Altria Group, Inc. (NYSE:MO) Shares Bought by Radnor Capital Management LLC

Radnor Capital Management LLC grew its stake in Altria Group, Inc. (NYSE:MO) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,496 shares of the company’s stock after buying an additional 300 shares during the quarter. Radnor Capital Management LLC’s holdings in Altria Group were worth $1,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC purchased a new stake in Altria Group in the 2nd quarter valued at approximately $27,000. Hobbs Group Advisors LLC purchased a new position in Altria Group during the second quarter worth about $30,000. Valley Wealth Managers Inc. boosted its position in shares of Altria Group by 63.9% in the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after acquiring an additional 260 shares during the last quarter. Lynx Investment Advisory purchased a new stake in shares of Altria Group during the 2nd quarter valued at $44,000. Finally, Covestor Ltd grew its position in Altria Group by 33.4% during the first quarter. Covestor Ltd now owns 1,047 shares of the company’s stock valued at $46,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on MO shares. Citigroup increased their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Stifel Nicolaus boosted their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group raised their price objective on Altria Group from $39.00 to $41.00 and gave the stock a “sell” rating in a research note on Monday, September 9th. Barclays lifted their target price on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $51.33.

Altria Group Stock Up 0.2 %

Shares of NYSE:MO opened at $54.28 on Thursday. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $55.05. The firm has a market capitalization of $91.99 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 3.06 and a beta of 0.64. The firm has a fifty day moving average of $51.49 and a two-hundred day moving average of $48.70.

Altria Group (NYSE:MO) last issued 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 company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The business’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. Equities research analysts expect that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 16th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.52%. This is an increase from Altria Group’s previous quarterly dividend of $0.98. Altria Group’s dividend payout ratio (DPR) is currently 68.92%.

Altria Group 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.