FLC Capital Advisors Has $735,000 Holdings in Altria Group, Inc. (NYSE:MO)

FLC Capital Advisors lifted its position in shares of Altria Group, Inc. (NYSE:MO) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,396 shares of the company’s stock after purchasing an additional 554 shares during the quarter. FLC Capital Advisors’ holdings in Altria Group were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MO. Van ECK Associates Corp boosted its stake in Altria Group by 120.6% in the 1st quarter. Van ECK Associates Corp now owns 8,762,047 shares of the company’s stock valued at $382,201,000 after buying an additional 4,789,788 shares in the last quarter. AQR Capital Management LLC boosted its stake in Altria Group by 25.0% in the 2nd quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock valued at $295,055,000 after buying an additional 1,299,703 shares in the last quarter. Cetera Investment Advisers boosted its stake in Altria Group by 415.4% in the 1st quarter. Cetera Investment Advisers now owns 984,285 shares of the company’s stock valued at $42,935,000 after buying an additional 793,327 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new stake in Altria Group in the 1st quarter valued at $27,613,000. Finally, Distillate Capital Partners LLC boosted its stake in Altria Group by 182,943.7% in the 2nd quarter. Distillate Capital Partners LLC now owns 569,266 shares of the company’s stock valued at $25,930,000 after buying an additional 568,955 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Up 0.5 %

MO stock opened at $50.15 on Thursday. The company has a market cap of $86.14 billion, a P/E ratio of 10.49, a PEG ratio of 2.90 and a beta of 0.65. Altria Group, Inc. has a twelve month low of $39.06 and a twelve month high of $54.95. The business has a fifty day moving average of $51.57 and a 200-day moving average of $47.70.

Altria Group (NYSE:MO) last released its earnings results on Wednesday, July 31st. The company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). The firm had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $5.39 billion. Altria Group had a negative return on equity of 232.55% and a net margin of 42.25%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 EPS. As a group, equities 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 disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 16th were paid a dividend of $1.02 per share. The ex-dividend date was Monday, September 16th. This is a boost from Altria Group’s previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a dividend yield of 8.14%. Altria Group’s payout ratio is 85.36%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MO. Citigroup boosted their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Stifel Nicolaus lifted their price objective on Altria Group from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Bank of America cut their price objective on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday. StockNews.com downgraded Altria Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, UBS Group lifted their price objective on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $48.20.

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.