One Wealth Advisors LLC Has $500,000 Stock Position in Altria Group, Inc. (NYSE:MO)

One Wealth Advisors LLC increased its position in Altria Group, Inc. (NYSE:MO) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,566 shares of the company’s stock after purchasing an additional 577 shares during the quarter. One Wealth Advisors LLC’s holdings in Altria Group were worth $500,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Altria Group by 5.6% during the third quarter. State Street Corp now owns 73,481,686 shares of the company’s stock worth $3,821,831,000 after purchasing an additional 3,910,738 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Altria Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company’s stock worth $2,935,224,000 after buying an additional 589,832 shares during the period. Geode Capital Management LLC raised its position in shares of Altria Group by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company’s stock valued at $2,079,919,000 after acquiring an additional 1,003,605 shares during the period. National Pension Service boosted its stake in Altria Group by 19.9% during the 3rd quarter. National Pension Service now owns 4,034,414 shares of the company’s stock worth $205,916,000 after acquiring an additional 670,858 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Altria Group by 1.2% during the third quarter. Bank of Montreal Can now owns 3,051,644 shares of the company’s stock valued at $155,786,000 after purchasing an additional 35,953 shares during the period. 57.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MO shares. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Morgan Stanley dropped their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus upped their price target on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.29.

Altria Group Stock Up 1.3 %

NYSE MO opened at $52.20 on Monday. The firm’s 50 day moving average is $53.57 and its 200-day moving average is $52.37. The company has a market capitalization of $88.46 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. As a group, sell-side analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a dividend of $1.02 per share. The ex-dividend date was Thursday, December 26th. This represents a $4.08 annualized dividend and a yield of 7.82%. Altria Group’s payout ratio is presently 62.29%.

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.