Brady Martz Wealth Solutions LLC Trims Stock Holdings in Altria Group, Inc. (NYSE:MO)

Brady Martz Wealth Solutions LLC decreased its holdings in Altria Group, Inc. (NYSE:MO) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,409 shares of the company’s stock after selling 274 shares during the quarter. Brady Martz Wealth Solutions LLC’s holdings in Altria Group were worth $1,585,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MO. Charles Schwab Investment Management Inc. raised its position in Altria Group by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,805,286 shares of the company’s stock worth $3,127,218,000 after buying an additional 2,296,972 shares during the last quarter. Geode Capital Management LLC raised its holdings in Altria Group by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 41,938,507 shares of the company’s stock worth $2,193,687,000 after purchasing an additional 1,134,748 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Altria Group by 0.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 22,273,491 shares of the company’s stock worth $1,164,681,000 after purchasing an additional 76,004 shares in the last quarter. Northern Trust Corp raised its holdings in Altria Group by 9.6% during the fourth quarter. Northern Trust Corp now owns 16,432,535 shares of the company’s stock worth $859,257,000 after purchasing an additional 1,444,021 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Altria Group by 9.1% during the 4th quarter. Invesco Ltd. now owns 11,801,958 shares of the company’s stock worth $617,124,000 after buying an additional 983,328 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Stock Up 0.7%

Shares of NYSE:MO opened at $59.41 on Thursday. The company has a market cap of $100.07 billion, a P/E ratio of 9.95, a P/E/G ratio of 3.44 and a beta of 0.60. Altria Group, Inc. has a 52 week low of $44.53 and a 52 week high of $61.26. The business has a fifty day simple moving average of $58.92 and a 200-day simple moving average of $56.14.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.19 by $0.04. Altria Group had a negative return on equity of 295.44% and a net margin of 43.09%. The company had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter in the previous year, the business earned $1.15 EPS. The firm’s revenue was down 4.2% on a year-over-year basis. Sell-side analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date is Monday, June 16th. Altria Group’s payout ratio is currently 68.34%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Needham & Company LLC upgraded Altria Group to a “hold” rating in a research report on Thursday, May 22nd. Stifel Nicolaus raised their target price on shares of Altria Group from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Wall Street Zen downgraded Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Citigroup raised their price target on Altria Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Finally, UBS Group lifted their price objective on Altria Group from $46.00 to $47.00 and gave the stock a “sell” rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Altria Group presently has a consensus rating of “Hold” and an average price target of $56.00.

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.