McGlone Suttner Wealth Management Inc. Buys 404 Shares of Altria Group, Inc. (NYSE:MO)

McGlone Suttner Wealth Management Inc. increased its stake in shares of Altria Group, Inc. (NYSE:MO) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,329 shares of the company’s stock after buying an additional 404 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Altria Group were worth $255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P acquired a new stake in Altria Group during the 1st quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in Altria Group during the 3rd quarter valued at $26,000. Nemes Rush Group LLC increased its holdings in Altria Group by 103.2% during the 3rd quarter. Nemes Rush Group LLC now owns 636 shares of the company’s stock valued at $27,000 after purchasing an additional 323 shares in the last quarter. ZRC Wealth Management LLC increased its holdings in Altria Group by 67.6% during the 4th quarter. ZRC Wealth Management LLC now owns 677 shares of the company’s stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. Finally, Legacy Financial Group LLC acquired a new stake in Altria Group during the 3rd quarter valued at $30,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MO has been the subject of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price target on shares of Altria Group in a report on Monday. UBS Group reissued a “sell” rating and issued a $36.10 target price on shares of Altria Group in a research note on Tuesday, January 23rd. Finally, StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Altria Group presently has a consensus rating of “Hold” and a consensus price target of $46.82.

Altria Group Stock Down 0.1 %

Shares of Altria Group stock traded down $0.04 during trading on Thursday, reaching $43.62. 9,805,972 shares of the company were exchanged, compared to its average volume of 11,809,103. Altria Group, Inc. has a twelve month low of $39.06 and a twelve month high of $48.04. The business has a 50-day moving average price of $41.40 and a 200-day moving average price of $41.54. The firm has a market capitalization of $76.92 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 2.60 and a beta of 0.65.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Altria Group had a negative return on equity of 244.55% and a net margin of 33.21%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the previous year, the firm earned $1.18 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Altria Group, Inc. will post 5.08 EPS for the current fiscal year.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, March 25th will be issued a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $3.92 annualized dividend and a yield of 8.99%. Altria Group’s dividend payout ratio is presently 85.78%.

Altria Group announced that its Board of Directors has approved a share repurchase plan on Thursday, February 1st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.