Capital Advisory Group Advisory Services LLC Buys 1,086 Shares of Altria Group, Inc. (NYSE:MO)

Capital Advisory Group Advisory Services LLC increased its stake in shares of Altria Group, Inc. (NYSE:MO) by 2.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 40,960 shares of the company’s stock after purchasing an additional 1,086 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Altria Group were worth $2,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC raised its holdings in Altria Group by 64.7% during the 4th quarter. Brighton Jones LLC now owns 17,702 shares of the company’s stock valued at $926,000 after buying an additional 6,954 shares during the last quarter. Savant Capital LLC increased its position in shares of Altria Group by 3.5% in the fourth quarter. Savant Capital LLC now owns 104,107 shares of the company’s stock valued at $5,444,000 after acquiring an additional 3,484 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in shares of Altria Group in the fourth quarter valued at about $71,000. Soltis Investment Advisors LLC raised its stake in shares of Altria Group by 24.3% during the fourth quarter. Soltis Investment Advisors LLC now owns 5,761 shares of the company’s stock valued at $301,000 after acquiring an additional 1,126 shares during the last quarter. Finally, MADDEN SECURITIES Corp boosted its holdings in shares of Altria Group by 9.0% during the fourth quarter. MADDEN SECURITIES Corp now owns 27,156 shares of the company’s stock worth $1,420,000 after purchasing an additional 2,249 shares during the period. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup raised their target price on Altria Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Needham & Company LLC upgraded Altria Group to a “hold” rating in a report on Thursday, May 22nd. Barclays lifted their price target on shares of Altria Group from $46.00 to $49.00 and gave the company an “underweight” rating in a report on Friday, May 2nd. Wall Street Zen downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus raised their target price on shares of Altria Group from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Altria Group presently has an average rating of “Hold” and an average target price of $56.00.

Altria Group Trading Down 0.8%

MO opened at $58.58 on Wednesday. The company has a market cap of $98.68 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60. The stock has a fifty day simple moving average of $58.50 and a two-hundred day simple moving average of $56.05. Altria Group, Inc. has a 12-month low of $43.83 and a 12-month high of $61.26.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.04. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same period last year, the business earned $1.15 EPS. Altria Group’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date is Monday, June 16th. Altria Group’s dividend payout ratio is 68.34%.

Altria Group Company 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.