Mill Creek Capital Advisors LLC Has $294,000 Stock Position in Altria Group, Inc. (NYSE:MO)

Mill Creek Capital Advisors LLC lowered its holdings in shares of Altria Group, Inc. (NYSE:MO) by 5.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,768 shares of the company’s stock after selling 302 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Altria Group were worth $294,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Delta Investment Management LLC raised its holdings in shares of Altria Group by 2.9% during the 2nd quarter. Delta Investment Management LLC now owns 7,064 shares of the company’s stock worth $322,000 after buying an additional 198 shares in the last quarter. Scarborough Advisors LLC increased its holdings in Altria Group by 18.5% in the 2nd quarter. Scarborough Advisors LLC now owns 1,283 shares of the company’s stock worth $58,000 after purchasing an additional 200 shares in the last quarter. American Institute for Advanced Investment Management LLP increased its holdings in Altria Group by 3.5% in the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock worth $299,000 after purchasing an additional 200 shares in the last quarter. Ridgecrest Wealth Partners LLC increased its holdings in Altria Group by 3.5% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock worth $299,000 after purchasing an additional 200 shares in the last quarter. Finally, Zhang Financial LLC increased its holdings in Altria Group by 1.1% in the 3rd quarter. Zhang Financial LLC now owns 18,454 shares of the company’s stock worth $942,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 1.0 %

Shares of MO stock opened at $55.93 on Monday. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $56.32. The stock has a 50-day moving average of $51.59 and a 200-day moving average of $49.29. The stock has a market cap of $94.79 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 3.18 and a beta of 0.64.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the prior year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. Sell-side analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Altria Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 16th were given a dividend of $1.02 per share. This is a positive change from Altria Group’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Monday, September 16th. This represents a $4.08 annualized dividend and a dividend yield of 7.29%. Altria Group’s dividend payout ratio is presently 68.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Stifel Nicolaus upped their target price on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays upped their target price on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Citigroup increased their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.33.

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.