Mayflower Financial Advisors LLC Has $3.95 Million Stock Holdings in Altria Group, Inc. (NYSE:MO)

Mayflower Financial Advisors LLC grew its stake in Altria Group, Inc. (NYSE:MO) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,440 shares of the company’s stock after buying an additional 8,166 shares during the period. Mayflower Financial Advisors LLC’s holdings in Altria Group were worth $3,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Altria Group by 5.6% in the third quarter. State Street Corp now owns 73,481,686 shares of the company’s stock valued at $3,821,831,000 after purchasing an additional 3,910,738 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Altria Group by 729.8% in the third quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock valued at $100,511,000 after purchasing an additional 1,731,932 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Altria Group by 3,786.6% in the third quarter. Assenagon Asset Management S.A. now owns 1,743,443 shares of the company’s stock valued at $88,985,000 after purchasing an additional 1,698,585 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Altria Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company’s stock valued at $2,079,919,000 after purchasing an additional 1,003,605 shares in the last quarter. Finally, National Pension Service lifted its holdings in shares of Altria Group by 19.9% in the third quarter. National Pension Service now owns 4,034,414 shares of the company’s stock valued at $205,916,000 after purchasing an additional 670,858 shares in the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $55.00 to $65.00 in a research report on Friday, December 6th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price target on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price target on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Barclays raised their target price on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $53.43.

Altria Group Trading Down 1.7 %

MO opened at $52.54 on Wednesday. The company has a market cap of $89.04 billion, a P/E ratio of 8.87, a P/E/G ratio of 2.67 and a beta of 0.64. The business’s 50-day moving average price is $53.88 and its 200-day moving average price is $52.26. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the previous year, the business earned $1.28 EPS. Altria Group’s revenue was up 18.6% compared to the same quarter last year. Equities research analysts forecast that Altria Group, Inc. will post 5.13 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a yield of 7.77%. Altria Group’s dividend payout ratio is presently 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.