Altria Group, Inc. (NYSE:MO) Shares Bought by CVA Family Office LLC

CVA Family Office LLC lifted its stake in shares of Altria Group, Inc. (NYSE:MO) by 7.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,937 shares of the company’s stock after buying an additional 683 shares during the quarter. CVA Family Office LLC’s holdings in Altria Group were worth $507,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Maryland Capital Advisors Inc. grew its position in shares of Altria Group by 154.4% during the first quarter. Maryland Capital Advisors Inc. now owns 575 shares of the company’s stock worth $25,000 after buying an additional 349 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in Altria Group in the second quarter valued at approximately $27,000. BNP Paribas acquired a new position in Altria Group in the first quarter valued at approximately $27,000. Hobbs Group Advisors LLC acquired a new position in Altria Group in the second quarter valued at approximately $30,000. Finally, Westend Capital Management LLC acquired a new position in Altria Group in the first quarter valued at approximately $29,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Stifel Nicolaus upped their price target on Altria Group from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, August 1st. StockNews.com downgraded Altria Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Barclays upped their price target on Altria Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Monday, September 9th. Bank of America boosted their price objective on Altria Group from $52.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Finally, UBS Group boosted their price objective on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.17.

Altria Group Trading Up 0.3 %

Shares of Altria Group stock traded up $0.16 during trading hours on Friday, hitting $49.84. 4,542,807 shares of the company were exchanged, compared to its average volume of 10,065,752. Altria Group, Inc. has a 1 year low of $39.06 and a 1 year high of $54.95. The business has a 50-day moving average of $51.55 and a 200-day moving average of $47.56. The stock has a market capitalization of $85.61 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of 2.90 and a beta of 0.65.

Altria Group (NYSE:MO) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.04). Altria Group had a negative return on equity of 232.55% and a net margin of 42.25%. The company had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter last year, the company earned $1.31 EPS. Altria Group’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, research analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 16th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 8.19%. The ex-dividend date was Monday, September 16th. This is a boost from Altria Group’s previous quarterly dividend of $0.98. Altria Group’s dividend payout ratio is 85.36%.

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.