Bcwm LLC Acquires Shares of 101,281 Altria Group, Inc. (NYSE:MO)

Bcwm LLC acquired a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 101,281 shares of the company's stock, valued at approximately $5,296,000. Altria Group makes up approximately 1.9% of Bcwm LLC's investment portfolio, making the stock its 25th biggest holding.

A number of other large investors have also added to or reduced their stakes in MO. Walled Lake Planning & Wealth Management LLC increased its position in shares of Altria Group by 3.7% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 117,026 shares of the company's stock worth $6,119,000 after purchasing an additional 4,146 shares in the last quarter. United Bank acquired a new position in Altria Group during the 4th quarter valued at about $234,000. RWA Wealth Partners LLC raised its stake in Altria Group by 3.0% in the fourth quarter. RWA Wealth Partners LLC now owns 15,361 shares of the company's stock valued at $803,000 after buying an additional 453 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Altria Group by 0.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 22,273,491 shares of the company's stock worth $1,164,681,000 after acquiring an additional 76,004 shares in the last quarter. Finally, Allianz SE purchased a new stake in shares of Altria Group during the fourth quarter worth about $715,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Trading Down 4.8 %

Shares of NYSE MO traded down $2.83 during trading on Wednesday, reaching $55.96. 10,906,005 shares of the company traded hands, compared to its average volume of 8,919,060. The stock has a market cap of $94.61 billion, a P/E ratio of 8.54, a PEG ratio of 2.89 and a beta of 0.56. The firm's fifty day simple moving average is $55.38 and its 200 day simple moving average is $53.69. Altria Group, Inc. has a 12-month low of $40.65 and a 12-month high of $60.18.

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Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate 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, research analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be given a $1.02 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.29%. Altria Group's dividend payout ratio (DPR) is currently 62.29%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MO. Deutsche Bank Aktiengesellschaft cut shares of Altria Group from a "buy" rating to a "hold" rating in a research note on Tuesday. UBS Group lifted their price target on Altria Group from $42.00 to $46.00 and gave the stock a "sell" rating in a research report on Tuesday. Morgan Stanley cut their price objective on Altria Group from $54.00 to $53.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Finally, Bank of America upgraded Altria Group from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $54.00.

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.