8,502 Shares in Altria Group, Inc. (NYSE:MO) Acquired by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,502 shares of the company’s stock, valued at approximately $434,000.

Other institutional investors have also recently bought and sold shares of the company. M&G PLC boosted its position in shares of Altria Group by 7.0% in the 3rd quarter. M&G PLC now owns 91,765 shares of the company’s stock worth $4,680,000 after purchasing an additional 6,041 shares during the last quarter. American Capital Advisory LLC boosted its holdings in Altria Group by 12.3% during the third quarter. American Capital Advisory LLC now owns 3,832 shares of the company’s stock worth $196,000 after buying an additional 419 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Altria Group by 0.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 83,906 shares of the company’s stock worth $4,283,000 after buying an additional 532 shares during the period. Centennial Wealth Advisory LLC increased its stake in shares of Altria Group by 1.8% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 16,442 shares of the company’s stock valued at $839,000 after acquiring an additional 298 shares during the last quarter. Finally, White Lighthouse Investment Management Inc. acquired a new stake in shares of Altria Group in the 3rd quarter valued at approximately $483,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

MO has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. UBS Group raised their price objective on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays raised their price target on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.33.

Altria Group Price Performance

Shares of Altria Group stock opened at $54.28 on Thursday. The firm has a market cap of $91.99 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 3.06 and a beta of 0.64. The stock’s 50-day moving average is $51.49 and its 200-day moving average is $48.70. Altria Group, Inc. has a one year low of $39.25 and a one year high of $55.05.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. On average, equities analysts expect that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 16th were given a dividend of $1.02 per share. This is a positive change from Altria Group’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, September 16th. This represents a $4.08 annualized dividend and a dividend yield of 7.52%. Altria Group’s payout ratio is 68.92%.

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.