Altria Group, Inc. (NYSE:MO) Holdings Boosted by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC grew its stake in shares of Altria Group, Inc. (NYSE:MO) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,058 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in Altria Group were worth $212,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its holdings in shares of Altria Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 2,159,890 shares of the company’s stock valued at $107,679,000 after purchasing an additional 46,697 shares during the period. CWM LLC lifted its stake in shares of Altria Group by 15.3% in the 3rd quarter. CWM LLC now owns 305,704 shares of the company’s stock worth $15,603,000 after acquiring an additional 40,574 shares during the period. Regal Investment Advisors LLC raised its holdings in Altria Group by 4.2% during the second quarter. Regal Investment Advisors LLC now owns 251,933 shares of the company’s stock worth $11,476,000 after purchasing an additional 10,079 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Altria Group by 2.3% in the third quarter. Commonwealth Equity Services LLC now owns 1,456,308 shares of the company’s stock worth $74,330,000 after purchasing an additional 32,318 shares during the period. Finally, CWA Asset Management Group LLC increased its position in shares of Altria Group by 5.3% during the 4th quarter. CWA Asset Management Group LLC now owns 240,454 shares of the company’s stock valued at $12,573,000 after purchasing an additional 12,011 shares during the period. 57.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Bank of America upgraded Altria Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Citigroup raised their target price on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Barclays raised their price objective on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $53.33.

Altria Group Stock Up 0.3 %

MO stock traded up $0.14 during mid-day trading on Monday, reaching $51.01. 2,977,893 shares of the stock traded hands, compared to its average volume of 6,286,995. The firm has a market capitalization of $86.45 billion, a PE ratio of 8.62, a P/E/G ratio of 3.03 and a beta of 0.64. The business has a 50-day moving average of $54.56 and a two-hundred day moving average of $51.84. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (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 firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same quarter last year, the firm posted $1.28 EPS. The company’s revenue was up 18.6% on a year-over-year basis. On average, equities research analysts anticipate that Altria Group, Inc. will post 5.12 EPS for the current fiscal year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a $1.02 dividend. The ex-dividend date was Thursday, December 26th. This represents a $4.08 annualized dividend and a yield of 8.00%. Altria Group’s dividend payout ratio is 68.92%.

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.