Onyx Bridge Wealth Group LLC raised its holdings in Altria Group, Inc. (NYSE:MO – Get Rating) by 23.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,436 shares of the company’s stock after purchasing an additional 2,011 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Altria Group were worth $485,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MO. Sei Investments Co. grew its position in Altria Group by 1.6% during the first quarter. Sei Investments Co. now owns 404,894 shares of the company’s stock worth $21,248,000 after buying an additional 6,324 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Altria Group by 5.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 18,647 shares of the company’s stock worth $974,000 after purchasing an additional 929 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Altria Group in the first quarter worth $25,000. Mackenzie Financial Corp raised its stake in Altria Group by 3.4% in the first quarter. Mackenzie Financial Corp now owns 2,711,773 shares of the company’s stock valued at $141,690,000 after purchasing an additional 89,334 shares in the last quarter. Finally, First Western Trust Bank bought a new stake in Altria Group during the first quarter worth about $498,000. Institutional investors and hedge funds own 58.68% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have commented on MO shares. Morgan Stanley raised their target price on shares of Altria Group from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, January 23rd. Citigroup boosted their price objective on shares of Altria Group from $46.50 to $49.50 and gave the company a “neutral” rating in a research report on Tuesday, February 7th. Finally, StockNews.com initiated coverage on Altria Group in a report on Thursday. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and a consensus target price of $47.13.
Altria Group Trading Down 1.8 %
Altria Group (NYSE:MO – Get Rating) last posted its earnings results on Wednesday, February 1st. The company reported $1.18 EPS for the quarter, hitting the consensus estimate of $1.18. Altria Group had a net margin of 22.97% and a negative return on equity of 284.29%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same period last year, the company earned $1.09 EPS. The firm’s revenue was down 18.7% compared to the same quarter last year. On average, sell-side analysts predict that Altria Group, Inc. will post 5.07 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 Friday, April 28th. Investors of record on Friday, March 24th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a $3.76 dividend on an annualized basis and a yield of 8.30%. Altria Group’s payout ratio is 117.87%.
Altria Group Company Profile
Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Oral tobacco products, and Wine. The Smokeable Products segment consists of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.
- Get a free copy of the StockNews.com research report on Altria Group (MO)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
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.