Altria Group, Inc. (NYSE:MO) Stock Holdings Lifted by SVB Wealth LLC

SVB Wealth LLC raised its stake in Altria Group, Inc. (NYSE:MO) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,977 shares of the company’s stock after buying an additional 2,620 shares during the period. SVB Wealth LLC’s holdings in Altria Group were worth $1,371,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MO. Loomis Sayles & Co. L P acquired a new stake in Altria Group during the 1st quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in Altria Group during the 3rd quarter valued at $26,000. Nemes Rush Group LLC raised its stake in Altria Group by 103.2% during the 3rd quarter. Nemes Rush Group LLC now owns 636 shares of the company’s stock valued at $27,000 after purchasing an additional 323 shares during the period. ZRC Wealth Management LLC raised its stake in Altria Group by 67.6% during the 4th quarter. ZRC Wealth Management LLC now owns 677 shares of the company’s stock valued at $28,000 after purchasing an additional 273 shares during the period. Finally, Financial Gravity Asset Management Inc. grew its holdings 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 valued at $30,000 after acquiring an additional 666 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Trading Up 0.4 %

Shares of Altria Group stock opened at $41.26 on Friday. The stock has a market capitalization of $70.87 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 2.47 and a beta of 0.65. Altria Group, Inc. has a 1-year low of $39.06 and a 1-year high of $48.04. The firm’s 50-day moving average price is $41.87 and its two-hundred day moving average price is $41.42.

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

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

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 25th will be given a $0.98 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $3.92 annualized dividend and a yield of 9.50%. Altria Group’s dividend payout ratio is currently 85.78%.

Analyst Upgrades and Downgrades

MO has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a report on Monday, April 8th. StockNews.com cut shares of Altria Group from a “buy” rating to a “hold” rating in a report on Sunday, April 14th. Finally, Stifel Nicolaus restated a “buy” rating and set a $50.00 price target on shares of Altria Group in a report on Monday, March 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.90.

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.