Reitz Capital Advisors LLC Makes New Investment in Altria Group Inc (NYSE:MO)

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Reitz Capital Advisors LLC bought a new position in Altria Group Inc (NYSE:MO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,672 shares of the company’s stock, valued at approximately $144,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Ameritas Investment Company LLC increased its position in shares of Altria Group by 2.8% during the 4th quarter. Ameritas Investment Company LLC now owns 17,485 shares of the company’s stock valued at $873,000 after purchasing an additional 470 shares during the last quarter. Balentine LLC bought a new position in Altria Group during the 1st quarter worth approximately $75,000. Archer Investment Corp bought a new position in Altria Group during the 4th quarter worth approximately $254,000. Sailer Financial LLC bought a new position in Altria Group during the 4th quarter worth approximately $75,000. Finally, State of Alaska Department of Revenue grew its position in Altria Group by 2.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 330,463 shares of the company’s stock worth $12,970,000 after acquiring an additional 8,802 shares during the last quarter. Institutional investors and hedge funds own 63.59% of the company’s stock.

Several equities analysts recently issued reports on MO shares. Cfra raised their price target on Altria Group from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Deutsche Bank reduced their price target on Altria Group from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Morgan Stanley upgraded Altria Group from an “equal weight” rating to an “overweight” rating and set a $49.00 price target on the stock in a research report on Monday, March 16th. ValuEngine lowered Altria Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $68.00 price objective on shares of Altria Group in a report on Monday, March 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.29.

Shares of MO traded up $0.86 on Tuesday, reaching $41.06. The stock had a trading volume of 7,703,875 shares, compared to its average volume of 11,044,190. The firm has a market capitalization of $74.71 billion, a price-to-earnings ratio of -82.04, a price-to-earnings-growth ratio of 1.90 and a beta of 0.43. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.53 and a current ratio of 0.71. The company has a 50-day simple moving average of $39.84 and a 200-day simple moving average of $42.06. Altria Group Inc has a 12-month low of $30.95 and a 12-month high of $52.45.

Altria Group (NYSE:MO) last released its earnings results on Thursday, April 30th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.11. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.51 billion. Altria Group had a positive return on equity of 84.55% and a negative net margin of 3.33%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. On average, analysts expect that Altria Group Inc will post 4.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date of this dividend was Friday, June 12th. Altria Group’s payout ratio is presently 79.62%.

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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