JB Capital LLC Has $256,000 Holdings in Altria Group, Inc. (NYSE:MO)

JB Capital LLC decreased its holdings in Altria Group, Inc. (NYSE:MO) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,013 shares of the company’s stock after selling 410 shares during the quarter. JB Capital LLC’s holdings in Altria Group were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MO. Legal & General Group Plc grew its position in shares of Altria Group by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 12,355,509 shares of the company’s stock valued at $562,793,000 after buying an additional 191,236 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Altria Group by 25.0% in the second quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company’s stock valued at $295,055,000 after acquiring an additional 1,299,703 shares during the last quarter. Victory Capital Management Inc. increased its position in Altria Group by 5.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,060,589 shares of the company’s stock valued at $230,510,000 after purchasing an additional 243,201 shares during the period. LSV Asset Management raised its holdings in Altria Group by 4.6% during the 2nd quarter. LSV Asset Management now owns 4,888,137 shares of the company’s stock worth $222,655,000 after purchasing an additional 215,594 shares during the last quarter. Finally, National Pension Service lifted its position in shares of Altria Group by 19.9% in the 3rd quarter. National Pension Service now owns 4,034,414 shares of the company’s stock worth $205,916,000 after purchasing an additional 670,858 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Price Performance

Shares of Altria Group stock opened at $53.54 on Friday. The business has a 50-day simple moving average of $51.49 and a 200 day simple moving average of $48.70. Altria Group, Inc. has a one year low of $39.25 and a one year high of $55.05. The firm has a market capitalization of $90.74 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 3.06 and a beta of 0.64.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, sell-side analysts expect that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 16th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.62%. This is a positive change from Altria Group’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, September 16th. Altria Group’s dividend payout ratio (DPR) is 68.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Bank of America decreased their price target on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Stifel Nicolaus boosted their price objective on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday. Finally, UBS Group boosted their price target on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Altria Group currently has a consensus rating of “Hold” and a consensus price target of $51.33.

Altria Group Company 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.