Gibson Wealth Advisors LLC Raises Stake in Altria Group, Inc. (NYSE:MO)

Financial Advisors


Gibson Wealth Advisors LLC increased its stake in Altria Group, Inc. (NYSE: MO – Get Rating) by 6,200.0% in the fourth quarter, according to the latest 13F file filed with the U.S. Securities and Exchange Commission. The institutional investor owned 6,300 shares of the company after purchasing another 6,200 shares during the quarter. Gibson Wealth Advisors LLC’s Altria Group holdings were valued at $285,000 at the end of the most recent quarter.

Other big investors have also changed positions in the company. Sei Investments Co. boosted his position in Altria Group shares by 1.6% in the first quarter. Sei Investments Co. now owns 404,894 shares worth $21,248,000 after purchasing an additional 6,324 of his shares last quarter. Sequoia Financial Advisors LLC increased his position in Altria Group by 5.2% in the first quarter. Sequoia Financial Advisors LLC now owns 18,647 shares worth $974,000 after acquiring an additional 929 shares during the previous quarter. Loomis Sayles & Co. LP acquired a new stake in his Altria Group worth approximately $25,000 in the first quarter. Mackenzie Financial Corp increased his Altria Group stake by 3.4% in the first quarter. Mackenzie Financial Corp now owns 2,711,773 shares worth $141.69 million after purchasing an additional 89,334 shares in the previous quarter. Finally, First Western Trust Bank acquired a new stake in Altria Group worth approximately $498,000 in the first quarter. Hedge funds and other institutional investors own 58.68% of the company’s shares.

Wall Street analyst opinion

Multiple equity analysts are eyeing MO stocks. Citigroup lowered its price target on Altria Group from $49.50 to $47.00 in a research report on Monday, April 17, setting the company’s rating to “neutral.” StockNews.com began coverage of Altria Group shares with a report on Thursday, March 16. They gave the stock a “buy” rating. ” gave the rating. Finally, Stifel Nicolaus kicked off coverage of his Altria Group stake in his research report on Thursday, April 13th. They issued a ‘buy’ rating and a price target of $52.00. Two investment analysts gave a sell rating, six assigned a hold rating, and three assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of ‘hold’ and a consensus price target of $45.50.

Price performance of the Altria Group

NYSE:MO fell $0.08 to reach $47.10 during Wednesday’s trading hours. His 946,804 shares in the company were exchanged, but the average trading volume was 8,147,622 of his shares. The company has a market capitalization of $84.08 billion, a price/earnings ratio of 15.17, a PEG ratio of 2.33 and a beta of 0.59. His 50-day simple moving average for this stock is $45.88 and its 200-day simple moving average is $45.82. Altria Group, Inc. has a 52-week low of $40.35 and a 52-week high of $57.03.

Altria Group (NYSE:MO – Get Rating) last announced quarterly earnings data on Thursday, April 27. The company reported quarterly EPS of $1.18, missing analyst consensus expectations of $1.19 ($0.01). Altria Group’s return on equity was 245.43% and net profit margin was 22.44%. The company’s revenue for the quarter was $4.76 billion, compared with analyst estimates of $4.89 billion. His earnings per share for the company in the same period last year were $1.12. The company’s quarterly revenue fell 1.2% year-on-year. On average, analysts forecast Altria Group’s EPS to be 5.06 this year.

Altria Group Dividend Notice

The company recently announced a quarterly dividend, which was paid out on Friday, April 28th. Dividends of $0.94 per share were issued to shareholders of record on Friday, March 24. This represents his $3.76 dividend and his 7.98% dividend yield on an annual basis. The ex-dividend date was Thursday, March 23. Altria Group’s dividend payout ratio is currently 120.90%.

Altria Group Company Profile

(get rating)

Altria Group, Inc operates as a holding company and manufactures and sells tobacco in the United States. It operates through the following segments: Smoking Products, Oral Tobacco Products, and Wine. The Smokeable Products segment consists of cigarettes manufactured and marketed by PM USA and machine-made large cigars and pipe tobacco manufactured and marketed by Middleton.

Featured Stories

Want to see other hedge funds holding MOs? Visit HoldingsChannel.com to get the latest Altria Group, Inc. (NYSE:MO – Get Rating) 13F filings and insider trading.

Quarterly institutional ownership of Altria Group (NYSE:MO)

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