Altria Group, Inc. $MO Shares Acquired by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC increased its holdings in shares of Altria Group, Inc. (NYSE:MOFree Report) by 153.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,847 shares of the company’s stock after purchasing an additional 15,046 shares during the period. International Private Wealth Advisors LLC’s holdings in Altria Group were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC acquired a new position in shares of Altria Group during the second quarter worth about $27,000. EMC Capital Management purchased a new stake in shares of Altria Group in the third quarter worth about $33,000. Elevation Wealth Partners LLC grew its stake in shares of Altria Group by 79.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 630 shares of the company’s stock valued at $36,000 after buying an additional 278 shares in the last quarter. Gould Capital LLC acquired a new stake in shares of Altria Group in the third quarter valued at about $39,000. Finally, WFA of San Diego LLC purchased a new stake in shares of Altria Group during the 2nd quarter valued at about $39,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Charles N. Whitaker sold 27,908 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $67.57, for a total value of $1,885,743.56. Following the sale, the senior vice president directly owned 180,869 shares of the company’s stock, valued at $12,221,318.33. This represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.08% of the company’s stock.

Altria Group Stock Performance

NYSE:MO opened at $66.46 on Friday. The stock has a market cap of $111.11 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 2.76 and a beta of 0.45. Altria Group, Inc. has a one year low of $52.82 and a one year high of $70.51. The business’s 50-day simple moving average is $65.60 and its 200 day simple moving average is $62.54.

Altria Group (NYSE:MOGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.02). Altria Group had a net margin of 29.84% and a negative return on equity of 287.61%. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the business earned $1.30 EPS. Altria Group’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Wednesday, March 25th. Altria Group’s payout ratio is 103.16%.

Analysts Set New Price Targets

Several research firms recently commented on MO. Argus raised Altria Group to a “hold” rating in a research report on Tuesday, January 13th. Barclays increased their price objective on shares of Altria Group from $57.00 to $63.00 and gave the company an “underweight” rating in a research report on Monday, February 23rd. Jefferies Financial Group boosted their target price on shares of Altria Group from $47.00 to $50.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. UBS Group upped their target price on shares of Altria Group from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Stifel Nicolaus lowered their price target 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. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Altria Group currently has an average rating of “Hold” and a consensus price target of $65.11.

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Altria Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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