Altria Group, Inc. (NYSE:MO) Shares Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC boosted its stake in shares of Altria Group, Inc. (NYSE:MO) by 24.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,761 shares of the company’s stock after purchasing an additional 1,126 shares during the period. Soltis Investment Advisors LLC’s holdings in Altria Group were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MO. Financial Life Planners acquired a new stake in Altria Group during the fourth quarter worth about $25,000. True Wealth Design LLC increased its position in Altria Group by 420.0% during the 3rd 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. Legacy Investment Solutions LLC purchased a new position in Altria Group in the third quarter valued at approximately $34,000. Peterson Financial Group Inc. acquired a new position in Altria Group during the third quarter valued at approximately $41,000. Finally, Fairman Group LLC grew its stake in Altria Group by 85.1% during the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after buying an additional 410 shares during the period. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Up 0.1 %

Shares of NYSE MO opened at $53.90 on Wednesday. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The business has a 50 day moving average price of $53.02 and a two-hundred day moving average price of $52.52. The firm has a market cap of $91.34 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, topping 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, analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current 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 given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 7.57%. The ex-dividend date was Thursday, December 26th. Altria Group’s payout ratio is currently 62.29%.

Wall Street Analyst Weigh In

MO has been the topic of a number of research reports. Barclays lifted their target price on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Morgan Stanley reduced their price objective on 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. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus raised their target price on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.