Barlow Wealth Partners Inc. Has $299,000 Holdings in Altria Group, Inc. (NYSE:MO)

Barlow Wealth Partners Inc. increased its position in shares of Altria Group, Inc. (NYSE:MO) by 17.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,137 shares of the company’s stock after purchasing an additional 765 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in Altria Group were worth $299,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Redwood Park Advisors LLC acquired a new position in shares of Altria Group in the 4th quarter valued at approximately $26,000. Inlight Wealth Management LLC bought a new position in Altria Group in the first quarter valued at approximately $31,000. VSM Wealth Advisory LLC bought a new position in Altria Group in the fourth quarter valued at approximately $29,000. Promus Capital LLC acquired a new position in Altria Group during the fourth quarter valued at approximately $33,000. Finally, Pinney & Scofield Inc. bought a new stake in Altria Group during the fourth quarter worth $33,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Stock Up 1.6%

Shares of MO stock opened at $59.08 on Thursday. Altria Group, Inc. has a twelve month low of $45.73 and a twelve month high of $61.26. The stock’s fifty day simple moving average is $59.23 and its 200 day simple moving average is $56.36. The firm has a market capitalization of $99.52 billion, a P/E ratio of 9.90, a P/E/G ratio of 3.40 and a beta of 0.59.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period last year, the firm posted $1.15 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, equities research analysts expect that Altria Group, Inc. will post 5.32 EPS for the current fiscal 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 issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date is Monday, June 16th. Altria Group’s payout ratio is 68.34%.

Wall Street Analyst Weigh In

MO has been the topic of a number of research analyst reports. UBS Group raised Altria Group from a “sell” rating to a “neutral” rating and raised their target price for the company from $47.00 to $59.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft set a $60.00 price objective on Altria Group in a research report on Tuesday, April 1st. Barclays lifted their target price on Altria Group from $46.00 to $49.00 and gave the company an “underweight” rating in a research report on Friday, May 2nd. Needham & Company LLC raised shares of Altria Group to a “hold” rating in a report on Thursday, May 22nd. Finally, Stifel Nicolaus raised their price target on shares of Altria Group from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Altria Group presently has an average rating of “Hold” and a consensus price target of $57.71.

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.