Callan Family Office LLC Invests $210,000 in Altria Group, Inc. (NYSE:MO)

Callan Family Office LLC purchased a new position in Altria Group, Inc. (NYSE:MO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,121 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Maryland Capital Advisors Inc. grew its holdings in shares of Altria Group by 154.4% during the 1st quarter. Maryland Capital Advisors Inc. now owns 575 shares of the company’s stock valued at $25,000 after purchasing an additional 349 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in shares of Altria Group during the 2nd quarter valued at $27,000. BNP Paribas purchased a new stake in Altria Group during the 1st quarter valued at $27,000. Hobbs Group Advisors LLC purchased a new stake in Altria Group during the 2nd quarter valued at $30,000. Finally, Westend Capital Management LLC purchased a new stake in Altria Group during the 1st quarter valued at $29,000. Institutional investors own 57.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MO shares. Bank of America increased their price target on shares of Altria Group from $52.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Citigroup increased their price target on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays increased their price target on shares of Altria Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Monday, September 9th. StockNews.com cut shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, UBS Group increased their price target on shares of Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.17.

Altria Group Trading Down 0.7 %

NYSE:MO opened at $49.55 on Wednesday. The company has a 50-day moving average price of $51.57 and a 200-day moving average price of $47.40. Altria Group, Inc. has a 12 month low of $39.06 and a 12 month high of $54.95. The stock has a market cap of $85.11 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 2.95 and a beta of 0.65.

Altria Group (NYSE:MO) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.04). Altria Group had a net margin of 42.25% and a negative return on equity of 232.55%. The business had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same period last year, the business earned $1.31 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. Equities analysts forecast that Altria Group, Inc. will post 5.11 EPS for the current fiscal year.

Altria Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 16th will be given 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 yield of 8.23%. The ex-dividend date of this dividend is Monday, September 16th. Altria Group’s dividend payout ratio (DPR) is 85.36%.

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.