Tyler Stone Wealth Management Boosts Position in Altria Group, Inc. (NYSE:MO)

Tyler Stone Wealth Management lifted its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 94.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,704 shares of the company's stock after purchasing an additional 35,247 shares during the period. Tyler Stone Wealth Management's holdings in Altria Group were worth $3,711,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MO. MFA Wealth Advisors LLC bought a new position in shares of Altria Group in the second quarter worth about $27,000. Hobbs Group Advisors LLC bought a new position in Altria Group during the 2nd quarter worth about $30,000. Valley Wealth Managers Inc. grew its holdings in Altria Group by 63.9% during the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company's stock worth $30,000 after acquiring an additional 260 shares in the last quarter. Lynx Investment Advisory bought a new position in Altria Group during the 2nd quarter worth about $44,000. Finally, Covestor Ltd grew its holdings in Altria Group by 33.4% during the 1st quarter. Covestor Ltd now owns 1,047 shares of the company's stock worth $46,000 after acquiring an additional 262 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their target price 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. UBS Group increased their target price on shares of Altria Group from $39.00 to $41.00 and gave the stock a "sell" rating in a report on Monday, September 9th. StockNews.com upgraded shares of Altria Group from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Bank of America lowered their price target on shares of Altria Group from $57.00 to $53.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. Finally, Barclays raised their price target on shares of Altria Group from $45.00 to $46.00 and gave the company an "underweight" rating in a report on Wednesday. Two 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $51.33.

Altria Group Trading Up 1.0 %

Shares of NYSE:MO traded up $0.51 during trading on Friday, reaching $54.05. The stock had a trading volume of 5,712,292 shares, compared to its average volume of 7,669,546. The company has a market capitalization of $91.60 billion, a P/E ratio of 9.13, a PEG ratio of 3.09 and a beta of 0.64. The firm's 50-day simple moving average is $51.50 and its 200 day simple moving average is $48.85. Altria Group, Inc. has a one year low of $39.25 and a one year high of $55.05.

Altria Group (NYSE:MO - Get Free Report) last announced 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 firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. Altria Group's revenue was up 18.6% on a year-over-year basis. During the same period last year, the firm posted $1.28 EPS. Equities research analysts forecast that Altria Group, Inc. will post 5.11 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 16th were given a $1.02 dividend. This is a positive change from Altria Group's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 7.55%. The ex-dividend date of this dividend was Monday, September 16th. Altria Group's dividend payout ratio (DPR) is presently 68.92%.

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.