Altria Group, Inc. (NYSE:MO) Stock Holdings Increased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC raised its holdings in shares of Altria Group, Inc. (NYSE:MO) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 914,549 shares of the company’s stock after acquiring an additional 18,653 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Altria Group worth $54,891,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Redwood Park Advisors LLC bought a new stake in Altria Group during the 4th quarter valued at $26,000. VSM Wealth Advisory LLC bought a new stake in Altria Group during the 4th quarter valued at $29,000. Inlight Wealth Management LLC bought a new stake in Altria Group during the 1st quarter valued at $31,000. Promus Capital LLC bought a new stake in Altria Group during the 4th quarter valued at $33,000. Finally, Pinney & Scofield Inc. bought a new stake in Altria Group during the 4th quarter valued at $33,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Up 1.3%

Altria Group stock opened at $60.52 on Tuesday. The business has a 50 day moving average price of $59.11 and a two-hundred day moving average price of $56.19. The stock has a market cap of $101.94 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 3.49 and a beta of 0.61. Altria Group, Inc. has a 12 month low of $45.17 and a 12 month high of $61.26.

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 firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter in the prior year, the firm posted $1.15 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, 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 declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 6.74%. The ex-dividend date of this dividend is Monday, June 16th. Altria Group’s dividend payout ratio is 68.34%.

Wall Street Analysts Forecast Growth

MO has been the topic of a number of research reports. Stifel Nicolaus boosted their price objective on Altria Group from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Needham & Company LLC raised Altria Group to a “hold” rating in a research note on Thursday, May 22nd. UBS Group lifted their target price on Altria Group from $46.00 to $47.00 and gave the stock a “sell” rating in a report on Wednesday, April 30th. Barclays lifted their target price on Altria Group from $46.00 to $49.00 and gave the stock an “underweight” rating in a report on Friday, May 2nd. Finally, Citigroup lifted their target price on Altria Group from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Altria Group presently has an average rating of “Hold” and a consensus target price of $56.00.

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.