Mount Yale Investment Advisors LLC Has $1.47 Million Stock Holdings in Altria Group, Inc. (NYSE:MO)

Mount Yale Investment Advisors LLC lifted its holdings in shares of Altria Group, Inc. (NYSE:MO) by 132.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 33,619 shares of the company’s stock after buying an additional 19,158 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Altria Group were worth $1,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MO. Albion Financial Group UT raised its holdings in Altria Group by 49.1% in the 1st quarter. Albion Financial Group UT now owns 2,767 shares of the company’s stock worth $121,000 after acquiring an additional 911 shares during the period. Prime Capital Investment Advisors LLC grew its holdings in Altria Group by 15.6% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 40,074 shares of the company’s stock valued at $1,617,000 after buying an additional 5,418 shares during the last quarter. Nordea Investment Management AB increased its position in Altria Group by 1.6% in the 1st quarter. Nordea Investment Management AB now owns 1,027,886 shares of the company’s stock worth $44,960,000 after buying an additional 16,541 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Altria Group by 24.2% during the fourth quarter. Fisher Asset Management LLC now owns 57,111 shares of the company’s stock worth $2,304,000 after buying an additional 11,111 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in shares of Altria Group by 7.2% in the first quarter. Atomi Financial Group Inc. now owns 5,953 shares of the company’s stock valued at $260,000 after acquiring an additional 399 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Insider Buying and Selling at Altria Group

In related news, VP Charles N. Whitaker sold 22,487 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total transaction of $988,303.65. Following the sale, the vice president now directly owns 173,485 shares in the company, valued at approximately $7,624,665.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. 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, July 10th. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Friday, June 28th. Argus raised Altria Group to a “hold” rating in a research report on Friday, May 31st. Finally, UBS Group upped their price target on Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a report on Monday, April 8th. One investment 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.10.

Altria Group Trading Up 0.2 %

NYSE MO traded up $0.10 on Monday, reaching $50.53. The company’s stock had a trading volume of 6,150,617 shares, compared to its average volume of 10,692,780. The firm has a market cap of $86.79 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 3.09 and a beta of 0.66. Altria Group, Inc. has a 52 week low of $39.06 and a 52 week high of $50.72. The business has a 50-day moving average price of $46.64 and a 200 day moving average price of $43.70.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.15. The business had revenue of $4.72 billion during 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%. Altria Group’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 EPS. Analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th were issued a dividend of $0.98 per share. The ex-dividend date was Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 7.76%. Altria Group’s payout ratio is presently 82.01%.

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.