8,502 Shares in Altria Group, Inc. (NYSE:MO) Purchased by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC acquired a new stake in Altria Group, Inc. (NYSE:MO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,502 shares of the company’s stock, valued at approximately $434,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MFA Wealth Advisors LLC acquired a new position in Altria Group in the 2nd quarter valued at about $27,000. Hobbs Group Advisors LLC bought a new stake in shares of Altria Group during the second quarter worth approximately $30,000. Valley Wealth Managers Inc. grew its position in shares of Altria Group by 63.9% in the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after purchasing an additional 260 shares during the last quarter. Fairman Group LLC increased its stake in shares of Altria Group by 85.1% during the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after purchasing an additional 410 shares during the period. Finally, Lynx Investment Advisory acquired a new stake in Altria Group during the 2nd quarter worth approximately $44,000. Institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of MO opened at $54.28 on Thursday. The firm has a 50 day simple moving average of $51.49 and a two-hundred day simple moving average of $48.70. Altria Group, Inc. has a one year low of $39.25 and a one year high of $55.05. The company has a market cap of $91.99 billion, a P/E ratio of 9.17, a P/E/G ratio of 3.06 and a beta of 0.64.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. Altria Group’s revenue was up 18.6% on a year-over-year basis. On average, analysts expect that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 16th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 7.52%. This is a boost from Altria Group’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, September 16th. Altria Group’s dividend payout ratio is currently 68.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Stifel Nicolaus upped their price objective on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup raised their price target on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Bank of America cut their price objective on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.33.

Altria Group Company Profile

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.