McGlone Suttner Wealth Management Inc. Grows Stake in Altria Group, Inc. (NYSE:MO)

McGlone Suttner Wealth Management Inc. raised its position in Altria Group, Inc. (NYSE:MO) by 5.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,085 shares of the company’s stock after purchasing an additional 346 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Altria Group were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MO. Franklin Resources Inc. increased its position in Altria Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 2,159,890 shares of the company’s stock worth $107,679,000 after buying an additional 46,697 shares in the last quarter. CWM LLC increased its position in Altria Group by 15.3% during the 3rd quarter. CWM LLC now owns 305,704 shares of the company’s stock worth $15,603,000 after purchasing an additional 40,574 shares in the last quarter. Czech National Bank raised its stake in Altria Group by 5.7% in the 4th quarter. Czech National Bank now owns 367,469 shares of the company’s stock valued at $19,215,000 after purchasing an additional 19,893 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in Altria Group by 4.2% in the 2nd quarter. Regal Investment Advisors LLC now owns 251,933 shares of the company’s stock valued at $11,476,000 after purchasing an additional 10,079 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Altria Group by 2.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,456,308 shares of the company’s stock worth $74,330,000 after purchasing an additional 32,318 shares during the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Altria Group Stock Performance

Shares of NYSE:MO opened at $51.17 on Friday. The business’s 50-day simple moving average is $54.10 and its 200 day simple moving average is $52.10. The company has a market cap of $86.72 billion, a P/E ratio of 8.64, a PEG ratio of 2.67 and a beta of 0.64. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 earnings per share. Analysts predict that Altria Group, Inc. will post 5.13 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date was Thursday, December 26th. Altria Group’s payout ratio is 68.92%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MO shares. Morgan Stanley assumed coverage on shares of Altria Group in a research report on Thursday, January 16th. They issued an “equal weight” rating and a $54.00 price objective for the company. Citigroup increased their price target on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Barclays increased their target price on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.43.

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.