FSC Wealth Advisors LLC Has $97,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

FSC Wealth Advisors LLC lessened its holdings in Altria Group, Inc. (NYSE:MO) by 34.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,906 shares of the company’s stock after selling 1,000 shares during the period. FSC Wealth Advisors LLC’s holdings in Altria Group were worth $97,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Delta Investment Management LLC increased its holdings in shares of Altria Group by 2.9% during the second quarter. Delta Investment Management LLC now owns 7,064 shares of the company’s stock worth $322,000 after buying an additional 198 shares in the last quarter. Scarborough Advisors LLC increased its holdings in shares of Altria Group by 18.5% during the second quarter. Scarborough Advisors LLC now owns 1,283 shares of the company’s stock worth $58,000 after buying an additional 200 shares in the last quarter. Zhang Financial LLC increased its holdings in shares of Altria Group by 1.1% during the third quarter. Zhang Financial LLC now owns 18,454 shares of the company’s stock worth $942,000 after buying an additional 202 shares in the last quarter. Hollencrest Capital Management increased its holdings in shares of Altria Group by 0.3% during the second quarter. Hollencrest Capital Management now owns 76,595 shares of the company’s stock worth $3,489,000 after buying an additional 203 shares in the last quarter. Finally, SP Asset Management LLC increased its holdings in shares of Altria Group by 2.5% during the second quarter. SP Asset Management LLC now owns 8,211 shares of the company’s stock worth $374,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of MO stock opened at $50.06 on Wednesday. Altria Group, Inc. has a 52-week low of $39.06 and a 52-week high of $54.95. The stock has a market cap of $85.98 billion, a PE ratio of 10.47, a PEG ratio of 2.90 and a beta of 0.65. The firm’s 50 day moving average price is $51.49 and its two-hundred day moving average price is $47.94.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Altria Group had a net margin of 42.25% and a negative return on equity of 232.55%. The business had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the business posted $1.31 earnings per share. Altria Group’s revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts predict that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The company 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. The ex-dividend date was Monday, September 16th. This is a positive change from Altria Group’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 8.15%. Altria Group’s dividend payout ratio (DPR) is 85.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MO. Stifel Nicolaus raised their price objective on shares of Altria Group from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Bank of America dropped 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. StockNews.com cut shares of Altria Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Citigroup increased their price target on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, UBS Group increased their price target on shares of Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.20.

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.