Helium Advisors LLC Acquires Shares of 5,220 Altria Group, Inc. (NYSE:MO)

Helium Advisors LLC acquired a new stake in Altria Group, Inc. (NYSE:MO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,220 shares of the company's stock, valued at approximately $273,000.

Other hedge funds have also recently bought and sold shares of the company. Diversify Wealth Management LLC bought a new position in shares of Altria Group in the 4th quarter worth $218,000. Ballentine Partners LLC boosted its position in shares of Altria Group by 33.0% in the 4th quarter. Ballentine Partners LLC now owns 21,416 shares of the company's stock worth $1,120,000 after purchasing an additional 5,317 shares during the last quarter. Atomi Financial Group Inc. boosted its position in shares of Altria Group by 51.7% in the 4th quarter. Atomi Financial Group Inc. now owns 17,551 shares of the company's stock worth $918,000 after purchasing an additional 5,985 shares during the last quarter. Beaumont Financial Advisors LLC boosted its position in shares of Altria Group by 5.5% in the 4th quarter. Beaumont Financial Advisors LLC now owns 7,230 shares of the company's stock worth $378,000 after purchasing an additional 376 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its position in shares of Altria Group by 25.9% in the 4th quarter. Simon Quick Advisors LLC now owns 10,433 shares of the company's stock worth $546,000 after purchasing an additional 2,148 shares during the last quarter. 57.41% of the stock is currently owned by institutional investors.

Altria Group Price Performance

MO opened at $59.30 on Friday. The business's 50-day moving average price is $58.10 and its two-hundred day moving average price is $55.64. Altria Group, Inc. has a 1 year low of $43.83 and a 1 year high of $61.26. The company has a market capitalization of $99.89 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 2.89 and a beta of 0.60.

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 the consensus estimate of $1.19 by $0.04. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. The firm had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter last year, the business posted $1.15 EPS. The company's revenue for the quarter was down 4.2% on a year-over-year basis. Sell-side analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date is Monday, June 16th. Altria Group's dividend payout ratio is currently 68.34%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Needham & Company LLC assumed coverage on Altria Group in a research report on Thursday. They issued a "hold" rating on the stock. Stifel Nicolaus raised their price objective on Altria Group from $60.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. UBS Group raised their price objective on Altria Group from $46.00 to $47.00 and gave the stock a "sell" rating in a research note on Wednesday, April 30th. Barclays raised their price objective on Altria Group from $46.00 to $49.00 and gave the stock an "underweight" rating in a research note on Friday, May 2nd. Finally, Citigroup raised their price objective on Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Two analysts have 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 stock has a consensus rating of "Hold" and an average target price of $56.00.

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.

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