denkapparat Operations GmbH Makes New Investment in Altria Group, Inc. (NYSE:MO)

denkapparat Operations GmbH acquired a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,056 shares of the company's stock, valued at approximately $526,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Life Planners bought a new stake in shares of Altria Group during the 4th quarter valued at about $25,000. True Wealth Design LLC grew its holdings in shares of Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company's stock valued at $29,000 after purchasing an additional 462 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Altria Group during the 4th quarter worth approximately $29,000. Marshall Investment Management LLC acquired a new stake in shares of Altria Group during the 4th quarter worth approximately $32,000. Finally, Promus Capital LLC bought a new stake in shares of Altria Group in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 57.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley lowered their price objective on Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Bank of America upgraded shares of Altria Group from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $53.29.

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Altria Group Price Performance

MO traded up $1.23 during midday trading on Monday, hitting $59.38. 6,791,264 shares of the company's stock traded hands, compared to its average volume of 8,844,541. The company has a market cap of $100.38 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The stock's fifty day simple moving average is $55.07 and its 200-day simple moving average is $53.60. Altria Group, Inc. has a one year low of $40.65 and a one year high of $59.89.

Altria Group (NYSE:MO - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. On average, research analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group's dividend payout ratio (DPR) is currently 62.29%.

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.