U.S. Capital Wealth Advisors LLC Increases Position in Altria Group, Inc. (NYSE:MO)

U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,014 shares of the company's stock after acquiring an additional 7,228 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Altria Group were worth $9,544,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Callan Capital LLC grew its stake in Altria Group by 8.2% during the 1st quarter. Callan Capital LLC now owns 12,881 shares of the company's stock valued at $773,000 after acquiring an additional 976 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Altria Group by 7.7% during the 1st quarter. TD Private Client Wealth LLC now owns 6,751 shares of the company's stock valued at $405,000 after acquiring an additional 485 shares in the last quarter. Capital Advisors Inc. OK grew its stake in Altria Group by 2.8% during the 1st quarter. Capital Advisors Inc. OK now owns 18,754 shares of the company's stock valued at $1,126,000 after acquiring an additional 518 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Altria Group by 7.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,885,945 shares of the company's stock valued at $233,234,000 after acquiring an additional 284,520 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in Altria Group by 235.7% during the 1st quarter. Penserra Capital Management LLC now owns 14,890 shares of the company's stock valued at $893,000 after acquiring an additional 10,454 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on MO shares. UBS Group upgraded shares of Altria Group from a "sell" rating to a "neutral" rating and boosted their target price for the company from $47.00 to $59.00 in a report on Wednesday, July 2nd. Needham & Company LLC upgraded shares of Altria Group to a "hold" rating in a report on Thursday, May 22nd. Wall Street Zen lowered shares of Altria Group from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Citigroup boosted their target price on shares of Altria Group from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 target price on shares of Altria Group in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $57.71.

Altria Group Stock Performance

Shares of MO stock opened at $59.62 on Monday. The firm's 50 day moving average price is $59.28 and its 200-day moving average price is $56.47. Altria Group, Inc. has a one year low of $45.87 and a one year high of $61.26. The firm has a market cap of $100.43 billion, a P/E ratio of 9.99, a P/E/G ratio of 3.49 and a beta of 0.59.

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 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 firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period in the prior year, the business posted $1.15 EPS. The business's revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, research analysts predict that Altria Group, Inc. will post 5.32 EPS 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. Stockholders of record on Monday, June 16th will be issued a $1.02 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.08 annualized dividend and a dividend yield of 6.84%. Altria Group's dividend payout ratio is currently 68.34%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.