One Wealth Advisors LLC Purchases 577 Shares of Altria Group, Inc. (NYSE:MO)

One Wealth Advisors LLC increased its position in Altria Group, Inc. (NYSE:MO) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,566 shares of the company’s stock after acquiring an additional 577 shares during the quarter. One Wealth Advisors LLC’s holdings in Altria Group were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MO. State Street Corp increased its position in Altria Group by 5.6% during the third quarter. State Street Corp now owns 73,481,686 shares of the company’s stock worth $3,821,831,000 after acquiring an additional 3,910,738 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Altria Group by 729.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock worth $100,511,000 after purchasing an additional 1,731,932 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Altria Group by 3,786.6% during the third quarter. Assenagon Asset Management S.A. now owns 1,743,443 shares of the company’s stock valued at $88,985,000 after buying an additional 1,698,585 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Altria Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company’s stock valued at $2,079,919,000 after buying an additional 1,003,605 shares during the period. Finally, National Pension Service increased its stake in Altria Group by 19.9% during the third quarter. National Pension Service now owns 4,034,414 shares of the company’s stock valued at $205,916,000 after acquiring an additional 670,858 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

MO has been the subject of a number of research reports. Citigroup raised their price objective on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Morgan Stanley decreased their price target on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.29.

Altria Group Trading Up 1.3 %

Shares of Altria Group stock opened at $52.20 on Monday. The stock has a market capitalization of $88.46 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 2.78 and a beta of 0.64. The firm’s 50-day moving average price is $53.57 and its two-hundred day moving average price is $52.37. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. As a group, equities research analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio is currently 62.29%.

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.