Altria Group, Inc. (NYSE:MO) Shares Bought by Retirement Guys Formula LLC

Retirement Guys Formula LLC lifted its position in shares of Altria Group, Inc. (NYSE:MO) by 15.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,905 shares of the company’s stock after acquiring an additional 2,915 shares during the quarter. Retirement Guys Formula LLC’s holdings in Altria Group were worth $1,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. NorthCrest Asset Manangement LLC raised its holdings in Altria Group by 88.5% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 8,536 shares of the company’s stock valued at $512,000 after acquiring an additional 4,007 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of Altria Group by 64.7% in the fourth quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after purchasing an additional 6,954 shares during the last quarter. Blueprint Investment Partners LLC lifted its position in Altria Group by 115.5% during the fourth quarter. Blueprint Investment Partners LLC now owns 13,115 shares of the company’s stock worth $686,000 after buying an additional 7,030 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in Altria Group during the fourth quarter worth $3,091,000. Finally, Simplicity Wealth LLC grew its holdings in Altria Group by 152.2% in the 1st quarter. Simplicity Wealth LLC now owns 58,268 shares of the company’s stock valued at $3,497,000 after buying an additional 35,168 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MO. Barclays lifted their price target on Altria Group from $46.00 to $49.00 and gave the stock an “underweight” rating in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft set a $60.00 target price on shares of Altria Group in a research note on Tuesday, April 1st. Stifel Nicolaus increased 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 report on Friday, April 25th. Finally, Needham & Company LLC upgraded Altria Group to a “hold” rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $56.00.

Altria Group Stock Performance

Shares of MO stock opened at $60.52 on Tuesday. The firm has a market cap of $101.94 billion, a P/E ratio of 10.14, a P/E/G ratio of 3.49 and a beta of 0.61. The firm’s 50 day moving average price is $59.11 and its 200-day moving average price is $56.19. Altria Group, Inc. has a one year low of $45.17 and a one year high of $61.26.

Altria Group (NYSE:MO) last announced its earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.04. Altria Group had a negative return on equity of 295.44% and a net margin of 43.09%. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the previous year, the company earned $1.15 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, research analysts predict that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 6.74%. The ex-dividend date is Monday, June 16th. Altria Group’s payout ratio is 68.34%.

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.