World Investment Advisors LLC Has $958,000 Stock Holdings in Altria Group, Inc. (NYSE:MO)

World Investment Advisors LLC lifted its stake in shares of Altria Group, Inc. (NYSE:MO) by 42.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,777 shares of the company’s stock after buying an additional 5,593 shares during the period. World Investment Advisors LLC’s holdings in Altria Group were worth $958,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MFA Wealth Advisors LLC acquired a new stake in Altria Group during the second quarter worth about $27,000. True Wealth Design LLC raised its position in shares of Altria Group by 420.0% in the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after buying an additional 462 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of Altria Group during the 2nd quarter worth approximately $30,000. Valley Wealth Managers Inc. boosted its position in shares of Altria Group by 63.9% during the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after acquiring an additional 260 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Altria Group during the 3rd quarter worth approximately $34,000. Institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

MO has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on shares of Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup boosted their price target on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Barclays raised their price target on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $53.33.

Altria Group Trading Down 0.1 %

Altria Group stock opened at $54.92 on Monday. The company has a market capitalization of $93.08 billion, a PE ratio of 9.28, a P/E/G ratio of 3.02 and a beta of 0.63. The stock has a 50-day moving average price of $53.60 and a two-hundred day moving average price of $50.89. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.35 by $0.03. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same period last year, the company earned $1.28 EPS. The firm’s revenue was up 18.6% compared to the same quarter last year. As a group, analysts predict that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a yield of 7.43%. Altria Group’s payout ratio is 68.92%.

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.