International Private Wealth Advisors LLC Sells 878 Shares of Altria Group, Inc. (NYSE:MO)

International Private Wealth Advisors LLC decreased its position in shares of Altria Group, Inc. (NYSE:MO) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,568 shares of the company’s stock after selling 878 shares during the quarter. Altria Group accounts for approximately 0.9% of International Private Wealth Advisors LLC’s investment portfolio, making the stock its 20th largest position. International Private Wealth Advisors LLC’s holdings in Altria Group were worth $641,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Delta Investment Management LLC grew its holdings in Altria Group by 2.9% during the 2nd quarter. Delta Investment Management LLC now owns 7,064 shares of the company’s stock valued at $322,000 after buying an additional 198 shares in the last quarter. Scarborough Advisors LLC grew its holdings in Altria Group by 18.5% during the 2nd quarter. Scarborough Advisors LLC now owns 1,283 shares of the company’s stock valued at $58,000 after buying an additional 200 shares in the last quarter. American Institute for Advanced Investment Management LLP grew its holdings in Altria Group by 3.5% during the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock valued at $299,000 after buying an additional 200 shares in the last quarter. Ridgecrest Wealth Partners LLC boosted its position in shares of Altria Group by 3.5% during the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock valued at $299,000 after acquiring an additional 200 shares during the last quarter. Finally, Zhang Financial LLC boosted its position in shares of Altria Group by 1.1% during the 3rd quarter. Zhang Financial LLC now owns 18,454 shares of the company’s stock valued at $942,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. UBS Group boosted their target price on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research report on Monday, September 9th. Bank of America dropped their target price on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus boosted their target price on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.33.

Altria Group Stock Down 0.1 %

Shares of MO traded down $0.07 during mid-day trading on Thursday, hitting $55.18. 1,077,537 shares of the company’s stock traded hands, compared to its average volume of 9,760,430. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $55.40. The firm has a market capitalization of $93.52 billion, a P/E ratio of 9.33, a PEG ratio of 3.10 and a beta of 0.64. The business’s 50-day moving average price is $51.52 and its 200-day moving average price is $49.09.

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

Altria Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 16th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.39%. 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 payout ratio is 68.92%.

Altria Group 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.