Fiduciary Group LLC Raises Position in Altria Group Inc (NYSE:MO)

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Fiduciary Group LLC raised its stake in shares of Altria Group Inc (NYSE:MO) by 9.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,206 shares of the company’s stock after purchasing an additional 800 shares during the period. Fiduciary Group LLC’s holdings in Altria Group were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of MO. Cedar Mountain Advisors LLC purchased a new stake in Altria Group during the fourth quarter valued at approximately $27,000. New South Capital Management Inc. purchased a new stake in Altria Group during the fourth quarter valued at approximately $30,000. Pflug Koory LLC raised its position in Altria Group by 70.0% during the first quarter. Pflug Koory LLC now owns 765 shares of the company’s stock valued at $30,000 after purchasing an additional 315 shares during the period. Sanders Morris Harris LLC raised its position in Altria Group by 5.1% during the first quarter. Sanders Morris Harris LLC now owns 82,156 shares of the company’s stock valued at $31,000 after purchasing an additional 4,006 shares during the period. Finally, Country Trust Bank raised its position in Altria Group by 58.4% during the first quarter. Country Trust Bank now owns 814 shares of the company’s stock valued at $31,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 63.50% of the company’s stock.

NYSE:MO traded up $0.19 during midday trading on Friday, hitting $37.73. The stock had a trading volume of 6,861,912 shares, compared to its average volume of 10,536,376. Altria Group Inc has a one year low of $30.95 and a one year high of $53.11. The company has a market capitalization of $69.76 billion, a price-to-earnings ratio of -77.00, a PEG ratio of 1.76 and a beta of 0.45. The stock has a 50-day moving average of $38.45 and a 200 day moving average of $44.43. The company has a quick ratio of 0.53, a current ratio of 0.71 and a debt-to-equity ratio of 4.06.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.11. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.51 billion. Altria Group had a positive return on equity of 84.55% and a negative net margin of 3.33%. Altria Group’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 earnings per share. On average, sell-side analysts anticipate that Altria Group Inc will post 4.26 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.36 dividend on an annualized basis and a yield of 8.91%. Altria Group’s dividend payout ratio is currently 79.62%.

A number of research analysts have recently commented on the company. Deutsche Bank cut their target price on Altria Group from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Royal Bank of Canada reaffirmed a “buy” rating and set a $68.00 target price on shares of Altria Group in a research note on Monday, March 23rd. Panmure Gordon raised Altria Group from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Friday, April 3rd. Cfra upped their target price on Altria Group from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley raised Altria Group from an “equal weight” rating to an “overweight” rating and set a $49.00 target price on the stock in a research note on Monday, March 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. Altria Group has an average rating of “Buy” and a consensus price target of $50.79.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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