Crestwood Advisors Group LLC Purchases 685 Shares of Altria Group, Inc. (NYSE:MO)

Crestwood Advisors Group LLC grew its position in shares of Altria Group, Inc. (NYSE:MOFree Report) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,049 shares of the company’s stock after buying an additional 685 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Altria Group were worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Empirical Finance LLC lifted its stake in shares of Altria Group by 1.1% in the fourth quarter. Empirical Finance LLC now owns 21,586 shares of the company’s stock worth $987,000 after buying an additional 225 shares in the last quarter. Clear Creek Financial Management LLC lifted its stake in shares of Altria Group by 4.3% in the third quarter. Clear Creek Financial Management LLC now owns 5,825 shares of the company’s stock worth $246,000 after buying an additional 240 shares in the last quarter. Taylor & Morgan Wealth Management LLC lifted its position in Altria Group by 2.1% during the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 11,981 shares of the company’s stock valued at $483,000 after purchasing an additional 246 shares during the period. Day & Ennis LLC lifted its position in Altria Group by 4.9% during the third quarter. Day & Ennis LLC now owns 5,353 shares of the company’s stock valued at $225,000 after purchasing an additional 250 shares during the period. Finally, Whitener Capital Management Inc. lifted its position in Altria Group by 2.6% during the third quarter. Whitener Capital Management Inc. now owns 9,797 shares of the company’s stock valued at $412,000 after purchasing an additional 250 shares during the period. Institutional investors own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MO. UBS Group increased their price objective on shares of Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research report on Monday, April 8th. StockNews.com downgraded shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday. 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Altria Group currently has a consensus rating of “Hold” and a consensus price target of $46.90.

Get Our Latest Report on MO

Altria Group Stock Down 0.9 %

Shares of Altria Group stock traded down $0.38 on Friday, reaching $41.05. The stock had a trading volume of 10,669,091 shares, compared to its average volume of 15,643,571. The company has a 50 day moving average price of $41.82 and a 200 day moving average price of $41.45. Altria Group, Inc. has a 1 year low of $39.06 and a 1 year high of $48.04. The stock has a market capitalization of $70.51 billion, a P/E ratio of 8.98, a P/E/G ratio of 2.47 and a beta of 0.65.

Altria Group (NYSE:MOGet Free Report) last released its earnings results on Thursday, February 1st. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.01. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.06 billion. Altria Group had a net margin of 33.21% and a negative return on equity of 244.55%. Altria Group’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. On average, analysts forecast that Altria Group, Inc. will post 5.09 earnings per share for the current fiscal year.

Altria Group declared that its board has authorized a share buyback program on Thursday, February 1st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 1.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, March 25th will be paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 9.55%. The ex-dividend date is Friday, March 22nd. Altria Group’s payout ratio is 85.78%.

About Altria Group

(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.

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

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