HYA Advisors Inc increased its stake in Altria Group, Inc. (NYSE:MO) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,091 shares of the company’s stock after purchasing an additional 257 shares during the period. HYA Advisors Inc’s holdings in Altria Group were worth $243,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Isthmus Partners LLC purchased a new stake in shares of Altria Group during the second quarter valued at approximately $25,000. Centerpoint Advisors LLC lifted its stake in Altria Group by 120.0% in the second quarter. Centerpoint Advisors LLC now owns 550 shares of the company’s stock worth $26,000 after acquiring an additional 300 shares during the period. Bellwether Advisors LLC lifted its stake in Altria Group by 79.6% in the second quarter. Bellwether Advisors LLC now owns 573 shares of the company’s stock worth $27,000 after acquiring an additional 254 shares during the period. Mizuho Securities Co. Ltd. lifted its stake in Altria Group by 263.3% in the first quarter. Mizuho Securities Co. Ltd. now owns 545 shares of the company’s stock worth $28,000 after acquiring an additional 395 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Altria Group by 182.7% in the second quarter. Larson Financial Group LLC now owns 622 shares of the company’s stock worth $30,000 after acquiring an additional 402 shares during the period. 59.44% of the stock is owned by institutional investors and hedge funds.
Shares of Altria Group stock traded down $0.33 during trading on Tuesday, hitting $48.41. 107,996 shares of the company’s stock traded hands, compared to its average volume of 8,181,040. The company has a debt-to-equity ratio of 8.67, a current ratio of 0.72 and a quick ratio of 0.41. Altria Group, Inc. has a 1 year low of $35.83 and a 1 year high of $52.59. The stock has a market capitalization of $89.27 billion, a P/E ratio of 19.83, a PEG ratio of 2.73 and a beta of 0.63. The business has a 50-day simple moving average of $48.67 and a 200-day simple moving average of $48.95.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 12th. Shareholders of record on Wednesday, September 15th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 7.44%. This is a boost from Altria Group’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Tuesday, September 14th. Altria Group’s dividend payout ratio (DPR) is presently 82.57%.
A number of brokerages recently commented on MO. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $54.00 price target on shares of Altria Group in a research note on Friday, July 23rd. Redburn Partners began coverage on Altria Group in a report on Thursday, June 17th. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Altria Group has a consensus rating of “Buy” and a consensus price target of $52.75.
Altria Group Profile
Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Smokeless Products, and Wine. The Smokeable Products segment comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.
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