Altria Group, Inc. (NYSE:MO) Shares Purchased by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. grew its stake in shares of Altria Group, Inc. (NYSE:MO) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,085 shares of the company’s stock after acquiring an additional 346 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Altria Group were worth $370,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in Altria Group by 163.6% during the second quarter. American Century Companies Inc. now owns 50,862 shares of the company’s stock valued at $2,317,000 after purchasing an additional 31,568 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Altria Group by 68.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 66,030 shares of the company’s stock valued at $3,008,000 after buying an additional 26,853 shares during the last quarter. Fred Alger Management LLC lifted its holdings in Altria Group by 9.8% in the second quarter. Fred Alger Management LLC now owns 81,800 shares of the company’s stock worth $3,726,000 after acquiring an additional 7,323 shares during the last quarter. Armistice Capital LLC acquired a new position in Altria Group in the second quarter valued at approximately $367,000. Finally, AQR Capital Management LLC grew its holdings in shares of Altria Group by 25.0% during the second quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock valued at $295,055,000 after purchasing an additional 1,299,703 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Up 0.7 %

Shares of Altria Group stock opened at $51.17 on Friday. The business has a fifty day simple moving average of $54.10 and a 200-day simple moving average of $52.10. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The firm has a market cap of $86.72 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 2.67 and a beta of 0.64.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same quarter in the previous year, the business posted $1.28 earnings per share. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. Analysts anticipate that Altria Group, Inc. will post 5.13 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 7.97%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio is 68.92%.

Analyst Ratings Changes

Several analysts recently issued reports on MO shares. Citigroup raised their price target on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays upped their target price on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price target on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $53.43.

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.