RFG Advisory LLC Has $1.99 Million Stock Holdings in Altria Group, Inc. (NYSE:MO)

RFG Advisory LLC lifted its position in Altria Group, Inc. (NYSE:MO - Free Report) by 101.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 33,088 shares of the company's stock after purchasing an additional 16,630 shares during the quarter. RFG Advisory LLC's holdings in Altria Group were worth $1,986,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Redwood Park Advisors LLC bought a new position in shares of Altria Group in the 4th quarter valued at about $26,000. VSM Wealth Advisory LLC bought a new position in shares of Altria Group in the 4th quarter valued at about $29,000. Marshall Investment Management LLC bought a new position in shares of Altria Group in the 4th quarter valued at about $32,000. Promus Capital LLC bought a new position in shares of Altria Group in the 4th quarter valued at about $33,000. Finally, Pinney & Scofield Inc. bought a new position in shares of Altria Group in the 4th quarter valued at about $33,000. Institutional investors own 57.41% of the company's stock.

Altria Group Price Performance

MO traded up $0.05 during mid-day trading on Thursday, hitting $59.36. The stock had a trading volume of 9,054,176 shares, compared to its average volume of 8,646,264. Altria Group, Inc. has a 1-year low of $43.83 and a 1-year high of $61.26. The stock's fifty day simple moving average is $58.46 and its 200-day simple moving average is $55.97. The firm has a market capitalization of $99.98 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60.

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

Altria Group Dividend Announcement

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 dividend of $1.02 per share. The ex-dividend date is Monday, June 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.87%. Altria Group's payout ratio is 68.34%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Altria Group from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Wall Street Zen downgraded shares of Altria Group from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Citigroup increased their target price on shares of Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Needham & Company LLC upgraded shares of Altria Group to a "hold" rating in a report on Thursday, May 22nd. Finally, Barclays increased their target price on shares of Altria Group from $46.00 to $49.00 and gave the stock an "underweight" rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $56.00.

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.