Altria Group, Inc. (NYSE:MO) Holdings Raised by Csenge Advisory Group

Csenge Advisory Group boosted its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 29.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,684 shares of the company's stock after acquiring an additional 12,320 shares during the period. Csenge Advisory Group's holdings in Altria Group were worth $2,859,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MO. Creative Planning lifted its holdings in Altria Group by 4.7% in the third quarter. Creative Planning now owns 531,504 shares of the company's stock worth $27,128,000 after acquiring an additional 24,039 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Altria Group by 4.9% in the third quarter. Vontobel Holding Ltd. now owns 67,010 shares of the company's stock worth $3,420,000 after acquiring an additional 3,129 shares during the last quarter. Secure Asset Management LLC lifted its holdings in Altria Group by 17.7% in the third quarter. Secure Asset Management LLC now owns 9,720 shares of the company's stock worth $496,000 after acquiring an additional 1,461 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Altria Group by 1.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 222,925 shares of the company's stock worth $11,378,000 after acquiring an additional 3,663 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Altria Group by 34.7% in the third quarter. V Square Quantitative Management LLC now owns 16,451 shares of the company's stock worth $840,000 after acquiring an additional 4,238 shares during the last quarter. Institutional investors own 57.41% of the company's stock.

Altria Group Trading Up 1.2 %

NYSE:MO traded up $0.62 during mid-day trading on Wednesday, reaching $53.37. 6,735,372 shares of the stock were exchanged, compared to its average volume of 7,289,180. The business has a fifty day moving average price of $52.65 and a 200 day moving average price of $52.65. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03. The firm has a market capitalization of $90.45 billion, a PE ratio of 8.15, a PEG ratio of 2.83 and a beta of 0.64.

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

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.65%. Altria Group's dividend payout ratio (DPR) is presently 62.29%.

Analyst Ratings Changes

MO has been the topic of a number of recent analyst reports. StockNews.com raised Altria Group from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Barclays lifted their target price on Altria Group from $45.00 to $46.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Morgan Stanley reduced their price target on Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Stifel Nicolaus raised their price target on Altria Group from $54.00 to $60.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Bank of America raised shares of Altria Group from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $53.29.

Altria Group Company 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.