Prevail Innovative Wealth Advisors LLC Buys 9,863 Shares of Altria Group, Inc. $MO

Prevail Innovative Wealth Advisors LLC grew its stake in Altria Group, Inc. (NYSE:MO) by 69.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,030 shares of the company’s stock after buying an additional 9,863 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Altria Group were worth $1,587,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MO. Brighton Jones LLC lifted its holdings in shares of Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock worth $926,000 after acquiring an additional 6,954 shares during the last quarter. Sivia Capital Partners LLC grew its position in Altria Group by 86.3% in the second quarter. Sivia Capital Partners LLC now owns 6,361 shares of the company’s stock worth $373,000 after acquiring an additional 2,946 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Altria Group by 6.9% in the second quarter. Schnieders Capital Management LLC. now owns 9,630 shares of the company’s stock valued at $565,000 after acquiring an additional 618 shares during the last quarter. Savant Capital LLC increased its stake in Altria Group by 8.0% in the second quarter. Savant Capital LLC now owns 111,061 shares of the company’s stock valued at $6,511,000 after acquiring an additional 8,273 shares during the last quarter. Finally, KCM Investment Advisors LLC raised its position in Altria Group by 48.0% during the second quarter. KCM Investment Advisors LLC now owns 13,315 shares of the company’s stock valued at $781,000 after purchasing an additional 4,320 shares in the last quarter. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Performance

NYSE:MO opened at $66.48 on Monday. Altria Group, Inc. has a fifty-two week low of $52.82 and a fifty-two week high of $70.51. The firm has a market cap of $111.15 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 2.84 and a beta of 0.45. The business has a 50 day moving average price of $63.25 and a 200-day moving average price of $62.58.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, January 29th. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.02). Altria Group had a negative return on equity of 287.61% and a net margin of 29.84%.During the same quarter in the previous year, the company earned $1.30 earnings per share. Altria Group’s revenue was down .5% compared to the same quarter last year. Research analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, March 25th will be given a $1.06 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.4%. Altria Group’s payout ratio is presently 103.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MO shares. Stifel Nicolaus dropped their price target on Altria Group from $72.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Jefferies Financial Group increased their price objective on Altria Group from $47.00 to $50.00 and gave the company an “underperform” rating in a research report on Wednesday, March 4th. Barclays raised their price objective on Altria Group from $57.00 to $63.00 and gave the company an “underweight” rating in a report on Monday, February 23rd. UBS Group boosted their target price on Altria Group from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Citigroup upped their target price on Altria Group from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Altria Group has a consensus rating of “Hold” and a consensus price target of $64.33.

Altria Group Company Profile

Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.