Altria Group, Inc. (NYSE:MO) Stock Holdings Raised by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its stake in shares of Altria Group, Inc. (NYSE:MO) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,111 shares of the company’s stock after purchasing an additional 25,192 shares during the period. Kingsview Wealth Management LLC’s holdings in Altria Group were worth $8,268,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Apollon Wealth Management LLC increased its holdings in shares of Altria Group by 14.5% in the 4th quarter. Apollon Wealth Management LLC now owns 97,164 shares of the company’s stock valued at $5,081,000 after acquiring an additional 12,307 shares during the last quarter. Vest Financial LLC grew its position in shares of Altria Group by 8.3% during the 4th quarter. Vest Financial LLC now owns 9,622 shares of the company’s stock valued at $503,000 after buying an additional 741 shares during the last quarter. Joel Isaacson & Co. LLC lifted its holdings in shares of Altria Group by 2.2% in the 4th quarter. Joel Isaacson & Co. LLC now owns 16,365 shares of the company’s stock worth $856,000 after purchasing an additional 351 shares during the last quarter. Realta Investment Advisors boosted its position in Altria Group by 15.7% during the 4th quarter. Realta Investment Advisors now owns 9,009 shares of the company’s stock valued at $479,000 after purchasing an additional 1,222 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in shares of Altria Group during the fourth quarter worth about $291,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Price Performance

Shares of MO opened at $52.65 on Friday. The firm’s 50 day moving average is $53.09 and its 200-day moving average is $52.44. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03. The stock has a market capitalization of $89.24 billion, a P/E ratio of 8.04, a P/E/G ratio of 2.80 and a beta of 0.64.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. As a group, equities research analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given a $1.02 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.75%. Altria Group’s dividend payout ratio (DPR) is 62.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MO. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus increased their price target on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Morgan Stanley decreased their target price on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $53.29.

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.