Altria Group, Inc. (NYSE:MO) Position Increased by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV raised its holdings in shares of Altria Group, Inc. (NYSE:MO) by 40.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,932 shares of the company’s stock after buying an additional 850 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Altria Group were worth $153,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Aviance Capital Partners LLC boosted its stake in Altria Group by 0.5% in the 3rd quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock worth $2,060,000 after purchasing an additional 191 shares during the period. Horst & Graben Wealth Management LLC lifted its position in Altria Group by 1.5% in the 4th quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company’s stock worth $681,000 after buying an additional 198 shares in the last quarter. Fragasso Financial Advisors Inc lifted its position in Altria Group by 3.3% in the 4th quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company’s stock worth $330,000 after buying an additional 199 shares in the last quarter. Ridgecrest Wealth Partners LLC raised its holdings in shares of Altria Group by 3.5% during the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock valued at $299,000 after purchasing an additional 200 shares in the last quarter. Finally, First Citizens Financial Corp raised its holdings in shares of Altria Group by 4.8% during the 4th quarter. First Citizens Financial Corp now owns 4,402 shares of the company’s stock valued at $230,000 after purchasing an additional 200 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Altria Group Price Performance

Shares of MO opened at $55.01 on Monday. The company has a market capitalization of $93.22 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 2.89 and a beta of 0.64. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The company’s fifty day moving average price is $52.61 and its 200 day moving average price is $52.75.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. Analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

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 7.42%. Altria Group’s dividend payout ratio is 62.29%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $55.00 to $65.00 in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus raised their price target on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley dropped their target price on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $53.29.

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.