Catalyst Funds Management Pty Ltd Purchases 5,800 Shares of Altria Group, Inc. (NYSE:MO)

Catalyst Funds Management Pty Ltd grew its position in Altria Group, Inc. (NYSE:MO - Free Report) by 74.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,600 shares of the company's stock after purchasing an additional 5,800 shares during the period. Catalyst Funds Management Pty Ltd's holdings in Altria Group were worth $711,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MO. Financial Life Planners purchased a new stake in Altria Group in the 4th quarter worth about $25,000. True Wealth Design LLC increased its stake in shares of Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company's stock worth $29,000 after purchasing an additional 462 shares in the last quarter. Marshall Investment Management LLC purchased a new position in shares of Altria Group in the fourth quarter worth about $32,000. Promus Capital LLC bought a new stake in shares of Altria Group in the fourth quarter valued at approximately $33,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Altria Group during the 3rd quarter valued at approximately $34,000. 57.41% of the stock is owned by institutional investors.

Altria Group Trading Up 0.2 %

Shares of Altria Group stock traded up $0.14 during trading on Thursday, hitting $58.09. The stock had a trading volume of 7,206,853 shares, compared to its average volume of 8,296,811. Altria Group, Inc. has a 12 month low of $40.65 and a 12 month high of $59.67. The firm has a market cap of $98.21 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of 2.89 and a beta of 0.56. The business's 50-day moving average is $54.16 and its 200 day moving average is $53.42.

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Altria Group (NYSE:MO - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, topping 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%. As a group, equities analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Tuesday, March 25th. Altria Group's dividend payout ratio is currently 62.29%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MO. Bank of America raised shares of Altria Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $55.00 to $65.00 in a report on Friday, December 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Altria Group has an average rating of "Hold" and a consensus price target of $53.29.

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.