Altria Group, Inc. (NYSE:MO) Shares Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC grew its stake in Altria Group, Inc. (NYSE:MO) by 63.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 282,876 shares of the company’s stock after acquiring an additional 109,914 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Altria Group were worth $11,411,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Taylor & Morgan Wealth Management LLC raised its stake in Altria Group by 2.1% during the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 11,981 shares of the company’s stock worth $483,000 after purchasing an additional 246 shares during the period. Whitener Capital Management Inc. grew its position in Altria Group by 2.6% in the third quarter. Whitener Capital Management Inc. now owns 9,797 shares of the company’s stock worth $412,000 after acquiring an additional 250 shares during the period. Salvus Wealth Management LLC increased its stake in Altria Group by 1.8% during the fourth quarter. Salvus Wealth Management LLC now owns 14,326 shares of the company’s stock worth $578,000 after acquiring an additional 250 shares during the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. lifted its stake in shares of Altria Group by 0.4% in the 3rd quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 58,143 shares of the company’s stock valued at $2,445,000 after purchasing an additional 253 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its holdings in shares of Altria Group by 5.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 4,738 shares of the company’s stock worth $204,000 after purchasing an additional 254 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Analysts Set New Price Targets

MO has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 target price on shares of Altria Group in a research report on Monday, March 25th. UBS Group increased their price objective on shares of Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research report on Monday, April 8th. Finally, StockNews.com lowered Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $46.90.

Altria Group Price Performance

Shares of MO stock traded down $0.39 during trading hours on Friday, reaching $43.59. 11,228,966 shares of the stock were exchanged, compared to its average volume of 11,736,930. Altria Group, Inc. has a 12-month low of $39.06 and a 12-month high of $46.86. The business’s fifty day moving average is $42.50 and its two-hundred day moving average is $41.51. The firm has a market capitalization of $74.87 billion, a P/E ratio of 9.12, a P/E/G ratio of 2.66 and a beta of 0.66.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, April 25th. The company reported $1.15 EPS for the quarter, hitting analysts’ consensus estimates of $1.15. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.71 billion. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 earnings per share. As a group, equities research analysts predict that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, March 25th were given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date was Friday, March 22nd. Altria Group’s dividend payout ratio (DPR) is 82.01%.

Altria Group declared that its board has initiated a share repurchase program on Thursday, February 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 1.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Altria Group Profile

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.