WealthCare Investment Partners LLC Acquires 1,920 Shares of Altria Group, Inc. (NYSE:MO)

WealthCare Investment Partners LLC lifted its holdings in Altria Group, Inc. (NYSE:MOFree Report) by 12.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,818 shares of the company’s stock after purchasing an additional 1,920 shares during the period. WealthCare Investment Partners LLC’s holdings in Altria Group were worth $819,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MO. Charles Schwab Investment Management Inc. increased its stake in Altria Group by 8.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 44,066,327 shares of the company’s stock valued at $2,000,861,000 after acquiring an additional 3,516,646 shares during the period. Geode Capital Management LLC grew its stake in shares of Altria Group by 1.9% in the 1st quarter. Geode Capital Management LLC now owns 35,856,051 shares of the company’s stock valued at $1,596,257,000 after purchasing an additional 671,929 shares during the period. FMR LLC grew its stake in shares of Altria Group by 8.3% in the 1st quarter. FMR LLC now owns 25,132,929 shares of the company’s stock valued at $1,121,431,000 after purchasing an additional 1,926,492 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Altria Group by 5.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 24,517,169 shares of the company’s stock valued at $990,002,000 after purchasing an additional 1,192,266 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of Altria Group by 108,222.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 18,590,308 shares of the company’s stock valued at $849,763,000 after purchasing an additional 18,573,146 shares during the period. 58.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com began coverage on Altria Group in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Jefferies Financial Group dropped their price objective on Altria Group from $56.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.50.

Read Our Latest Stock Report on MO

Altria Group Price Performance

Shares of Altria Group stock traded down $0.20 during trading on Tuesday, hitting $43.15. The company’s stock had a trading volume of 3,147,331 shares, compared to its average volume of 7,808,446. Altria Group, Inc. has a 52 week low of $40.35 and a 52 week high of $51.57. The stock has a market cap of $76.57 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 2.32 and a beta of 0.59. The stock has a 50-day moving average price of $44.38 and a two-hundred day moving average price of $45.04.

Altria Group (NYSE:MOGet Free Report) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. Altria Group had a net margin of 27.40% and a negative return on equity of 225.61%. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that Altria Group, Inc. will post 5 EPS for the current fiscal year.

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 15th will be paid a $0.98 dividend. This is a positive change from Altria Group’s previous quarterly dividend of $0.94. The ex-dividend date is Thursday, September 14th. This represents a $3.92 annualized dividend and a yield of 9.08%. Altria Group’s dividend payout ratio (DPR) is 102.89%.

Altria Group Profile

(Free Report)

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; moist smokeless tobacco products and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; and on! oral nicotine pouches.

See Also

Want to see what other hedge funds are holding MO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altria Group, Inc. (NYSE:MOFree Report).

Institutional Ownership by Quarter for Altria Group (NYSE:MO)

Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.com's FREE daily email newsletter.