Mutual Advisors LLC Has $6.27 Million Holdings in Altria Group, Inc. (NYSE:MO)

Mutual Advisors LLC trimmed its position in Altria Group, Inc. (NYSE:MO - Free Report) by 10.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,558 shares of the company's stock after selling 12,411 shares during the quarter. Mutual Advisors LLC's holdings in Altria Group were worth $6,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MO. Redwood Park Advisors LLC bought a new position in shares of Altria Group in the fourth quarter valued at approximately $26,000. VSM Wealth Advisory LLC acquired a new stake in Altria Group during the 4th quarter valued at $29,000. Inlight Wealth Management LLC purchased a new stake in Altria Group in the 1st quarter worth about $31,000. Promus Capital LLC purchased a new stake in shares of Altria Group in the fourth quarter worth approximately $33,000. Finally, Pinney & Scofield Inc. acquired a new stake in shares of Altria Group during the 4th quarter valued at $33,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Price Performance

NYSE:MO traded up $0.45 during midday trading on Friday, reaching $59.62. The stock had a trading volume of 4,776,064 shares, compared to its average volume of 8,574,313. The stock has a market capitalization of $100.43 billion, a P/E ratio of 9.99, a PEG ratio of 3.46 and a beta of 0.59. Altria Group, Inc. has a 1-year low of $45.76 and a 1-year high of $61.26. The firm's fifty day simple moving average is $59.25 and its 200-day simple moving average is $56.39.

Altria Group (NYSE:MO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $4.64 billion. During the same quarter last year, the company earned $1.15 earnings per share. The firm's revenue was down 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 6.84%. The ex-dividend date is Monday, June 16th. Altria Group's dividend payout ratio is 68.34%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MO. Needham & Company LLC raised Altria Group to a "hold" rating in a research report on Thursday, May 22nd. Citigroup raised their price objective on shares of Altria Group from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. UBS Group upgraded shares of Altria Group from a "sell" rating to a "neutral" rating and increased their price target for the stock from $47.00 to $59.00 in a research note on Wednesday. Stifel Nicolaus raised their price target on shares of Altria Group from $60.00 to $63.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Wall Street Zen cut shares of Altria Group from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $57.71.

About Altria Group

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.