Buck Wealth Strategies LLC Buys Shares of 5,318 Altria Group, Inc. (NYSE:MO)

Buck Wealth Strategies LLC bought a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,318 shares of the company's stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FSC Wealth Advisors LLC increased its position in Altria Group by 34.6% during the 1st quarter. FSC Wealth Advisors LLC now owns 3,238 shares of the company's stock valued at $194,000 after purchasing an additional 832 shares during the period. Inlight Wealth Management LLC purchased a new stake in shares of Altria Group in the 1st quarter worth about $31,000. Intact Investment Management Inc. boosted its stake in shares of Altria Group by 39.3% during the 1st quarter. Intact Investment Management Inc. now owns 281,500 shares of the company's stock valued at $16,896,000 after purchasing an additional 79,400 shares in the last quarter. Cobblestone Asset Management LLC increased its position in shares of Altria Group by 4.1% during the first quarter. Cobblestone Asset Management LLC now owns 10,191 shares of the company's stock valued at $612,000 after buying an additional 400 shares during the period. Finally, Woodmont Investment Counsel LLC increased its position in shares of Altria Group by 51.3% during the first quarter. Woodmont Investment Counsel LLC now owns 9,822 shares of the company's stock valued at $590,000 after buying an additional 3,330 shares during the period. Institutional investors own 57.41% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on MO. Needham & Company LLC raised Altria Group to a "hold" rating in a research report on Thursday, May 22nd. Stifel Nicolaus increased their target price on Altria Group from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a research report on Tuesday, April 1st. Barclays lifted 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. Finally, UBS Group increased their price objective on Altria Group from $46.00 to $47.00 and gave the stock a "sell" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Altria Group currently has an average rating of "Hold" and an average target price of $56.00.

Altria Group Stock Up 0.2%

Shares of MO stock traded up $0.11 during trading hours on Friday, hitting $59.60. 23,252,995 shares of the company's stock traded hands, compared to its average volume of 8,583,963. The stock's fifty day simple moving average is $59.04 and its two-hundred day simple moving average is $56.17. Altria Group, Inc. has a 12-month low of $45.17 and a 12-month high of $61.26. The stock has a market cap of $100.39 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 3.49 and a beta of 0.61.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings data 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. Altria Group had a negative return on equity of 295.44% and a net margin of 43.09%. The business had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.64 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. The firm's quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that Altria Group, Inc. will post 5.32 earnings per share 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. Investors of record on Monday, June 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 6.85%. The ex-dividend date is Monday, June 16th. Altria Group's dividend payout ratio (DPR) is 68.34%.

Altria Group 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.