WCG Wealth Advisors LLC raised its position in Altria Group, Inc. (NYSE:MO – Free Report) by 121.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 24,244 shares of the company’s stock after purchasing an additional 13,293 shares during the period. WCG Wealth Advisors LLC’s holdings in Altria Group were worth $1,398,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Johnson & White Wealth Management LLC grew its holdings in Altria Group by 1.2% during the fourth quarter. Johnson & White Wealth Management LLC now owns 12,704 shares of the company’s stock worth $733,000 after purchasing an additional 154 shares during the period. Kanawha Capital Management LLC grew its holdings in Altria Group by 0.8% during the fourth quarter. Kanawha Capital Management LLC now owns 19,546 shares of the company’s stock worth $1,127,000 after purchasing an additional 160 shares during the period. Strategic Advisors LLC grew its holdings in Altria Group by 2.0% during the fourth quarter. Strategic Advisors LLC now owns 8,243 shares of the company’s stock worth $475,000 after purchasing an additional 160 shares during the period. Acorn Wealth Advisors LLC grew its holdings in Altria Group by 1.6% during the fourth quarter. Acorn Wealth Advisors LLC now owns 10,117 shares of the company’s stock worth $583,000 after purchasing an additional 163 shares during the period. Finally, SOA Wealth Advisors LLC. grew its holdings in Altria Group by 17.1% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,166 shares of the company’s stock worth $67,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.
Altria Group Stock Up 2.4%
Shares of NYSE:MO opened at $72.32 on Friday. Altria Group, Inc. has a 12-month low of $54.70 and a 12-month high of $74.56. The stock has a market cap of $120.77 billion, a PE ratio of 15.13, a P/E/G ratio of 2.64 and a beta of 0.46. The business has a 50 day moving average of $68.80 and a 200-day moving average of $64.45.
Altria Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Monday, June 15th. Altria Group’s payout ratio is currently 88.70%.
Insider Buying and Selling
In other news, Director Ellen R. Strahlman sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.56, for a total transaction of $145,120.00. Following the completion of the sale, the director owned 25,102 shares in the company, valued at $1,821,401.12. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $72.25, for a total value of $418,327.50. Following the sale, the director owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. This represents a 7.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Morgan Stanley set a $71.00 price target on Altria Group in a report on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $77.00 price target on shares of Altria Group in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Barclays lifted their price target on Altria Group from $63.00 to $64.00 and gave the stock an “underweight” rating in a report on Friday, May 15th. Finally, Bank of America boosted their price objective on Altria Group from $72.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, April 10th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Altria Group presently has an average rating of “Hold” and an average target price of $70.44.
View Our Latest Stock Report on MO
About Altria Group
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.
Featured Stories
- Five stocks we like better than Altria Group
- MarketBeat Week in Review – 06/01 – 06/05
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group, Inc. (NYSE:MO – Free Report).
Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.
