Clear Creek Financial Management LLC Has $1.17 Million Stock Holdings in Altria Group, Inc. (NYSE:MO)

Clear Creek Financial Management LLC decreased its position in shares of Altria Group, Inc. (NYSE:MO) by 1.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,912 shares of the company’s stock after selling 400 shares during the period. Clear Creek Financial Management LLC’s holdings in Altria Group were worth $1,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MO. BNP Paribas acquired a new stake in shares of Altria Group in the 1st quarter valued at $27,000. MFA Wealth Advisors LLC bought a new position in Altria Group during the second quarter valued at about $27,000. Hobbs Group Advisors LLC acquired a new stake in shares of Altria Group in the second quarter worth about $30,000. Valley Wealth Managers Inc. boosted its stake in shares of Altria Group by 63.9% during the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after acquiring an additional 260 shares in the last quarter. Finally, Lynx Investment Advisory acquired a new position in shares of Altria Group during the 2nd quarter valued at about $44,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup upped their target price on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. UBS Group raised their target price on shares of Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Bank of America cut their target price on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Stifel Nicolaus raised their price target on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday. Finally, Barclays increased their target price on Altria Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.17.

Altria Group Stock Down 1.1 %

Shares of MO opened at $53.87 on Monday. The stock’s 50-day moving average price is $51.42 and its 200 day moving average price is $48.49. The firm has a market capitalization of $91.91 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 3.14 and a beta of 0.64. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $54.95.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. Altria Group’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 earnings per share. Equities research analysts expect that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Increases Dividend

The firm also recently disclosed 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 represents a $4.08 dividend on an annualized basis and a dividend yield of 7.57%. This is an increase from Altria Group’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Monday, September 16th. Altria Group’s dividend payout ratio (DPR) is presently 68.92%.

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.