Counterpoint Mutual Funds LLC Acquires Shares of 20,945 Altria Group, Inc. (NYSE:MO)

Counterpoint Mutual Funds LLC purchased a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,945 shares of the company's stock, valued at approximately $1,095,000.

Several other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC boosted its position in shares of Altria Group by 9.9% in the fourth quarter. Signaturefd LLC now owns 32,244 shares of the company's stock worth $1,686,000 after purchasing an additional 2,912 shares during the period. Parallel Advisors LLC grew its position in shares of Altria Group by 13.2% during the fourth quarter. Parallel Advisors LLC now owns 45,652 shares of the company's stock worth $2,387,000 after purchasing an additional 5,325 shares in the last quarter. Cibc World Markets Corp raised its stake in Altria Group by 9.8% during the 4th quarter. Cibc World Markets Corp now owns 595,440 shares of the company's stock valued at $31,136,000 after purchasing an additional 53,228 shares during the period. Gray Wealth Management Inc. lifted its holdings in Altria Group by 2.8% in the 4th quarter. Gray Wealth Management Inc. now owns 22,464 shares of the company's stock worth $1,175,000 after purchasing an additional 607 shares in the last quarter. Finally, GWN Securities Inc. bought a new position in Altria Group in the 4th quarter worth approximately $1,516,000. Institutional investors own 57.41% of the company's stock.

Altria Group Stock Down 1.1 %

MO traded down $0.63 on Friday, hitting $57.46. The company had a trading volume of 33,829,726 shares, compared to its average volume of 8,648,105. Altria Group, Inc. has a 12-month low of $40.65 and a 12-month high of $59.67. The business's fifty day simple moving average is $54.29 and its 200 day simple moving average is $53.45. The company has a market cap of $97.14 billion, a PE ratio of 8.77, a PEG ratio of 2.89 and a beta of 0.56.

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Altria Group (NYSE:MO - Get Free Report) last released its 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%. On average, analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be issued a $1.02 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 7.10%. Altria Group's dividend payout ratio (DPR) is presently 62.29%.

Analyst Ratings Changes

MO has been the topic of several recent analyst reports. 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. Morgan Stanley decreased their price target on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. 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, the company currently has a consensus rating of "Hold" and an average target price of $53.29.

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.