Tarbox Family Office Inc. Acquires Shares of 4,755 Altria Group, Inc. (NYSE:MO)

Tarbox Family Office Inc. purchased a new position in shares of Altria Group, Inc. (NYSE:MO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,755 shares of the company’s stock, valued at approximately $207,000.

Several other large investors have also recently added to or reduced their stakes in MO. Operose Advisors LLC purchased a new position in shares of Altria Group in the third quarter valued at $51,000. Trexquant Investment LP purchased a new stake in shares of Altria Group in the third quarter valued at about $5,923,000. Treasurer of the State of North Carolina grew its position in shares of Altria Group by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 785,301 shares of the company’s stock valued at $33,022,000 after purchasing an additional 3,990 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Altria Group by 1.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 93,977 shares of the company’s stock worth $3,952,000 after purchasing an additional 1,584 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Altria Group by 5.3% during the 3rd quarter. Toronto Dominion Bank now owns 1,050,321 shares of the company’s stock worth $44,166,000 after purchasing an additional 52,528 shares during the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MO. UBS Group raised their price target on Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research report on Monday, April 8th. 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. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Argus raised Altria Group to a “hold” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.90.

Altria Group Trading Up 0.0 %

Shares of MO traded up $0.02 during midday trading on Friday, reaching $45.48. 2,083,447 shares of the company were exchanged, compared to its average volume of 11,173,639. Altria Group, Inc. has a 1-year low of $39.06 and a 1-year high of $47.19. The stock has a 50-day moving average price of $45.04 and a 200-day moving average price of $42.69. The company has a market cap of $78.12 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 2.82 and a beta of 0.64.

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

Altria Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend is Friday, June 14th. Altria Group’s payout ratio is 82.01%.

Insider Buying and Selling

In related news, VP Charles N. Whitaker sold 22,487 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total value of $988,303.65. Following the transaction, the vice president now owns 173,485 shares in the company, valued at $7,624,665.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.

Altria Group Company 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.