FSC Wealth Advisors LLC Has $97,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

FSC Wealth Advisors LLC cut its position in Altria Group, Inc. (NYSE:MO) by 34.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,906 shares of the company’s stock after selling 1,000 shares during the period. FSC Wealth Advisors LLC’s holdings in Altria Group were worth $97,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas acquired a new stake in shares of Altria Group during the first quarter worth $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of Altria Group during the second quarter worth $27,000. Hobbs Group Advisors LLC acquired a new stake in shares of Altria Group during the second quarter worth $30,000. Valley Wealth Managers Inc. raised its holdings in shares of Altria Group by 63.9% during the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after acquiring an additional 260 shares during the period. Finally, Riverview Trust Co acquired a new stake in shares of Altria Group during the first quarter worth $36,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MO has been the topic of a number of research analyst reports. StockNews.com lowered shares of Altria Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Bank of America dropped their price objective on shares of Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. UBS Group lifted their price target on shares of Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Barclays lifted their price target on shares of Altria Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research note on Monday, September 9th. Finally, Citigroup lifted their price target 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Altria Group has an average rating of “Hold” and an average target price of $48.20.

Altria Group Trading Up 2.0 %

Shares of MO stock opened at $50.06 on Wednesday. The firm’s fifty day moving average price is $51.49 and its two-hundred day moving average price is $47.94. Altria Group, Inc. has a 1 year low of $39.06 and a 1 year high of $54.95. The firm has a market capitalization of $85.98 billion, a P/E ratio of 10.47, a PEG ratio of 2.90 and a beta of 0.65.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Altria Group had a net margin of 42.25% and a negative return on equity of 232.55%. The firm had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period last year, the business earned $1.31 EPS. The business’s revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Altria Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 16th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 8.15%. The ex-dividend date of this dividend was Monday, September 16th. This is an increase from Altria Group’s previous quarterly dividend of $0.98. Altria Group’s dividend payout ratio (DPR) is 85.36%.

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.