Angeles Investment Advisors LLC Has $216,000 Holdings in Altria Group, Inc. (NYSE:MO)

Angeles Investment Advisors LLC trimmed its holdings in shares of Altria Group, Inc. (NYSE:MO) by 33.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,739 shares of the company’s stock after selling 2,368 shares during the period. Angeles Investment Advisors LLC’s holdings in Altria Group were worth $216,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Maryland Capital Advisors Inc. lifted its stake in Altria Group by 154.4% during the 1st quarter. Maryland Capital Advisors Inc. now owns 575 shares of the company’s stock valued at $25,000 after acquiring an additional 349 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in Altria Group in the 2nd quarter worth about $27,000. BNP Paribas purchased a new stake in Altria Group in the 1st quarter worth about $27,000. Hobbs Group Advisors LLC purchased a new stake in Altria Group in the 2nd quarter worth about $30,000. Finally, Westend Capital Management LLC purchased a new stake in Altria Group in the 1st quarter worth about $29,000. 57.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Friday, June 28th. UBS Group lifted their price objective on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a report on Monday, September 9th. Stifel Nicolaus raised their target price on Altria Group from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Bank of America raised their target price on Altria Group from $52.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Finally, Barclays raised their target price on Altria Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $49.67.

Altria Group Trading Down 2.4 %

Shares of MO opened at $51.70 on Tuesday. The company has a market cap of $88.80 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 3.07 and a beta of 0.65. The stock has a 50-day moving average price of $51.00 and a 200-day moving average price of $46.57. Altria Group, Inc. has a 12-month low of $39.06 and a 12-month high of $54.95.

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

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.89%. The ex-dividend date is Monday, September 16th. This is an increase from Altria Group’s previous quarterly dividend of $0.98. 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.