Larson Financial Group LLC Has $205,000 Holdings in Altria Group, Inc. (NYSE:MO)

Larson Financial Group LLC increased its stake in shares of Altria Group, Inc. (NYSE:MOFree Report) by 83.6% during the first quarter, reports. The fund owned 4,692 shares of the company’s stock after purchasing an additional 2,136 shares during the period. Larson Financial Group LLC’s holdings in Altria Group were worth $205,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Maryland Capital Advisors Inc. grew its holdings in Altria Group by 154.4% during the first quarter. Maryland Capital Advisors Inc. now owns 575 shares of the company’s stock valued at $25,000 after purchasing an additional 349 shares during the last quarter. Accordant Advisory Group Inc acquired a new position in Altria Group in the 1st quarter valued at $26,000. BNP Paribas bought a new position in Altria Group in the 1st quarter worth $27,000. Westend Capital Management LLC bought a new position in Altria Group in the 1st quarter worth $29,000. Finally, ZRC Wealth Management LLC lifted its position 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 acquiring an additional 273 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MO. Stifel Nicolaus restated a “buy” rating and set a $50.00 target price on shares of Altria Group in a research note on Monday, March 25th. Argus raised Altria Group to a “hold” rating in a research report on Friday, May 31st. 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. UBS Group increased their price target on shares of Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a report on Monday, April 8th. Finally, upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Friday, June 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.10.

Get Our Latest Research Report on MO

Insider Transactions 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 shares were sold at an average price of $43.95, for a total transaction of $988,303.65. Following the completion of the sale, the vice president now owns 173,485 shares in the company, valued at approximately $7,624,665.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Altria Group Stock Performance

Shares of NYSE MO traded up $0.23 during midday trading on Wednesday, reaching $46.93. 9,584,431 shares of the company traded hands, compared to its average volume of 11,016,408. The stock’s 50-day simple moving average is $45.59 and its 200-day simple moving average is $42.99. Altria Group, Inc. has a 12 month low of $39.06 and a 12 month high of $47.21. The firm has a market cap of $80.61 billion, a PE ratio of 9.82, a PEG ratio of 2.80 and a beta of 0.66.

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

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 8.35%. The ex-dividend date is Friday, June 14th. Altria Group’s dividend payout ratio (DPR) is presently 82.01%.

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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