Altria Group, Inc. (NYSE:MO) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its holdings in shares of Altria Group, Inc. (NYSE:MO) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,385 shares of the company’s stock after purchasing an additional 3,975 shares during the period. OneDigital Investment Advisors LLC’s holdings in Altria Group were worth $2,827,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. MFA Wealth Advisors LLC acquired a new stake in shares of Altria Group during the second quarter worth $27,000. Hobbs Group Advisors LLC acquired a new stake in Altria Group during the 2nd quarter worth about $30,000. Valley Wealth Managers Inc. grew its stake in Altria Group by 63.9% during the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after purchasing an additional 260 shares during the last quarter. Lynx Investment Advisory acquired a new position in shares of Altria Group in the second quarter valued at about $44,000. Finally, Covestor Ltd raised its stake in shares of Altria Group by 33.4% in the first quarter. Covestor Ltd now owns 1,047 shares of the company’s stock worth $46,000 after purchasing an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

MO has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. UBS Group increased their price objective on shares of Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. Citigroup boosted their target price on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Barclays boosted their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.33.

Altria Group Stock Up 1.0 %

NYSE:MO opened at $55.93 on Friday. The stock has a market capitalization of $94.79 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 3.14 and a beta of 0.64. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $56.32. The stock’s 50-day moving average price is $51.59 and its 200-day moving average price is $49.26.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same period in the previous year, the business earned $1.28 earnings per share. The business’s revenue was up 18.6% compared to the same quarter last year. Sell-side analysts expect that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 16th were given a dividend of $1.02 per share. The ex-dividend date was Monday, September 16th. This is a boost from Altria Group’s previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 7.29%. Altria Group’s dividend payout ratio is currently 68.92%.

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.