Teamwork Financial Advisors LLC Acquires 689 Shares of Altria Group, Inc. (NYSE:MO)

Teamwork Financial Advisors LLC lifted its holdings in Altria Group, Inc. (NYSE:MO) by 6.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,715 shares of the company’s stock after buying an additional 689 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Altria Group were worth $467,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MO. FSC Wealth Advisors LLC increased its position in Altria Group by 21.3% in the fourth quarter. FSC Wealth Advisors LLC now owns 2,719 shares of the company’s stock worth $110,000 after purchasing an additional 477 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of Altria Group during the 4th quarter worth about $39,000. Albion Financial Group UT grew its position in shares of Altria Group by 49.1% during the 1st quarter. Albion Financial Group UT now owns 2,767 shares of the company’s stock worth $121,000 after buying an additional 911 shares during the period. Nordea Investment Management AB grew its position in shares of Altria Group by 0.5% during the 4th quarter. Nordea Investment Management AB now owns 1,011,345 shares of the company’s stock worth $40,727,000 after buying an additional 4,789 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its position in shares of Altria Group by 15.6% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 40,074 shares of the company’s stock worth $1,617,000 after buying an additional 5,418 shares during the period. 57.41% of the stock is owned by institutional investors.

Insider Transactions at Altria Group

In other 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 transaction of $988,303.65. Following the sale, the vice president now owns 173,485 shares in the company, valued at approximately $7,624,665.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MO. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Friday, June 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price objective on shares of Altria Group in a research report on Monday, March 25th. UBS Group boosted 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. Finally, Argus upgraded Altria Group to a “hold” rating in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $46.90.

Altria Group Stock Performance

NYSE MO opened at $45.90 on Friday. The stock has a market capitalization of $78.84 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 2.80 and a beta of 0.66. The stock’s 50 day moving average price is $45.43 and its two-hundred day moving average price is $42.85. Altria Group, Inc. has a 52 week low of $39.06 and a 52 week high of $47.19.

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

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date of this dividend is Friday, June 14th. Altria Group’s dividend payout ratio is currently 82.01%.

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.