4,653 Shares in Altria Group, Inc. (NYSE:MO) Bought by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC bought a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,653 shares of the company's stock, valued at approximately $279,000.

A number of other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Altria Group in the 4th quarter worth approximately $137,536,000. Charles Schwab Investment Management Inc. grew its holdings in Altria Group by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,805,286 shares of the company's stock valued at $3,127,218,000 after buying an additional 2,296,972 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Altria Group by 6,969.4% during the first quarter. GAMMA Investing LLC now owns 2,162,401 shares of the company's stock valued at $129,787,000 after purchasing an additional 2,131,813 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in Altria Group during the 4th quarter valued at approximately $91,000. Finally, Northern Trust Corp grew its stake in shares of Altria Group by 9.6% in the 4th quarter. Northern Trust Corp now owns 16,432,535 shares of the company's stock worth $859,257,000 after buying an additional 1,444,021 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company's stock.

Altria Group Stock Down 0.2%

Shares of NYSE:MO traded down $0.14 during trading on Friday, hitting $59.25. The stock had a trading volume of 4,856,074 shares, compared to its average volume of 8,636,988. Altria Group, Inc. has a 12-month low of $43.83 and a 12-month high of $61.26. The stock has a market capitalization of $99.80 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60. The stock has a 50-day simple moving average of $58.45 and a two-hundred day simple moving average of $56.02.

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. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.64 billion. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. The company's revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.08 dividend on an annualized basis and a yield of 6.89%. Altria Group's payout ratio is 68.34%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MO shares. Needham & Company LLC upgraded Altria Group to a "hold" rating in a research report on Thursday, May 22nd. 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 research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft set a $60.00 target price on Altria Group in a report on Tuesday, April 1st. UBS Group increased their price target on shares of Altria Group from $46.00 to $47.00 and gave the company a "sell" rating in a research report on Wednesday, April 30th. Finally, Barclays increased their price target on Altria Group from $46.00 to $49.00 and gave the company an "underweight" rating in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Altria Group presently has a consensus rating of "Hold" and a consensus price target 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.