Richardson Financial Services Inc. Makes New Investment in Altria Group, Inc. (NYSE:MO)

Richardson Financial Services Inc. acquired a new stake in shares of Altria Group, Inc. (NYSE:MOFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,815 shares of the company’s stock, valued at approximately $194,000.

Several other large investors have also modified their holdings of MO. Fortis Group Advisors LLC lifted its holdings in shares of Altria Group by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,410 shares of the company’s stock valued at $57,000 after purchasing an additional 705 shares during the last quarter. Pineridge Advisors LLC purchased a new stake in Altria Group during the fourth quarter valued at about $28,000. Scarborough Advisors LLC acquired a new position in shares of Altria Group in the fourth quarter worth about $44,000. Forthright Family Wealth Advisory LLC purchased a new position in shares of Altria Group in the fourth quarter worth approximately $202,000. Finally, Centaurus Financial Inc. raised its holdings in shares of Altria Group by 4.5% during the fourth quarter. Centaurus Financial Inc. now owns 17,801 shares of the company’s stock valued at $718,000 after acquiring an additional 770 shares during the period. 57.41% of the stock is owned by institutional investors.

Altria Group Price Performance

MO traded down $0.44 during midday trading on Friday, hitting $44.32. 10,651,618 shares of the company’s stock traded hands, compared to its average volume of 8,216,503. The company has a market cap of $76.13 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 2.73 and a beta of 0.64. Altria Group, Inc. has a one year low of $39.06 and a one year high of $47.19. The stock’s fifty day simple moving average is $44.36 and its 200-day simple moving average is $42.49.

Altria Group (NYSE:MOGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.15. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.71 billion. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. Altria Group’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 EPS. On average, research analysts expect that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.84%. The ex-dividend date is Friday, June 14th. Altria Group’s dividend payout ratio is 82.01%.

Insider Activity at Altria Group

In other news, VP Charles N. Whitaker sold 22,487 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $43.95, for a total value of $988,303.65. Following the completion of the sale, the vice president now directly owns 173,485 shares in the company, valued at $7,624,665.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MO shares. raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 target price on shares of Altria Group in a research report on Monday, March 25th. UBS Group upped their price target on Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research report on Monday, April 8th. Finally, Argus raised Altria Group to a “hold” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to, Altria Group currently has a consensus rating of “Hold” and a consensus price target of $46.90.

Check Out Our Latest Research Report on Altria Group

Altria Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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