Elyxium Wealth LLC Purchases New Stake in Altria Group, Inc. (NYSE:MO)

Elyxium Wealth LLC purchased 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 & Exchange Commission. The fund purchased 5,533 shares of the company's stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC boosted its stake in Altria Group by 88.5% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 8,536 shares of the company's stock valued at $512,000 after purchasing an additional 4,007 shares during the period. Brighton Jones LLC increased its holdings in Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company's stock valued at $926,000 after purchasing an additional 6,954 shares in the last quarter. GAMMA Investing LLC increased its holdings in Altria Group by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 36,028 shares of the company's stock valued at $2,162,000 after purchasing an additional 5,440 shares in the last quarter. Blueprint Investment Partners LLC increased its holdings in Altria Group by 115.5% during the 4th quarter. Blueprint Investment Partners LLC now owns 13,115 shares of the company's stock valued at $686,000 after purchasing an additional 7,030 shares in the last quarter. Finally, Patron Partners LLC increased its stake in shares of Altria Group by 12.2% in the 1st quarter. Patron Partners LLC now owns 12,217 shares of the company's stock valued at $733,000 after buying an additional 1,325 shares during the period. Hedge funds and other institutional investors own 57.41% of the company's stock.

Wall Street Analyst Weigh In

MO has been the topic of several recent research reports. Needham & Company LLC upgraded Altria Group to a "hold" rating in a research report on Thursday, May 22nd. Jefferies Financial Group initiated coverage on Altria Group in a report on Wednesday, July 9th. They issued an "underperform" rating and a $50.00 price target on the stock. UBS Group upgraded Altria Group from a "sell" rating to a "neutral" rating and upped their target price for the stock from $47.00 to $59.00 in a report on Wednesday, July 2nd. Wall Street Zen downgraded Altria Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 target price on Altria Group in a research report on Tuesday, April 1st. 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.com, Altria Group presently has a consensus rating of "Hold" and a consensus target price of $56.75.

Altria Group Stock Up 0.1%

Altria Group stock opened at $58.04 on Friday. Altria Group, Inc. has a 52 week low of $47.57 and a 52 week high of $61.26. The company's 50 day moving average price is $59.06 and its two-hundred day moving average price is $56.84. The stock has a market cap of $97.77 billion, a P/E ratio of 9.72, a P/E/G ratio of 3.34 and a beta of 0.59.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings data 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 business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same period in the previous year, the business earned $1.15 EPS. Altria Group's revenue was down 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The business also recently declared 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. This represents a $4.08 annualized dividend and a dividend yield of 7.03%. The ex-dividend date was Monday, June 16th. Altria Group's dividend payout ratio is currently 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.

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