B.O.S.S. Retirement Advisors LLC Buys 1,667 Shares of Altria Group, Inc. (NYSE:MO)

B.O.S.S. Retirement Advisors LLC grew its position in shares of Altria Group, Inc. (NYSE:MO) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,150 shares of the company’s stock after acquiring an additional 1,667 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Altria Group were worth $2,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the company. Maryland Capital Advisors Inc. raised its stake in shares of Altria Group by 154.4% during the 1st quarter. Maryland Capital Advisors Inc. now owns 575 shares of the company’s stock worth $25,000 after purchasing an additional 349 shares during the period. MFA Wealth Advisors LLC bought a new stake in Altria Group in the second quarter worth about $27,000. BNP Paribas purchased a new position in Altria Group in the first quarter valued at about $27,000. Hobbs Group Advisors LLC bought a new position in shares of Altria Group during the 2nd quarter valued at approximately $30,000. Finally, Westend Capital Management LLC purchased a new stake in shares of Altria Group during the 1st quarter worth approximately $29,000. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Up 0.5 %

Shares of MO opened at $50.15 on Thursday. The business’s 50-day moving average price is $51.57 and its 200-day moving average price is $47.70. Altria Group, Inc. has a twelve month low of $39.06 and a twelve month high of $54.95. The stock has a market cap of $86.14 billion, a PE ratio of 10.49, a P/E/G ratio of 2.90 and a beta of 0.65.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). The company had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $5.39 billion. Altria Group had a net margin of 42.25% and a negative return on equity of 232.55%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 earnings per share. Analysts expect that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 16th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 8.14%. This is a boost from Altria Group’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, September 16th. Altria Group’s dividend payout ratio is 85.36%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Citigroup upped their price objective on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. StockNews.com downgraded Altria Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Barclays boosted their price objective on Altria Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research note on Monday, September 9th. Bank of America dropped their price objective on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Stifel Nicolaus upped their price objective on shares of Altria Group from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Altria Group presently has a consensus rating of “Hold” and an average target price of $48.20.

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.