Altria Group, Inc. (NYSE:MO) Holdings Raised by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lifted its position in shares of Altria Group, Inc. (NYSE:MO) by 24.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,761 shares of the company’s stock after acquiring an additional 1,126 shares during the period. Soltis Investment Advisors LLC’s holdings in Altria Group were worth $301,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. bought a new position in Altria Group in the fourth quarter worth about $71,000. MBA Advisors LLC raised its position in shares of Altria Group by 8.2% during the 4th quarter. MBA Advisors LLC now owns 12,973 shares of the company’s stock worth $678,000 after purchasing an additional 983 shares during the period. Savant Capital LLC lifted its holdings in shares of Altria Group by 3.5% in the 4th quarter. Savant Capital LLC now owns 104,107 shares of the company’s stock worth $5,444,000 after purchasing an additional 3,484 shares during the last quarter. Wagner Wealth Management LLC lifted its holdings in shares of Altria Group by 11.0% in the 4th quarter. Wagner Wealth Management LLC now owns 14,834 shares of the company’s stock worth $776,000 after purchasing an additional 1,472 shares during the last quarter. Finally, Wealthstar Advisors LLC acquired a new position in Altria Group during the 4th quarter valued at approximately $603,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Trading Up 0.1 %

Altria Group stock opened at $53.90 on Wednesday. The company’s 50-day moving average price is $53.02 and its two-hundred day moving average price is $52.52. The stock has a market cap of $91.34 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 2.80 and a beta of 0.64. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. Research analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a $1.02 dividend. The ex-dividend date was Thursday, December 26th. This represents a $4.08 annualized dividend and a dividend yield of 7.57%. Altria Group’s dividend payout ratio (DPR) is 62.29%.

Analyst Ratings Changes

Several equities research analysts have weighed in on MO shares. Morgan Stanley dropped their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $65.00 in a research note on Friday, December 6th. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Barclays lifted their price target on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $53.29.

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.