Total Clarity Wealth Management Inc. Has $361,000 Stock Position in Altria Group, Inc. (NYSE:MO)

Total Clarity Wealth Management Inc. raised its position in shares of Altria Group, Inc. (NYSE:MO – Get Rating) by 463.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,943 shares of the company’s stock after purchasing an additional 7,357 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Altria Group were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. grew its stake in shares of Altria Group by 1.6% in the first quarter. Sei Investments Co. now owns 404,894 shares of the company’s stock worth $21,248,000 after purchasing an additional 6,324 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Altria Group by 5.2% in the first quarter. Sequoia Financial Advisors LLC now owns 18,647 shares of the company’s stock worth $974,000 after purchasing an additional 929 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Altria Group in the first quarter worth $25,000. Mackenzie Financial Corp grew its stake in shares of Altria Group by 3.4% in the first quarter. Mackenzie Financial Corp now owns 2,711,773 shares of the company’s stock worth $141,690,000 after purchasing an additional 89,334 shares during the last quarter. Finally, First Western Trust Bank bought a new stake in shares of Altria Group in the first quarter worth $498,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Price Performance

MO opened at $44.78 on Wednesday. Altria Group, Inc. has a fifty-two week low of $38.08 and a fifty-two week high of $57.05. The firm has a market capitalization of $80.25 billion, a PE ratio of 17.42, a P/E/G ratio of 2.22 and a beta of 0.62. The company’s 50-day moving average is $45.76 and its 200 day moving average is $44.68.

Altria Group (NYSE:MO – Get Rating) last posted its earnings results on Thursday, October 27th. The company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.03). Altria Group had a negative return on equity of 345.98% and a net margin of 18.61%. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same quarter in the prior year, the company earned $1.22 EPS. The company’s revenue was down 2.2% on a year-over-year basis. As a group, analysts expect that Altria Group, Inc. will post 4.84 EPS for the current year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 10th. Shareholders of record on Thursday, December 22nd were given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date was Wednesday, December 21st. Altria Group’s payout ratio is 146.30%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MO. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective on shares of Altria Group in a research note on Monday, October 31st. Cowen boosted their target price on shares of Altria Group to $47.00 in a report on Tuesday, November 1st. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Thursday, January 19th. UBS Group lowered shares of Altria Group from a “neutral” rating to a “sell” rating and set a $38.00 target price on the stock. in a report on Thursday, November 10th. Finally, Morgan Stanley upped their price objective on shares of Altria Group from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and an average target price of $46.91.

Altria Group Profile

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Altria Group, Inc operates as a holding company, which engages in the manufacture and sale of cigarettes in the United States. It operates through the following segments: Smokeable Products, Oral tobacco products, and Wine. The Smokeable Products segment consists of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton.