worth $859,257,000 after acquiring an additional 1,444,021 shares during the last quarter. Royal Bank of Canada grew its position in Altria Group by 17.4% during the 4th quarter. Royal Bank of Canada now owns 8,927,340 shares of the company's stock worth $466,811,000 after acquiring an additional 1,323,421 shares during the last quarter. Finally, Bridgewater Associates LP grew its position in Altria Group by 86.0% during the 4th quarter. Bridgewater Associates LP now owns 2,675,347 shares of the company's stock worth $139,894,000 after acquiring an additional 1,236,782 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock.

Altria Group Price Performance

Shares of Altria Group stock traded down $0.76 on Friday, hitting $57.79. 9,428,820 shares of the company's stock traded hands, compared to its average volume of 8,665,072. Altria Group, Inc. has a one year low of $47.11 and a one year high of $61.26. The company has a fifty day moving average of $59.25 and a two-hundred day moving average of $56.61. The company has a market capitalization of $97.34 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59.

Altria Group (NYSE:MO - Get Free Report) last announced its 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. Altria Group had a negative return on equity of 295.44% and a net margin of 43.09%. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the prior year, the company earned $1.15 EPS. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. Equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Monday, June 16th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $4.08 annualized dividend and a dividend yield of 7.06%. Altria Group's payout ratio is 68.34%.

Analyst Ratings Changes

MO has been the topic of a number of research reports. UBS Group upgraded Altria Group from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $47.00 to $59.00 in a research report on Wednesday, July 2nd. Barclays upped their price target on Altria Group from $46.00 to $49.00 and gave the company an "underweight" rating in a research report on Friday, May 2nd. Jefferies Financial Group started coverage on Altria Group in a research report on Wednesday. They issued an "underperform" rating and a $50.00 price target on the stock. Stifel Nicolaus upped their price target on Altria Group from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Altria Group currently has a consensus rating of "Hold" and a consensus target price of $56.75.

About Altria Group

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.