Argentarii LLC Has $806,000 Stake in Altria Group, Inc. (NYSE:MO)

Argentarii LLC raised its holdings in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 112.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,436 shares of the company's stock after purchasing an additional 7,113 shares during the period. Argentarii LLC's holdings in Altria Group were worth $806,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Altria Group by 64.7% during the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company's stock worth $926,000 after acquiring an additional 6,954 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Altria Group by 32.3% during the fourth quarter. Proficio Capital Partners LLC now owns 5,670 shares of the company's stock worth $296,000 after acquiring an additional 1,385 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Altria Group during the fourth quarter worth about $137,536,000. E Fund Management Co. Ltd. bought a new position in shares of Altria Group during the fourth quarter worth about $219,000. Finally, Welch & Forbes LLC grew its position in shares of Altria Group by 5.7% during the fourth quarter. Welch & Forbes LLC now owns 22,462 shares of the company's stock worth $1,175,000 after acquiring an additional 1,217 shares during the last quarter. Institutional investors own 57.41% of the company's stock.

Altria Group Stock Performance

NYSE MO traded up $0.58 on Monday, reaching $60.23. The company's stock had a trading volume of 7,375,416 shares, compared to its average volume of 8,576,291. Altria Group, Inc. has a twelve month low of $45.87 and a twelve month high of $61.26. The stock has a market cap of $101.45 billion, a PE ratio of 10.09, a PEG ratio of 3.49 and a beta of 0.59. The firm's 50 day moving average is $59.28 and its two-hundred day moving average is $56.47.

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

Altria Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MO. Wall Street Zen lowered shares of Altria Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft set a $60.00 price objective on shares of Altria Group in a report on Tuesday, April 1st. Stifel Nicolaus upped their price objective on shares of Altria Group from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Citigroup upped their price objective on shares of Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Finally, UBS Group raised shares of Altria Group from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $47.00 to $59.00 in a report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $57.71.

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.