Everett Harris & Co. CA Has $733,000 Position in Altria Group, Inc. (NYSE:MO)

Everett Harris & Co. CA grew its holdings in Altria Group, Inc. (NYSE:MO) by 6.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,800 shares of the company’s stock after buying an additional 966 shares during the quarter. Everett Harris & Co. CA’s holdings in Altria Group were worth $733,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MO. Van ECK Associates Corp raised its holdings in shares of Altria Group by 4,665.6% in the 4th quarter. Van ECK Associates Corp now owns 3,972,259 shares of the company’s stock worth $160,241,000 after buying an additional 3,888,907 shares in the last quarter. Pacer Advisors Inc. raised its stake in Altria Group by 17.0% during the fourth quarter. Pacer Advisors Inc. now owns 9,259,451 shares of the company’s stock worth $373,526,000 after acquiring an additional 1,343,094 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Altria Group during the fourth quarter valued at $525,810,000. United Services Automobile Association boosted its stake in shares of Altria Group by 103.9% in the 4th quarter. United Services Automobile Association now owns 1,803,226 shares of the company’s stock valued at $72,742,000 after purchasing an additional 919,058 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Altria Group by 24.4% in the 4th quarter. Victory Capital Management Inc. now owns 4,674,441 shares of the company’s stock worth $188,567,000 after purchasing an additional 915,478 shares during the last quarter. 57.41% of the stock is owned by institutional investors.

Altria Group Stock Down 0.2 %

MO stock opened at $45.86 on Friday. The business has a fifty day moving average of $45.43 and a 200-day moving average of $42.85. The company has a market cap of $78.77 billion, a P/E ratio of 9.61, a PEG ratio of 2.80 and a beta of 0.66. Altria Group, Inc. has a twelve month low of $39.06 and a twelve month high of $47.19.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.15 earnings per share for the quarter, hitting the consensus estimate of $1.15. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Altria Group had a negative return on equity of 222.80% and a net margin of 34.81%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 EPS. As a group, equities research analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be paid a $0.98 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.92 dividend on an annualized basis and a yield of 8.55%. Altria Group’s payout ratio is presently 82.01%.

Analyst Ratings Changes

Several brokerages have weighed in on MO. StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Friday, June 28th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 target price on shares of Altria Group in a research note on Monday, March 25th. UBS Group upped their price target on shares of Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research report on Monday, April 8th. Finally, Argus upgraded shares of Altria Group to a “hold” rating in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $46.90.

Insiders Place Their Bets

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

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.