Meristem Family Wealth LLC Raises Stake in Altria Group Inc (NYSE:MO)

Meristem Family Wealth LLC raised its holdings in Altria Group Inc (NYSE:MO) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,103 shares of the company’s stock after buying an additional 695 shares during the period. Meristem Family Wealth LLC’s holdings in Altria Group were worth $352,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC purchased a new stake in shares of Altria Group during the fourth quarter worth approximately $27,000. New South Capital Management Inc. purchased a new stake in shares of Altria Group in the fourth quarter valued at about $30,000. Wealth Alliance acquired a new position in shares of Altria Group during the fourth quarter worth about $61,000. Cox Capital Mgt LLC purchased a new position in Altria Group during the first quarter worth about $32,000. Finally, Solstein Capital LLC purchased a new position in Altria Group during the fourth quarter worth about $36,000. 63.68% of the stock is owned by institutional investors and hedge funds.

Shares of MO traded up $0.48 during mid-day trading on Monday, hitting $39.53. The company had a trading volume of 2,079,455 shares, compared to its average volume of 10,643,889. Altria Group Inc has a 1-year low of $30.95 and a 1-year high of $52.46. The business’s 50-day simple moving average is $38.56 and its 200-day simple moving average is $44.17. The stock has a market cap of $72.57 billion, a PE ratio of -79.69, a P/E/G ratio of 1.84 and a beta of 0.44. The company has a quick ratio of 0.53, a current ratio of 0.71 and a debt-to-equity ratio of 4.06.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.11. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.51 billion. Altria Group had a positive return on equity of 84.55% and a negative net margin of 3.33%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. On average, sell-side analysts expect that Altria Group Inc will post 4.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $3.36 dividend on an annualized basis and a yield of 8.50%. Altria Group’s dividend payout ratio (DPR) is 79.62%.

Several equities analysts have issued reports on MO shares. Citigroup dropped their target price on Altria Group from $60.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. ValuEngine downgraded Altria Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Royal Bank of Canada restated a “buy” rating and set a $68.00 target price on shares of Altria Group in a research report on Monday, March 23rd. Stifel Nicolaus cut their price target on shares of Altria Group from $56.00 to $52.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Panmure Gordon raised shares of Altria Group from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Friday, April 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Altria Group presently has a consensus rating of “Buy” and an average price target of $50.79.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.

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

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