1900 Wealth Management LLC Has $345,000 Stock Position in Altria Group, Inc. (NYSE:MO)

1900 Wealth Management LLC lowered its holdings in shares of Altria Group, Inc. (NYSE:MO) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,540 shares of the company’s stock after selling 504 shares during the period. 1900 Wealth Management LLC’s holdings in Altria Group were worth $345,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MO. RFG Advisory LLC boosted its holdings in Altria Group by 4.8% in the third quarter. RFG Advisory LLC now owns 11,846 shares of the company’s stock worth $498,000 after acquiring an additional 542 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Altria Group by 11.3% in the third quarter. GHP Investment Advisors Inc. now owns 2,934 shares of the company’s stock valued at $125,000 after purchasing an additional 299 shares in the last quarter. Carolina Wealth Advisors LLC lifted its holdings in shares of Altria Group by 666.7% in the third quarter. Carolina Wealth Advisors LLC now owns 1,725 shares of the company’s stock valued at $73,000 after purchasing an additional 1,500 shares in the last quarter. Royal Fund Management LLC bought a new position in shares of Altria Group in the third quarter valued at approximately $213,000. Finally, B.O.S.S. Retirement Advisors LLC raised its stake in Altria Group by 8.7% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 6,181 shares of the company’s stock valued at $260,000 after acquiring an additional 496 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 0.8 %

MO traded up $0.32 during trading on Tuesday, reaching $42.89. The stock had a trading volume of 4,438,280 shares, compared to its average volume of 11,757,248. The stock’s 50 day moving average is $41.95 and its two-hundred day moving average is $41.43. The company has a market capitalization of $73.67 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 2.53 and a beta of 0.65. Altria Group, Inc. has a one year low of $39.06 and a one year high of $48.04.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Altria Group had a negative return on equity of 244.55% and a net margin of 33.21%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts predict that Altria Group, Inc. will post 5.09 earnings per share for the current year.

Altria Group announced that its board has approved a stock repurchase plan on Thursday, February 1st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 1.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, March 25th will be issued a dividend of $0.98 per share. The ex-dividend date is Friday, March 22nd. This represents a $3.92 annualized dividend and a dividend yield of 9.14%. Altria Group’s payout ratio is presently 85.78%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group upped their price target on Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research report on Monday, April 8th. StockNews.com lowered Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, April 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 target price on shares of Altria Group in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.90.

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.