Atlantic Union Bankshares Corp Buys 10,287 Shares of Altria Group, Inc. (NYSE:MO)

Atlantic Union Bankshares Corp raised its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,096 shares of the company's stock after buying an additional 10,287 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Altria Group were worth $5,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Amundi increased its holdings in Altria Group by 1.8% in the 4th quarter. Amundi now owns 710,094 shares of the company's stock valued at $36,563,000 after buying an additional 12,217 shares during the period. Dorsey & Whitney Trust CO LLC increased its holdings in Altria Group by 8.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,470 shares of the company's stock valued at $495,000 after buying an additional 745 shares during the period. Naviter Wealth LLC bought a new stake in shares of Altria Group in the 4th quarter worth about $225,000. Capital Management Corp VA grew its holdings in shares of Altria Group by 1.6% in the 4th quarter. Capital Management Corp VA now owns 122,681 shares of the company's stock worth $6,415,000 after purchasing an additional 1,885 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in shares of Altria Group in the 4th quarter worth about $79,000. Institutional investors own 57.41% of the company's stock.

Altria Group Stock Up 1.4 %

Shares of NYSE MO opened at $57.79 on Friday. The firm's 50-day simple moving average is $53.15 and its 200 day simple moving average is $53.09. The company has a market cap of $97.70 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. Altria Group, Inc. has a 12-month low of $40.65 and a 12-month high of $58.59.

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Altria Group (NYSE:MO - Get Free Report) last issued its quarterly earnings results 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, equities analysts expect that Altria Group, Inc. will post 5.32 earnings per share 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 given a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a yield of 7.06%. Altria Group's payout ratio is presently 62.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Bank of America raised shares of Altria Group from a "neutral" rating to a "buy" rating and upped their target price 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 given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.

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