SRS Capital Advisors Inc. Acquires 2,892 Shares of Altria Group, Inc. (NYSE:MO)

SRS Capital Advisors Inc. increased its holdings in Altria Group, Inc. (NYSE:MO) by 50.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,658 shares of the company’s stock after purchasing an additional 2,892 shares during the period. SRS Capital Advisors Inc.’s holdings in Altria Group were worth $453,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Financial Life Planners bought a new stake in Altria Group in the fourth quarter worth $25,000. True Wealth Design LLC boosted its holdings in Altria Group by 420.0% in 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 in the last quarter. Marshall Investment Management LLC bought a new stake in Altria Group in the fourth quarter worth $32,000. Legacy Investment Solutions LLC bought a new stake in Altria Group in the third quarter worth $34,000. Finally, Kestra Investment Management LLC bought a new stake in Altria Group in the fourth quarter worth $40,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Performance

Shares of MO opened at $57.33 on Tuesday. The company has a 50-day simple moving average of $52.84 and a 200-day simple moving average of $52.96. The firm has a market capitalization of $96.93 billion, a P/E ratio of 8.75, a P/E/G ratio of 2.89 and a beta of 0.64. Altria Group, Inc. has a 52 week low of $39.25 and a 52 week high of $58.03.

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

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date is Tuesday, March 25th. Altria Group’s dividend payout ratio is currently 62.29%.

Wall Street Analysts Forecast Growth

MO has been the subject of a number of recent research reports. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Barclays boosted their target price on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley cut their target price on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Two research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.