MFA Wealth Advisors LLC Makes New $27,000 Investment in Altria Group, Inc. (NYSE:MO)

MFA Wealth Advisors LLC bought a new position in Altria Group, Inc. (NYSE:MO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 600 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MO. International Assets Investment Management LLC purchased a new position in shares of Altria Group during the fourth quarter valued at approximately $3,945,000. Tennessee Valley Asset Management Partners bought a new stake in Altria Group in the fourth quarter worth $43,000. HTLF Bank purchased a new stake in shares of Altria Group in the fourth quarter worth $223,000. Wetzel Investment Advisors Inc. bought a new position in shares of Altria Group during the fourth quarter valued at $71,000. Finally, J.W. Cole Advisors Inc. boosted its stake in Altria Group by 13.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 40,896 shares of the company’s stock worth $1,650,000 after purchasing an additional 4,821 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of NYSE:MO traded up $0.37 during trading on Wednesday, hitting $51.81. The company’s stock had a trading volume of 6,156,074 shares, compared to its average volume of 10,501,696. The firm has a market cap of $88.99 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 3.07 and a beta of 0.66. The company has a 50-day moving average of $48.25 and a 200-day moving average of $44.92. Altria Group, Inc. has a 12 month low of $39.06 and a 12 month high of $51.86.

Altria Group (NYSE:MO) last issued 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). The business 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 revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 EPS. As a group, research analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MO. Argus raised shares of Altria Group to a “hold” rating in a report on Friday, May 31st. Barclays boosted their price target on Altria Group from $37.00 to $43.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 14th. Bank of America increased their price objective on Altria Group from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Stifel Nicolaus upped their target price on shares of Altria Group from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Friday, June 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $47.08.

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.