Altria Group, Inc. (NYSE:MO) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. raised its position in Altria Group, Inc. (NYSE:MOFree Report) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,896 shares of the company’s stock after purchasing an additional 4,821 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Altria Group were worth $1,650,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. acquired a new position in shares of Altria Group during the fourth quarter valued at approximately $71,000. HTLF Bank acquired a new position in shares of Altria Group during the fourth quarter valued at approximately $223,000. Fidelis Capital Partners LLC increased its stake in shares of Altria Group by 51.4% during the fourth quarter. Fidelis Capital Partners LLC now owns 7,442 shares of the company’s stock valued at $300,000 after acquiring an additional 2,527 shares during the period. Xponance Inc. increased its stake in shares of Altria Group by 1.0% during the fourth quarter. Xponance Inc. now owns 194,931 shares of the company’s stock valued at $7,864,000 after acquiring an additional 2,015 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Altria Group by 3.2% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 38,386 shares of the company’s stock valued at $1,552,000 after acquiring an additional 1,200 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Altria Group stock opened at $42.09 on Friday. The firm has a market cap of $72.30 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 2.53 and a beta of 0.65. Altria Group, Inc. has a 1 year low of $39.06 and a 1 year high of $48.04. The firm’s 50 day moving average price is $41.91 and its two-hundred day moving average price is $41.43.

Altria Group (NYSE:MOGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Altria Group had a net margin of 33.21% and a negative return on equity of 244.55%. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the business posted $1.18 EPS. The company’s revenue was down 1.2% on a year-over-year basis. As a group, equities analysts predict that Altria Group, Inc. will post 5.09 EPS for the current fiscal year.

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

Altria Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 25th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 9.31%. The ex-dividend date of this dividend is Friday, March 22nd. Altria Group’s dividend payout ratio is 85.78%.

Analyst Upgrades and Downgrades

MO has been the topic of a number of research analyst reports. StockNews.com lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, April 14th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price target on shares of Altria Group in a research report on Monday, March 25th. Finally, UBS Group lifted their price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $46.90.

Get Our Latest Stock Analysis on Altria Group

About Altria Group

(Free Report)

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.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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