Foundations Investment Advisors LLC Increases Position in Altria Group, Inc. (NYSE:MO)


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Foundations Investment Advisors LLC grew its holdings in shares of Altria Group, Inc. (NYSE:MO) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,252 shares of the company’s stock after buying an additional 778 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Altria Group were worth $385,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lipe & Dalton purchased a new position in Altria Group in the 3rd quarter worth about $26,000. Baron Financial Group LLC bought a new position in Altria Group in the 3rd quarter worth about $27,000. Kathmere Capital Management LLC bought a new position in Altria Group in the 3rd quarter worth about $33,000. Dimension Capital Management LLC purchased a new position in shares of Altria Group during the third quarter worth approximately $39,000. Finally, Stephenson National Bank & Trust bought a new stake in shares of Altria Group during the third quarter valued at approximately $46,000. 59.47% of the stock is owned by hedge funds and other institutional investors.

Shares of MO stock opened at $41.09 on Thursday. The stock’s 50-day moving average is $41.67 and its 200 day moving average is $40.89. Altria Group, Inc. has a 1-year low of $30.95 and a 1-year high of $51.78. The company has a debt-to-equity ratio of 8.59, a current ratio of 0.77 and a quick ratio of 0.55. The company has a market cap of $76.36 billion, a P/E ratio of 114.14, a PEG ratio of 2.46 and a beta of 0.52.

Altria Group (NYSE:MO) last released its quarterly earnings results on Wednesday, November 4th. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.03. Altria Group had a net margin of 2.84% and a return on equity of 148.93%. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.38 billion. During the same period in the prior year, the firm posted $1.19 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts anticipate that Altria Group, Inc. will post 4.37 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 11th. Investors of record on Monday, December 28th were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, December 24th. This represents a $3.44 dividend on an annualized basis and a yield of 8.37%. Altria Group’s payout ratio is 81.52%.

Several research analysts have commented on MO shares. Piper Sandler raised their price objective on Altria Group from $47.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, December 11th. BidaskClub lowered Altria Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $49.67.

About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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