Altria Group, Inc. (NYSE:MO) Stock Position Decreased by Olistico Wealth LLC

Olistico Wealth LLC decreased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 31.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 639 shares of the company’s stock after selling 300 shares during the period. Olistico Wealth LLC’s holdings in Altria Group were worth $38,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Adell Harriman & Carpenter Inc. bought a new stake in Altria Group in the first quarter valued at $376,000. Concurrent Investment Advisors LLC increased its holdings in shares of Altria Group by 31.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 114,212 shares of the company’s stock worth $6,855,000 after acquiring an additional 27,270 shares during the period. Elite Financial Inc. acquired a new stake in shares of Altria Group in the 1st quarter worth about $192,000. World Investment Advisors lifted its position in Altria Group by 24.4% in the 1st quarter. World Investment Advisors now owns 45,562 shares of the company’s stock valued at $2,735,000 after purchasing an additional 8,939 shares during the last quarter. Finally, Truist Financial Corp lifted its position in Altria Group by 16.8% in the 1st quarter. Truist Financial Corp now owns 2,823,309 shares of the company’s stock valued at $169,455,000 after purchasing an additional 405,235 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analysts Set New Price Targets

MO has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of Altria Group from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. UBS Group upgraded Altria Group from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $47.00 to $59.00 in a research report on Wednesday. Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Citigroup lifted their target price on Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Altria Group presently has a consensus rating of “Hold” and an average price target of $57.71.

Altria Group Price Performance

Altria Group stock opened at $59.62 on Friday. Altria Group, Inc. has a 12-month low of $45.87 and a 12-month high of $61.26. The stock has a market capitalization of $100.43 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 3.49 and a beta of 0.59. The firm has a 50 day simple moving average of $59.28 and a 200-day simple moving average of $56.45.

Altria Group (NYSE:MO) last released its earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.64 billion. Altria Group had a negative return on equity of 295.44% and a net margin of 43.09%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 earnings per share. On average, analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be issued a $1.02 dividend. The ex-dividend date is Monday, June 16th. This represents a $4.08 annualized dividend and a dividend yield of 6.84%. Altria Group’s dividend payout ratio (DPR) is 68.34%.

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.