Oak Hill Wealth Advisors LLC Acquires 4,666 Shares of Altria Group, Inc. (NYSE:MO)

Oak Hill Wealth Advisors LLC raised its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 13.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,567 shares of the company's stock after acquiring an additional 4,666 shares during the period. Oak Hill Wealth Advisors LLC's holdings in Altria Group were worth $2,435,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Redwood Park Advisors LLC bought a new stake in Altria Group during the fourth quarter valued at about $26,000. VSM Wealth Advisory LLC acquired a new position in shares of Altria Group during the fourth quarter valued at about $29,000. Inlight Wealth Management LLC acquired a new position in Altria Group in the first quarter worth about $31,000. Promus Capital LLC acquired a new position in Altria Group in the fourth quarter worth about $33,000. Finally, Pinney & Scofield Inc. acquired a new position in Altria Group in the fourth quarter worth about $33,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Performance

Shares of NYSE MO traded up $0.02 during mid-day trading on Friday, hitting $58.81. 11,468,943 shares of the stock were exchanged, compared to its average volume of 8,548,659. The company has a market cap of $99.07 billion, a P/E ratio of 9.85, a PEG ratio of 3.44 and a beta of 0.61. The stock's fifty day simple moving average is $59.22 and its two-hundred day simple moving average is $56.30. Altria Group, Inc. has a twelve month low of $45.73 and a twelve month high of $61.26.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.04. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.64 billion. Altria Group had a net margin of 43.09% and a negative return on equity of 295.44%. 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 earnings per share. As a group, equities research analysts predict 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. Stockholders of record on Monday, June 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 6.94%. The ex-dividend date is Monday, June 16th. Altria Group's payout ratio is 68.34%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Altria Group from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Needham & Company LLC raised shares of Altria Group to a "hold" rating in a research report on Thursday, May 22nd. Citigroup increased their price target on shares of Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Stifel Nicolaus increased their price target on shares of Altria Group from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Barclays increased their price target on shares of Altria Group from $46.00 to $49.00 and gave the stock an "underweight" rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently 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.