OneDigital Investment Advisors LLC Purchases 3,975 Shares of Altria Group, Inc. (NYSE:MO)

OneDigital Investment Advisors LLC raised its position in shares of Altria Group, Inc. (NYSE:MO) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,385 shares of the company’s stock after buying an additional 3,975 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Altria Group were worth $2,827,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Altria Group by 15.3% in the 3rd quarter. CWM LLC now owns 305,704 shares of the company’s stock valued at $15,603,000 after acquiring an additional 40,574 shares during the last quarter. Regal Investment Advisors LLC raised its position in Altria Group by 4.2% during the second quarter. Regal Investment Advisors LLC now owns 251,933 shares of the company’s stock valued at $11,476,000 after purchasing an additional 10,079 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Altria Group by 2.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,456,308 shares of the company’s stock valued at $74,330,000 after purchasing an additional 32,318 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Altria Group by 729.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,969,262 shares of the company’s stock worth $100,511,000 after purchasing an additional 1,731,932 shares during the period. Finally, White Lighthouse Investment Management Inc. bought a new position in shares of Altria Group during the 3rd quarter valued at approximately $483,000. Institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus raised their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group lifted their price target 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. Barclays increased their price objective on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Bank of America dropped their target price on Altria Group from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $51.33.

Altria Group Price Performance

MO stock opened at $55.93 on Friday. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $56.32. The business has a 50-day moving average price of $51.59 and a 200 day moving average price of $49.26. The company has a market capitalization of $94.79 billion, a P/E ratio of 9.45, a PEG ratio of 3.14 and a beta of 0.64.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. The company’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period last year, the firm earned $1.28 earnings per share. On average, analysts anticipate that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 16th were paid a dividend of $1.02 per share. This is a boost from Altria Group’s previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend was Monday, September 16th. Altria Group’s dividend payout ratio is 68.92%.

Altria Group Company Profile

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.