San Luis Wealth Advisors LLC Has $763,000 Stake in Altria Group, Inc. (NYSE:MO)

San Luis Wealth Advisors LLC decreased its position in Altria Group, Inc. (NYSE:MO) by 22.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,715 shares of the company’s stock after selling 3,722 shares during the period. San Luis Wealth Advisors LLC’s holdings in Altria Group were worth $763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Redwood Park Advisors LLC acquired a new position in Altria Group in the fourth quarter valued at $26,000. VSM Wealth Advisory LLC acquired a new position in Altria Group in the fourth quarter valued at $29,000. Marshall Investment Management LLC acquired a new position in Altria Group in the fourth quarter valued at $32,000. Promus Capital LLC bought a new stake in Altria Group in the fourth quarter valued at $33,000. Finally, Pinney & Scofield Inc. bought a new stake in Altria Group in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MO. Needham & Company LLC raised shares of Altria Group to a “hold” rating in a research note on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft set a $60.00 price target on shares of Altria Group in a research note on Tuesday, April 1st. Stifel Nicolaus lifted their price target on shares of Altria Group from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Citigroup lifted their price target on shares of Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Finally, Barclays boosted their target price on shares of Altria Group from $46.00 to $49.00 and gave the stock an “underweight” rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.00.

Altria Group Stock Performance

Shares of MO stock opened at $58.77 on Tuesday. Altria Group, Inc. has a 52-week low of $43.92 and a 52-week high of $61.26. The company has a 50-day simple moving average of $58.81 and a two-hundred day simple moving average of $56.10. The company has a market capitalization of $99.00 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 2.89 and a beta of 0.60.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the prior year, the firm posted $1.15 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend is Monday, June 16th. Altria Group’s payout ratio is 68.34%.

About Altria Group

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.