Prevail Innovative Wealth Advisors LLC Increases Holdings in Altria Group, Inc. $MO

Prevail Innovative Wealth Advisors LLC raised its holdings in shares of Altria Group, Inc. (NYSE:MO) by 69.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,030 shares of the company’s stock after purchasing 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.

Several other institutional investors and hedge funds have also bought and sold shares of MO. Vinva Investment Management Ltd bought a new stake in shares of Altria Group in the 3rd quarter worth approximately $2,284,000. Parallel Advisors LLC increased its stake in shares of Altria Group by 6.8% during the third quarter. Parallel Advisors LLC now owns 44,669 shares of the company’s stock valued at $2,951,000 after buying an additional 2,851 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of Altria Group by 7.0% during the third quarter. CreativeOne Wealth LLC now owns 226,184 shares of the company’s stock valued at $14,942,000 after acquiring an additional 14,777 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Altria Group by 3.5% during the third quarter. Natixis Advisors LLC now owns 1,226,283 shares of the company’s stock valued at $81,008,000 after acquiring an additional 41,390 shares in the last quarter. Finally, Ameriflex Group Inc. lifted its stake in Altria Group by 213.6% in the third quarter. Ameriflex Group Inc. now owns 14,644 shares of the company’s stock worth $967,000 after acquiring an additional 9,975 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Stock Down 0.7%

Shares of MO stock opened at $66.48 on Monday. The stock has a market cap of $111.15 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.84 and a beta of 0.45. The business’s fifty day moving average is $63.25 and its 200 day moving average is $62.58. Altria Group, Inc. has a twelve month low of $52.82 and a twelve month high of $70.51.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, January 29th. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.02). Altria Group had a negative return on equity of 287.61% and a net margin of 29.84%.The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 earnings per share. Equities research analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, March 25th will be paid a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Wednesday, March 25th. Altria Group’s dividend payout ratio (DPR) is presently 103.16%.

Analyst Upgrades and Downgrades

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

Altria Group 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.