Mid American Wealth Advisory Group Inc. Has $1.88 Million Position in Altria Group, Inc. (NYSE:MO)

Mid American Wealth Advisory Group Inc. trimmed its position in shares of Altria Group, Inc. (NYSE:MO) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,899 shares of the company’s stock after selling 6,484 shares during the period. Altria Group makes up approximately 1.1% of Mid American Wealth Advisory Group Inc.’s holdings, making the stock its 26th largest holding. Mid American Wealth Advisory Group Inc.’s holdings in Altria Group were worth $1,877,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. True Wealth Design LLC boosted its holdings in shares of Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after acquiring an additional 462 shares during the period. Legacy Investment Solutions LLC acquired a new position in shares of Altria Group during the 3rd quarter valued at $34,000. Peterson Financial Group Inc. acquired a new position in Altria Group during the third quarter worth $41,000. Fairman Group LLC lifted its position in shares of Altria Group by 85.1% during the third quarter. Fairman Group LLC now owns 892 shares of the company’s stock valued at $46,000 after purchasing an additional 410 shares in the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in shares of Altria Group in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Price Performance

Shares of MO stock traded up $0.02 during trading on Monday, hitting $50.89. 2,136,799 shares of the stock traded hands, compared to its average volume of 6,171,477. Altria Group, Inc. has a 52-week low of $39.25 and a 52-week high of $58.03. The firm’s fifty day moving average price is $54.56 and its 200-day moving average price is $51.84. The firm has a market capitalization of $86.25 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 3.03 and a beta of 0.64.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.03. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The firm’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 earnings per share. As a group, equities research analysts expect that Altria Group, Inc. will post 5.12 earnings per share for the current year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 8.02%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is 68.92%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MO. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Barclays upped their price objective on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Citigroup upped their price target on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.33.

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.