Radnor Capital Management LLC Raises Stock Position in Altria Group, Inc. (NYSE:MO)

Radnor Capital Management LLC raised its holdings in Altria Group, Inc. (NYSE:MO) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,496 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Radnor Capital Management LLC’s holdings in Altria Group were worth $1,352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MO. Financial Security Advisor Inc. boosted its stake in shares of Altria Group by 1.3% in the third quarter. Financial Security Advisor Inc. now owns 91,907 shares of the company’s stock worth $4,785,000 after buying an additional 1,179 shares during the last quarter. Catalina Capital Group LLC lifted its holdings in Altria Group by 16.6% in the third quarter. Catalina Capital Group LLC now owns 8,814 shares of the company’s stock valued at $450,000 after acquiring an additional 1,256 shares during the period. Avidian Wealth Enterprises LLC lifted its holdings in Altria Group by 1.6% in the third quarter. Avidian Wealth Enterprises LLC now owns 16,841 shares of the company’s stock valued at $860,000 after acquiring an additional 272 shares during the period. Balentine LLC boosted its position in Altria Group by 4.7% in the 3rd quarter. Balentine LLC now owns 12,259 shares of the company’s stock worth $626,000 after purchasing an additional 554 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of Altria Group during the 3rd quarter worth approximately $250,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Price Performance

Shares of NYSE:MO opened at $54.28 on Thursday. The business’s 50 day moving average price is $51.49 and its 200-day moving average price is $48.70. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $55.05. The firm has a market capitalization of $91.99 billion, a PE ratio of 9.17, a P/E/G ratio of 3.06 and a beta of 0.64.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 earnings per share. As a group, analysts expect that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 16th were issued a dividend of $1.02 per share. This is a boost from Altria Group’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 7.52%. The ex-dividend date was Monday, September 16th. Altria Group’s payout ratio is currently 68.92%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. UBS Group increased their price target on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. Bank of America lowered their target price on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Citigroup lifted their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Barclays boosted their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.33.

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.