Maia Wealth LLC Makes New $277,000 Investment in Altria Group, Inc. (NYSE:MO)

Maia Wealth LLC acquired a new stake in shares of Altria Group, Inc. (NYSE:MO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,810 shares of the company’s stock, valued at approximately $277,000.

Several other large investors also recently modified their holdings of MO. Maryland Capital Advisors Inc. lifted its holdings in Altria Group by 154.4% during the 1st quarter. Maryland Capital Advisors Inc. now owns 575 shares of the company’s stock valued at $25,000 after purchasing an additional 349 shares during the last quarter. Accordant Advisory Group Inc bought a new position in shares of Altria Group in the first quarter valued at approximately $26,000. Criterion Capital Advisors LLC acquired a new position in shares of Altria Group in the 4th quarter worth approximately $27,000. BNP Paribas acquired a new position in shares of Altria Group in the 1st quarter worth approximately $27,000. Finally, Pineridge Advisors LLC bought a new stake in Altria Group during the 4th quarter worth approximately $28,000. 57.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MO has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on Altria Group from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Argus upgraded shares of Altria Group to a “hold” rating in a research report on Friday, May 31st. Stifel Nicolaus upped their target price on shares of Altria Group from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Altria Group currently has an average rating of “Hold” and an average price target of $47.90.

Altria Group Trading Down 0.2 %

Shares of MO traded down $0.08 on Wednesday, reaching $51.03. 270,434 shares of the company’s stock were exchanged, compared to its average volume of 10,570,280. Altria Group, Inc. has a 12 month low of $39.06 and a 12 month high of $51.40. The stock has a market capitalization of $87.65 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. The business has a 50 day moving average price of $47.67 and a two-hundred day moving average price of $44.50.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Altria Group had a net margin of 42.25% and a negative return on equity of 232.55%. The company had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period last year, the company earned $1.31 earnings per share. The business’s revenue was up 14.2% compared to the same quarter last year. Equities research analysts predict that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date was Friday, June 14th. Altria Group’s payout ratio is currently 82.01%.

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.