International Private Wealth Advisors LLC Has $852,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

International Private Wealth Advisors LLC boosted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 13.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,201 shares of the company’s stock after purchasing an additional 1,632 shares during the period. International Private Wealth Advisors LLC’s holdings in Altria Group were worth $852,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MO. Raymond James Financial Inc. bought a new stake in Altria Group during the fourth quarter worth about $137,536,000. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $3,127,218,000 after purchasing an additional 2,296,972 shares in the last quarter. GAMMA Investing LLC increased its holdings in Altria Group by 6,969.4% during the 1st quarter. GAMMA Investing LLC now owns 2,162,401 shares of the company’s stock valued at $129,787,000 after purchasing an additional 2,131,813 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in Altria Group in the 4th quarter valued at $91,000. Finally, Northern Trust Corp boosted its stake in Altria Group by 9.6% in 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. 57.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MO has been the subject of a number of research reports. Wall Street Zen lowered Altria Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft set a $60.00 price objective on shares of Altria Group in a research report on Tuesday, April 1st. UBS Group upped their target price on shares of Altria Group from $46.00 to $47.00 and gave the stock a “sell” rating in a research report on Wednesday, April 30th. Citigroup raised their price target on shares of Altria Group from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Finally, Stifel Nicolaus boosted their price objective 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 assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Altria Group presently has a consensus rating of “Hold” and an average target price of $56.00.

Altria Group Stock Performance

Shares of Altria Group stock opened at $59.25 on Monday. Altria Group, Inc. has a 52 week low of $43.83 and a 52 week high of $61.26. The stock has a market capitalization of $99.80 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 2.89 and a beta of 0.60. The firm has a fifty day moving average of $58.45 and a two-hundred day moving average of $56.02.

Altria Group (NYSE:MO) last posted its 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. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.64 billion. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.15 EPS. As a group, research analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date is Monday, June 16th. Altria Group’s dividend payout ratio is currently 68.34%.

About Altria Group

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.