Altria Group, Inc. (NYSE:MO) Holdings Lifted by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lifted its position in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 25.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,203 shares of the company's stock after buying an additional 4,876 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Altria Group were worth $1,453,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MO. Charles Schwab Investment Management Inc. lifted its stake in shares of Altria Group by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 59,805,286 shares of the company's stock worth $3,127,218,000 after purchasing an additional 2,296,972 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Altria Group by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 41,938,507 shares of the company's stock worth $2,193,687,000 after acquiring an additional 1,134,748 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Altria Group by 0.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 22,273,491 shares of the company's stock valued at $1,164,681,000 after purchasing an additional 76,004 shares during the period. Northern Trust Corp boosted its position in Altria Group by 9.6% in the 4th quarter. Northern Trust Corp now owns 16,432,535 shares of the company's stock valued at $859,257,000 after buying an additional 1,444,021 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Altria Group by 9.1% in the fourth quarter. Invesco Ltd. now owns 11,801,958 shares of the company's stock worth $617,124,000 after acquiring an additional 983,328 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Needham & Company LLC upgraded Altria Group to a "hold" rating in a research note on Thursday, May 22nd. UBS Group raised their price objective on shares of Altria Group from $46.00 to $47.00 and gave the stock a "sell" rating in a report on Wednesday, April 30th. Citigroup boosted their target price 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. Wall Street Zen downgraded Altria Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 price objective on Altria Group in a research note on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $56.00.

Altria Group Stock Performance

Shares of MO traded down $0.60 during midday trading on Thursday, hitting $59.31. 4,861,933 shares of the stock traded hands, compared to its average volume of 8,623,355. Altria Group, Inc. has a 1-year low of $43.83 and a 1-year high of $61.26. The business's 50 day moving average price is $58.58 and its two-hundred day moving average price is $56.08. The firm has a market capitalization of $99.90 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60.

Altria Group (NYSE:MO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.19 by $0.04. The firm had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.64 billion. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. Altria Group's quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 EPS. As a group, equities research analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 6.88%. The ex-dividend date of this dividend is Monday, June 16th. Altria Group's 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.