One Capital Management LLC Purchases 267 Shares of Altria Group, Inc. (NYSE:MO)

One Capital Management LLC raised its position in shares of Altria Group, Inc. (NYSE:MO) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,257 shares of the company’s stock after acquiring an additional 267 shares during the period. One Capital Management LLC’s holdings in Altria Group were worth $1,014,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of MO. Gilbert & Cook Inc. increased its position in Altria Group by 3.3% during the fourth quarter. Gilbert & Cook Inc. now owns 12,928 shares of the company’s stock valued at $522,000 after acquiring an additional 413 shares during the last quarter. Aveo Capital Partners LLC grew its holdings in shares of Altria Group by 3.2% in the fourth quarter. Aveo Capital Partners LLC now owns 10,845 shares of the company’s stock worth $437,000 after purchasing an additional 333 shares during the last quarter. 9258 Wealth Management LLC grew its holdings in shares of Altria Group by 17.8% in the fourth quarter. 9258 Wealth Management LLC now owns 6,300 shares of the company’s stock worth $254,000 after purchasing an additional 953 shares during the last quarter. Gryphon Financial Partners LLC bought a new position in shares of Altria Group in the fourth quarter worth about $217,000. Finally, Panagora Asset Management Inc. grew its holdings in shares of Altria Group by 5.3% in the fourth quarter. Panagora Asset Management Inc. now owns 76,515 shares of the company’s stock worth $3,087,000 after purchasing an additional 3,827 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MO. Bank of America upped their price target on shares of Altria Group from $52.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Friday, June 28th. Stifel Nicolaus raised their target price on shares of Altria Group from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Argus raised shares of Altria Group to a “hold” rating in a research report on Friday, May 31st. Finally, Barclays raised their target price on shares of Altria Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Altria Group currently has a consensus rating of “Hold” and an average target price of $49.67.

Altria Group Stock Performance

NYSE:MO opened at $51.70 on Tuesday. Altria Group, Inc. has a fifty-two week low of $39.06 and a fifty-two week high of $54.95. The stock has a market capitalization of $88.80 billion, a P/E ratio of 10.82, a P/E/G ratio of 3.07 and a beta of 0.65. The company’s 50-day simple moving average is $51.00 and its 200-day simple moving average is $46.57.

Altria Group (NYSE:MO) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Altria Group had a net margin of 42.25% and a negative return on equity of 232.55%. The firm had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the prior year, the business posted $1.31 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. On average, research analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 16th will be paid a $1.02 dividend. The ex-dividend date is Monday, September 16th. This is a boost from Altria Group’s previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 7.89%. Altria Group’s dividend payout ratio (DPR) is 85.36%.

About Altria Group

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.