2 weeks Ago By ABMN Staff
Regal Investment Advisors LLC boosted its position in shares of Altria Group, Inc. ( NYSE:MO – Free Report ) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The firm owned 251,933 shares of the company’s stock after buying an additional 10,079 shares during the quarter. Altria Group accounts for approximately 0.7% of Regal Investment Advisors LLC’s investment portfolio, making the stock its 27th largest position.
Regal Investment Advisors LLC’s holdings in Altria Group were worth $11,476,000 at the end of the most recent reporting period. Other institutional investors and hedge funds also recently bought and sold shares of the company. Maryland Capital Advisors Inc.
boosted its stake in shares of Altria Group by 154.4% during the first quarter. Maryland Capital Advisors Inc.
now owns 575 shares of the company’s stock valued at $25,000 after purchasing an additional 349 shares during the period. BNP Paribas purchased a new stake in shares of Altria Group during the first quarter valued at $27,000. MFA Wealth Advisors LLC purchased a new stake in shares of Altria Group during the second quarter valued at $27,000.
Pineridge Advisors LLC purchased a new stake in shares of Altria Group during the fourth quarter valued at $28,000. Finally, Westend Capital Management LLC purchased a new stake in shares of Altria Group during the first quarter valued at $29,000. 57.
41% of the stock is owned by hedge funds and other institutional investors. Altria Group Stock Down 0.1 % Shares of Altria Group stock opened at $51.
05 on Monday. The firm has a market capitalization of $87.68 billion, a P/E ratio of 10.
68, a PEG ratio of 2.95 and a beta of 0.65.
The company has a 50 day moving average price of $51.50 and a 200 day moving average price of $47.15.
Altria Group, Inc. has a 52 week low of $39.06 and a 52 week high of $54.
95. Altria Group Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 16th will be given a dividend of $1.
02 per share. The ex-dividend date is Monday, September 16th. This is a positive change from Altria Group’s previous quarterly dividend of $0.
98. This represents a $4.08 dividend on an annualized basis and a yield of 7.
99%. Altria Group’s dividend payout ratio (DPR) is currently 85.36%.
Analysts Set New Price Targets A number of analysts have recently issued reports on the stock. Barclays boosted their target price on shares of Altria Group from $43.00 to $45.
00 and gave the company an “underweight” rating in a research note on Monday, September 9th. Stifel Nicolaus upped their price objective on shares of Altria Group from $50.00 to $54.
00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. UBS Group upped their price objective on shares of Altria Group from $39.00 to $41.
00 and gave the stock a “sell” rating in a research note on Monday, September 9th. Bank of America upped their price objective on shares of Altria Group from $52.00 to $57.
00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Finally, StockNews.com upgraded shares of Altria Group from a “hold” rating to a “buy” rating in a report on Friday, June 28th.
Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $49.67.
Check Out Our Latest Research Report on MO About Altria Group ( 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. Read More Want to see what other hedge funds are holding MO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Altria Group, Inc. ( NYSE:MO – Free Report ). Receive News & Ratings for Altria Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altria Group and related companies with MarketBeat.
com's FREE daily email newsletter ..
