Octavia Wealth Advisors LLC Acquires 5,885 Shares of Altria Group, Inc. (NYSE:MO)

Octavia Wealth Advisors LLC increased its holdings in shares of Altria Group, Inc. (NYSE:MO) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,623 shares of the company’s stock after buying an additional 5,885 shares during the period. Altria Group accounts for about 0.7% of Octavia Wealth Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Octavia Wealth Advisors LLC’s holdings in Altria Group were worth $5,577,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MO. True Wealth Design LLC grew its stake in shares of Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 462 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of Altria Group in the 3rd quarter valued at approximately $34,000. Peterson Financial Group Inc. bought a new position in Altria Group during the 3rd quarter worth approximately $41,000. Fairman Group LLC grew its holdings in Altria Group by 85.1% during the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after purchasing an additional 410 shares during the period. Finally, IFS Advisors LLC increased its stake in Altria Group by 330.4% in the fourth quarter. IFS Advisors LLC now owns 977 shares of the company’s stock valued at $51,000 after purchasing an additional 750 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Stock Performance

MO opened at $51.47 on Wednesday. The business’s 50-day simple moving average is $54.25 and its 200 day simple moving average is $52.07. Altria Group, Inc. has a 52-week low of $39.25 and a 52-week high of $58.03. The firm has a market capitalization of $87.23 billion, a PE ratio of 8.69, a PEG ratio of 2.72 and a beta of 0.64.

Altria Group (NYSE:MO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.03. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 earnings per share. On average, research analysts forecast that Altria Group, Inc. will post 5.13 earnings per share for the current year.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a $1.02 dividend. The ex-dividend date was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.93%. Altria Group’s payout ratio is 68.92%.

Wall Street Analysts Forecast Growth

MO has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays raised their target price on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. 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. Finally, Citigroup raised their price objective on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.43.

About Altria Group

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.