B. Riley Wealth Advisors Inc. Decreases Holdings in Altria Group, Inc. (NYSE:MO)

B. Riley Wealth Advisors Inc. reduced its position in Altria Group, Inc. (NYSE:MOFree Report) by 12.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,248 shares of the company’s stock after selling 11,546 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Altria Group were worth $3,312,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MO. Northern Trust Corp grew its position in shares of Altria Group by 0.3% in the third quarter. Northern Trust Corp now owns 16,609,568 shares of the company’s stock valued at $698,432,000 after purchasing an additional 42,490 shares during the last quarter. Capital Research Global Investors increased its position in Altria Group by 1.9% during the fourth quarter. Capital Research Global Investors now owns 13,279,658 shares of the company’s stock worth $535,701,000 after buying an additional 242,442 shares in the last quarter. Pacer Advisors Inc. increased its position 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 buying an additional 1,343,094 shares in the last quarter. Ameriprise Financial Inc. increased its position in Altria Group by 8.5% during the third quarter. Ameriprise Financial Inc. now owns 9,174,355 shares of the company’s stock worth $381,278,000 after buying an additional 722,258 shares in the last quarter. Finally, Truist Financial Corp increased its position in Altria Group by 7.6% during the third quarter. Truist Financial Corp now owns 4,762,934 shares of the company’s stock worth $200,281,000 after buying an additional 337,548 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Altria Group

In other news, VP Charles N. Whitaker sold 22,487 shares of Altria Group stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total transaction of $988,303.65. Following the sale, the vice president now directly owns 173,485 shares of the company’s stock, valued at $7,624,665.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MO. UBS Group raised their price target on Altria Group from $36.10 to $36.50 and gave the stock a “sell” rating in a research report on Monday, April 8th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Wednesday, June 12th. Argus raised Altria Group to a “hold” rating in a research report on Friday, May 31st. Finally, Stifel Nicolaus restated a “buy” rating and set a $50.00 price objective on shares of Altria Group in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $46.90.

Get Our Latest Research Report on Altria Group

Altria Group Stock Performance

Altria Group stock traded up $0.37 during midday trading on Monday, reaching $44.69. The stock had a trading volume of 8,280,601 shares, compared to its average volume of 11,142,115. Altria Group, Inc. has a twelve month low of $39.06 and a twelve month high of $47.19. The stock has a market capitalization of $76.76 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 2.73 and a beta of 0.64. The stock’s 50-day simple moving average is $44.42 and its 200 day simple moving average is $42.51.

Altria Group (NYSE:MOGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.15 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 company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the company posted $1.18 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. Equities analysts predict that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The firm also recently announced 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 8.77%. The ex-dividend date is Friday, June 14th. Altria Group’s payout ratio is 82.01%.

Altria Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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