Oak Hill Wealth Advisors LLC Has $2.44 Million Stake in Altria Group, Inc. (NYSE:MO)

Oak Hill Wealth Advisors LLC lifted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,567 shares of the company’s stock after buying an additional 4,666 shares during the quarter. Oak Hill Wealth Advisors LLC’s holdings in Altria Group were worth $2,435,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Redwood Park Advisors LLC acquired a new stake in shares of Altria Group during the 4th quarter worth approximately $26,000. VSM Wealth Advisory LLC bought a new position in Altria Group during the 4th quarter worth approximately $29,000. Inlight Wealth Management LLC bought a new position in Altria Group during the 1st quarter worth approximately $31,000. Promus Capital LLC bought a new position in Altria Group during the 4th quarter worth approximately $33,000. Finally, Pinney & Scofield Inc. bought a new position in Altria Group during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MO. Needham & Company LLC raised shares of Altria Group to a “hold” rating in a research note on Thursday, May 22nd. Citigroup lifted their price objective on shares of Altria Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Stifel Nicolaus lifted their price objective on shares of Altria Group from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Wall Street Zen lowered shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Finally, UBS Group lifted their price target on shares of Altria Group from $46.00 to $47.00 and gave the company a “sell” rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $56.00.

Altria Group Stock Down 1.5%

Shares of MO stock opened at $59.01 on Thursday. The company’s fifty day simple moving average is $59.19 and its 200-day simple moving average is $56.24. The firm has a market cap of $99.40 billion, a PE ratio of 9.88, a P/E/G ratio of 3.51 and a beta of 0.60. Altria Group, Inc. has a 12 month low of $45.17 and a 12 month high of $61.26.

Altria Group (NYSE:MO) last issued its earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.64 billion. Altria Group had a net margin of 43.09% and a negative return on equity of 295.44%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 earnings per share. On average, equities analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $4.08 annualized dividend and a dividend yield of 6.91%. Altria Group’s dividend payout ratio is currently 68.34%.

Altria Group Company 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.