Global Wealth Management Investment Advisory Inc. Has $169,000 Stock Position in Altria Group, Inc. (NYSE:MO)

Global Wealth Management Investment Advisory Inc. trimmed its holdings in shares of Altria Group, Inc. (NYSE:MO) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,193 shares of the company’s stock after selling 280 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Altria Group were worth $169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Altshuler Shaham Ltd purchased a new position in Altria Group in the third quarter valued at about $26,000. Nemes Rush Group LLC grew its stake in Altria Group by 103.2% in the third quarter. Nemes Rush Group LLC now owns 636 shares of the company’s stock valued at $27,000 after purchasing an additional 323 shares in the last quarter. ZRC Wealth Management LLC grew its stake in Altria Group by 67.6% in the fourth quarter. ZRC Wealth Management LLC now owns 677 shares of the company’s stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. Criterion Capital Advisors LLC purchased a new position in Altria Group in the fourth quarter valued at about $27,000. Finally, Financial Gravity Asset Management Inc. boosted its stake in shares of Altria Group by 1,800.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 703 shares of the company’s stock worth $30,000 after acquiring an additional 666 shares in the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MO. UBS Group upped their price target on Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research note on Monday, April 8th. StockNews.com downgraded Altria Group from a “buy” rating to a “hold” rating in a research note on Sunday, April 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price target on shares of Altria Group in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $46.90.

Altria Group Stock Up 0.0 %

Shares of NYSE:MO opened at $43.82 on Thursday. The business has a 50 day moving average price of $42.39 and a 200 day moving average price of $41.49. Altria Group, Inc. has a twelve month low of $39.06 and a twelve month high of $47.71. The company has a market cap of $75.27 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 2.77 and a beta of 0.66.

Altria Group (NYSE:MO) last announced its earnings results on Thursday, April 25th. The company reported $1.15 earnings per share for the quarter, meeting the consensus estimate of $1.15. Altria Group had a negative return on equity of 222.80% and a net margin of 34.81%. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the company earned $1.18 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Analysts anticipate that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group announced that its Board of Directors has authorized a stock repurchase plan on Thursday, February 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, March 25th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $3.92 annualized dividend and a yield of 8.95%. Altria Group’s payout ratio is 82.01%.

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.