Altria Group, Inc. (NYSE:MO) Shares Acquired by Natixis Advisors LLC

Key Points

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Natixis Advisors LLC grew its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,025,945 shares of the company's stock after purchasing an additional 78,824 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of Altria Group worth $61,581,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MO. North Star Asset Management Inc. grew its position in Altria Group by 21.2% during the 1st quarter. North Star Asset Management Inc. now owns 33,152 shares of the company's stock worth $1,990,000 after purchasing an additional 5,802 shares during the last quarter. Tower Bridge Advisors purchased a new stake in Altria Group during the 1st quarter worth approximately $566,000. Modera Wealth Management LLC grew its position in Altria Group by 4.9% during the 1st quarter. Modera Wealth Management LLC now owns 23,332 shares of the company's stock worth $1,400,000 after purchasing an additional 1,084 shares during the last quarter. Wellington Shields & Co. LLC grew its position in Altria Group by 6.8% during the 1st quarter. Wellington Shields & Co. LLC now owns 9,424 shares of the company's stock worth $566,000 after purchasing an additional 600 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its position in Altria Group by 18.1% during the 1st quarter. Arkadios Wealth Advisors now owns 97,269 shares of the company's stock worth $5,838,000 after purchasing an additional 14,935 shares during the last quarter. Institutional investors own 57.41% of the company's stock.

Altria Group Trading Down 0.3%

NYSE:MO traded down $0.17 during trading hours on Friday, reaching $61.77. 9,687,371 shares of the company were exchanged, compared to its average volume of 9,502,353. The stock's 50-day moving average is $59.38 and its 200-day moving average is $57.39. The firm has a market cap of $104.05 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. Altria Group, Inc. has a twelve month low of $48.86 and a twelve month high of $62.65.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.07. The company had revenue of $5.29 billion during the quarter, compared to analysts' expectations of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share. As a group, research analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Monday, June 16th were given a dividend of $1.02 per share. The ex-dividend date was Monday, June 16th. This represents a $4.08 dividend on an annualized basis and a yield of 6.6%. Altria Group's dividend payout ratio is currently 78.92%.

Analyst Ratings Changes

Several research firms have recently commented on MO. Wall Street Zen downgraded shares of Altria Group from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Barclays upped their price objective on shares of Altria Group from $46.00 to $49.00 and gave the company an "underweight" rating in a report on Friday, May 2nd. Stifel Nicolaus upped their price objective on shares of Altria Group from $63.00 to $65.00 and gave the company a "buy" rating in a report on Thursday. UBS Group raised shares of Altria Group from a "sell" rating to a "neutral" rating and upped their price objective for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Finally, Morgan Stanley upped their price objective on shares of Altria Group from $57.00 to $62.00 and gave the company an "equal weight" rating in a report on Thursday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Altria Group has an average rating of "Hold" and a consensus target price of $58.13.

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.