Opal Wealth Advisors LLC Has $269,000 Position in Altria Group, Inc. (NYSE:MO)

Opal Wealth Advisors LLC lessened its position in Altria Group, Inc. (NYSE:MO) by 16.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,172 shares of the company’s stock after selling 1,207 shares during the period. Opal Wealth Advisors LLC’s holdings in Altria Group were worth $269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Taylor & Morgan Wealth Management LLC raised its position in Altria Group by 2.1% during the fourth quarter. Taylor & Morgan Wealth Management LLC now owns 11,981 shares of the company’s stock valued at $483,000 after purchasing an additional 246 shares in the last quarter. Salvus Wealth Management LLC increased its holdings in Altria Group by 1.8% during the 4th quarter. Salvus Wealth Management LLC now owns 14,326 shares of the company’s stock valued at $578,000 after purchasing an additional 250 shares during the period. Baron Silver Stevens Financial Advisors LLC increased its holdings in Altria Group by 3.7% during the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 7,332 shares of the company’s stock valued at $296,000 after purchasing an additional 262 shares during the period. CFM Wealth Partners LLC increased its holdings in Altria Group by 0.3% during the 4th quarter. CFM Wealth Partners LLC now owns 81,901 shares of the company’s stock valued at $3,304,000 after purchasing an additional 263 shares during the period. Finally, Zullo Investment Group Inc. increased its holdings in Altria Group by 4.2% during the 4th quarter. Zullo Investment Group Inc. now owns 6,559 shares of the company’s stock valued at $265,000 after purchasing an additional 264 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MO shares. Argus upgraded Altria Group to a “hold” rating in a report on Friday, May 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price objective on shares of Altria Group in a research report on Monday, March 25th. StockNews.com cut Altria Group from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, UBS Group lifted their price objective on Altria Group from $36.10 to $36.50 and gave the company a “sell” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.90.

Altria Group Stock Up 0.3 %

Shares of MO opened at $45.87 on Monday. The business’s 50 day moving average price is $44.71 and its 200-day moving average price is $42.59. Altria Group, Inc. has a 52 week low of $39.06 and a 52 week high of $47.19. The stock has a market cap of $78.79 billion, a P/E ratio of 9.57, a P/E/G ratio of 2.80 and a beta of 0.64.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.15 EPS for the quarter, hitting analysts’ consensus estimates of $1.15. Altria Group had a negative return on equity of 222.80% and a net margin of 34.81%. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the firm posted $1.18 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 14th will be given a $0.98 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.92 annualized dividend and a yield of 8.55%. Altria Group’s dividend payout ratio (DPR) is presently 82.01%.

Insider Activity at Altria Group

In related news, VP Charles N. Whitaker sold 22,487 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $43.95, for a total value of $988,303.65. Following the transaction, the vice president now directly owns 173,485 shares of the company’s stock, valued at approximately $7,624,665.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

About Altria Group

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.