Redhawk Wealth Advisors Inc. Has $1.01 Million Stock Position in Altria Group, Inc. (NYSE:MO)

Redhawk Wealth Advisors Inc. grew its stake in Altria Group, Inc. (NYSE:MO) by 49.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,327 shares of the company’s stock after buying an additional 6,368 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Altria Group were worth $1,011,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of Altria Group by 163.6% in the second quarter. American Century Companies Inc. now owns 50,862 shares of the company’s stock worth $2,317,000 after purchasing an additional 31,568 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Altria Group by 24.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,141,605 shares of the company’s stock worth $97,550,000 after buying an additional 423,091 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Altria Group by 57.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 21,865 shares of the company’s stock worth $996,000 after buying an additional 7,983 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Altria Group by 387.9% during the 2nd quarter. Renaissance Technologies LLC now owns 350,300 shares of the company’s stock worth $15,956,000 after buying an additional 278,500 shares during the last quarter. Finally, Lmcg Investments LLC increased its position in shares of Altria Group by 24.7% in the second quarter. Lmcg Investments LLC now owns 12,585 shares of the company’s stock valued at $573,000 after acquiring an additional 2,493 shares during the last quarter. Institutional investors own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

MO has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Altria Group from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays lifted their price objective on shares of 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 target price on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.33.

Altria Group Trading Down 0.6 %

Shares of NYSE MO opened at $51.04 on Thursday. The company has a market cap of $86.50 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 2.69 and a beta of 0.64. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03. The stock has a 50-day moving average price of $54.44 and a two-hundred day moving average price of $51.92.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. The business had revenue of $6.26 billion during 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 firm’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 EPS. On average, sell-side analysts predict that Altria Group, Inc. will post 5.12 earnings per share for the current year.

Altria Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s 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.