3,812 Shares in Altria Group, Inc. (NYSE:MO) Acquired by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC bought a new stake in shares of Altria Group, Inc. (NYSE:MO) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,812 shares of the company’s stock, valued at approximately $166,000.

Several other hedge funds have also made changes to their positions in MO. Taylor & Morgan Wealth Management LLC raised its position in shares of Altria Group by 2.1% during the 4th quarter. Taylor & Morgan Wealth Management LLC now owns 11,981 shares of the company’s stock valued at $483,000 after buying an additional 246 shares during the period. Salvus Wealth Management LLC lifted its stake in shares of Altria Group by 1.8% in the 4th quarter. Salvus Wealth Management LLC now owns 14,326 shares of the company’s stock valued at $578,000 after purchasing an additional 250 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC grew its holdings in shares of Altria Group by 3.7% during the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 7,332 shares of the company’s stock worth $296,000 after purchasing an additional 262 shares during the period. CFM Wealth Partners LLC increased its position in shares of Altria Group by 0.3% during the 4th quarter. CFM Wealth Partners LLC now owns 81,901 shares of the company’s stock worth $3,304,000 after purchasing an additional 263 shares during the last quarter. Finally, Zullo Investment Group Inc. raised its holdings in Altria Group by 4.2% in the 4th quarter. Zullo Investment Group Inc. now owns 6,559 shares of the company’s stock valued at $265,000 after buying an additional 264 shares during the period. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Charles N. Whitaker sold 22,487 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $43.95, for a total value of $988,303.65. Following the sale, the vice president now directly owns 173,485 shares in the company, valued at approximately $7,624,665.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 target price on shares of Altria Group in a research note on Monday, March 25th. Argus raised shares of Altria Group to a “hold” rating in a research report on Friday, May 31st. StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Friday. Finally, UBS Group upped their price target on Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Altria Group currently has an average rating of “Hold” and an average target price of $46.90.

Altria Group Stock Down 1.9 %

Altria Group stock opened at $45.46 on Friday. Altria Group, Inc. has a 52-week low of $39.06 and a 52-week high of $47.19. The firm has a market cap of $78.08 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. The company’s 50 day moving average is $45.04 and its two-hundred day moving average is $42.69.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.15. Altria Group had a negative return on equity of 222.80% and a net margin of 34.81%. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period last year, the firm earned $1.18 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Altria Group, Inc. will post 5.11 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 Wednesday, July 10th. Stockholders of record on Friday, June 14th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.62%. The ex-dividend date of this dividend is Friday, June 14th. Altria Group’s dividend payout ratio is presently 82.01%.

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.