SRS Capital Advisors Inc. Has $453,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

SRS Capital Advisors Inc. increased its holdings in Altria Group, Inc. (NYSE:MO) by 50.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,658 shares of the company’s stock after buying an additional 2,892 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Altria Group were worth $453,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in Altria Group in the fourth quarter worth about $25,000. True Wealth Design LLC raised its position in Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 462 shares in the last quarter. Marshall Investment Management LLC acquired a new position in Altria Group in the fourth quarter worth about $32,000. Legacy Investment Solutions LLC bought a new stake in Altria Group during the third quarter worth about $34,000. Finally, Kestra Investment Management LLC bought a new stake in Altria Group during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of Altria Group stock opened at $57.33 on Tuesday. The firm has a market cap of $96.93 billion, a P/E ratio of 8.75, a P/E/G ratio of 2.89 and a beta of 0.64. The firm has a 50 day simple moving average of $52.84 and a 200 day simple moving average of $52.96. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share 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%. On average, sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date is Tuesday, March 25th. Altria Group’s dividend payout ratio is currently 62.29%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Morgan Stanley decreased their price objective on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, Barclays upped their price objective on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average 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.