Capital Advisors Inc. OK Has $954,000 Holdings in Altria Group, Inc. (NYSE:MO)

Capital Advisors Inc. OK boosted its stake in Altria Group, Inc. (NYSE:MO) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,236 shares of the company’s stock after purchasing an additional 1,288 shares during the period. Capital Advisors Inc. OK’s holdings in Altria Group were worth $954,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aviance Capital Partners LLC increased its position in Altria Group by 0.5% during the 3rd quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock valued at $2,060,000 after buying an additional 191 shares in the last quarter. Horst & Graben Wealth Management LLC grew its holdings in Altria Group by 1.5% during the fourth quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company’s stock worth $681,000 after acquiring an additional 198 shares during the period. Fragasso Financial Advisors Inc boosted its position in Altria Group by 3.3% during the fourth quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company’s stock worth $330,000 after purchasing an additional 199 shares in the last quarter. American Institute for Advanced Investment Management LLP boosted its position in Altria Group by 3.5% during the third quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock worth $299,000 after purchasing an additional 200 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC lifted its position in shares of Altria Group by 3.5% in the third quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock valued at $299,000 after acquiring an additional 200 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Stock Performance

Shares of MO stock opened at $53.90 on Wednesday. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The company’s 50-day simple moving average is $53.02 and its 200-day simple moving average is $52.52. The stock has a market capitalization of $91.34 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 2.80 and a beta of 0.64.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. As a group, research analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is 62.29%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley cut their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective 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 boosted their target price on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.29.

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.