TFB Advisors LLC Purchases Shares of 9,699 Altria Group, Inc. (NYSE:MO)

TFB Advisors LLC purchased a new stake in Altria Group, Inc. (NYSE:MOFree Report) during the first quarter, HoldingsChannel.com reports. The firm purchased 9,699 shares of the company’s stock, valued at approximately $425,000.

A number of other hedge funds also recently made changes to their positions in the stock. Maryland Capital Advisors Inc. raised its stake in shares of Altria Group by 154.4% in the 1st quarter. Maryland Capital Advisors Inc. now owns 575 shares of the company’s stock valued at $25,000 after acquiring an additional 349 shares during the period. Accordant Advisory Group Inc purchased a new stake in Altria Group during the 1st quarter worth $26,000. Criterion Capital Advisors LLC purchased a new stake in Altria Group during the 4th quarter worth $27,000. BNP Paribas purchased a new stake in Altria Group during the 1st quarter worth $27,000. Finally, ZRC Wealth Management LLC increased its stake in Altria Group by 67.6% during the 4th quarter. ZRC Wealth Management LLC now owns 677 shares of the company’s stock worth $28,000 after buying an additional 273 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Up 0.5 %

MO traded up $0.23 during trading on Wednesday, reaching $46.93. The stock had a trading volume of 9,584,431 shares, compared to its average volume of 11,016,408. The firm has a market capitalization of $80.61 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 2.80 and a beta of 0.66. Altria Group, Inc. has a 1-year low of $39.06 and a 1-year high of $47.21. The stock has a 50 day moving average of $45.59 and a two-hundred day moving average of $42.99.

Altria Group (NYSE:MOGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.15. The company had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Altria Group had a negative return on equity of 222.80% and a net margin of 34.81%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 earnings per share. On average, research analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Altria Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be issued a $0.98 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.92 annualized dividend and a dividend yield of 8.35%. Altria Group’s dividend payout ratio is currently 82.01%.

Insider Buying and Selling at Altria Group

In other Altria Group news, VP Charles N. Whitaker sold 22,487 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total value of $988,303.65. Following the transaction, the vice president now owns 173,485 shares of the company’s stock, valued at $7,624,665.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MO shares. UBS Group boosted their target price on shares of Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research report on Monday, April 8th. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 target price on shares of Altria Group in a research report on Monday, March 25th. Bank of America boosted their target price on shares of Altria Group from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Friday, June 28th. Finally, Argus raised shares of Altria Group to a “hold” rating in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $47.10.

View Our Latest Stock Report on Altria Group

About Altria Group

(Free Report)

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.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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