OneDigital Investment Advisors LLC Decreases Holdings in Altria Group, Inc. (NYSE:MO)

OneDigital Investment Advisors LLC cut its holdings in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 18.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,769 shares of the company's stock after selling 9,949 shares during the period. OneDigital Investment Advisors LLC's holdings in Altria Group were worth $2,627,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vista Investment Partners II LLC raised its position in Altria Group by 4.2% during the 1st quarter. Vista Investment Partners II LLC now owns 4,302 shares of the company's stock worth $258,000 after purchasing an additional 174 shares during the last quarter. St. Johns Investment Management Company LLC increased its stake in shares of Altria Group by 37.8% in the first quarter. St. Johns Investment Management Company LLC now owns 689 shares of the company's stock valued at $41,000 after buying an additional 189 shares during the period. Truvestments Capital LLC lifted its stake in shares of Altria Group by 4.3% in the fourth quarter. Truvestments Capital LLC now owns 4,581 shares of the company's stock worth $240,000 after acquiring an additional 190 shares during the period. Enterprise Financial Services Corp boosted its holdings in Altria Group by 4.0% in the fourth quarter. Enterprise Financial Services Corp now owns 5,052 shares of the company's stock valued at $264,000 after acquiring an additional 194 shares during the last quarter. Finally, Fragasso Financial Advisors Inc increased its position in Altria Group by 3.1% during the 1st quarter. Fragasso Financial Advisors Inc now owns 6,499 shares of the company's stock valued at $390,000 after purchasing an additional 197 shares during the period. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Up 1.0%

MO traded up $0.58 during trading on Monday, hitting $60.23. 7,375,416 shares of the company's stock were exchanged, compared to its average volume of 8,576,291. The stock has a market cap of $101.45 billion, a P/E ratio of 10.09, a PEG ratio of 3.49 and a beta of 0.59. The business's 50 day moving average is $59.28 and its two-hundred day moving average is $56.47. Altria Group, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $61.26.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.04. The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.64 billion. Altria Group had a negative return on equity of 295.44% and a net margin of 43.09%. The company's quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 EPS. On average, sell-side analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be paid a $1.02 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.08 annualized dividend and a dividend yield of 6.77%. Altria Group's payout ratio is 68.34%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MO. Stifel Nicolaus lifted their target price on shares of Altria Group from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Barclays raised their target price on Altria Group from $46.00 to $49.00 and gave the stock an "underweight" rating in a research note on Friday, May 2nd. Wall Street Zen lowered Altria Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. UBS Group upgraded shares of Altria Group from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Finally, Citigroup increased their target price on shares of Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $57.71.

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.