Mosley Wealth Management Invests $408,000 in Altria Group, Inc. (NYSE:MO)

Mosley Wealth Management acquired a new stake in shares of Altria Group, Inc. (NYSE:MOFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,117 shares of the company’s stock, valued at approximately $408,000.

A number of other large investors have also modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of Altria Group by 4,665.6% during the fourth quarter. Van ECK Associates Corp now owns 3,972,259 shares of the company’s stock valued at $160,241,000 after acquiring an additional 3,888,907 shares during the period. AQR Capital Management LLC grew its holdings in shares of Altria Group by 54.1% in the 3rd quarter. AQR Capital Management LLC now owns 4,710,670 shares of the company’s stock worth $198,084,000 after acquiring an additional 1,653,455 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Altria Group by 17.0% during the fourth quarter. Pacer Advisors Inc. now owns 9,259,451 shares of the company’s stock worth $373,526,000 after purchasing an additional 1,343,094 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Altria Group during the fourth quarter valued at $525,810,000. Finally, United Services Automobile Association lifted its holdings in shares of Altria Group by 103.9% during the fourth quarter. United Services Automobile Association now owns 1,803,226 shares of the company’s stock valued at $72,742,000 after purchasing an additional 919,058 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Argus upgraded shares of Altria Group to a “hold” rating in a research report on Friday, May 31st. StockNews.com cut Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 14th. UBS Group lifted their price target on Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a report on Monday, April 8th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective on shares of Altria Group in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $46.90.

Check Out Our Latest Stock Report on MO

Insider Transactions at Altria Group

In other Altria Group news, VP Charles N. Whitaker sold 22,487 shares of Altria Group stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total transaction of $988,303.65. Following the sale, the vice president now directly owns 173,485 shares of the company’s stock, valued at $7,624,665.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

Altria Group Stock Performance

Altria Group stock opened at $46.70 on Monday. The business’s 50-day simple moving average is $44.01 and its 200-day simple moving average is $42.34. Altria Group, Inc. has a 52 week low of $39.06 and a 52 week high of $47.19. The firm has a market capitalization of $80.21 billion, a PE ratio of 9.77, a PEG ratio of 2.88 and a beta of 0.64.

Altria Group (NYSE:MOGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.15. Altria Group had a net margin of 34.81% and a negative return on equity of 222.80%. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the business posted $1.18 EPS. The business’s quarterly revenue was down 1.0% on a year-over-year basis. Research analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 8.39%. The ex-dividend date is Friday, June 14th. Altria Group’s dividend payout ratio (DPR) is presently 82.01%.

Altria Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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