V2 Financial group LLC Has $443,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

V2 Financial group LLC decreased its position in shares of Altria Group, Inc. (NYSE:MO) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,678 shares of the company’s stock after selling 300 shares during the period. V2 Financial group LLC’s holdings in Altria Group were worth $443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. MFA Wealth Advisors LLC acquired a new stake in Altria Group during the second quarter worth approximately $27,000. Hobbs Group Advisors LLC acquired a new stake in Altria Group during the second quarter worth about $30,000. Valley Wealth Managers Inc. increased its holdings in Altria Group by 63.9% in the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after buying an additional 260 shares during the period. Lynx Investment Advisory bought a new position in Altria Group in the 2nd quarter valued at about $44,000. Finally, Covestor Ltd raised its position in shares of Altria Group by 33.4% in the 1st quarter. Covestor Ltd now owns 1,047 shares of the company’s stock valued at $46,000 after buying an additional 262 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MO. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Citigroup boosted their price target on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Stifel Nicolaus raised their price objective on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Bank of America decreased their target price on Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.33.

Altria Group Stock Down 0.2 %

Shares of MO opened at $53.94 on Tuesday. The business has a 50-day simple moving average of $51.50 and a two-hundred day simple moving average of $48.97. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $55.05. The stock has a market cap of $91.42 billion, a PE ratio of 9.11, a PEG ratio of 3.07 and a beta of 0.64.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.33 billion. During the same quarter last year, the business earned $1.28 EPS. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. On average, equities research analysts expect that Altria Group, Inc. will post 5.11 EPS for the current 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 issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 7.56%. This is an increase 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 presently 68.92%.

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.