DRW Securities LLC Invests $578,000 in Altria Group, Inc. (NYSE:MO)

DRW Securities LLC purchased a new stake in Altria Group, Inc. (NYSE:MO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,078 shares of the company's stock, valued at approximately $578,000.

Other hedge funds have also modified their holdings of the company. Arete Wealth Advisors LLC bought a new stake in shares of Altria Group in the third quarter worth $963,000. Coldstream Capital Management Inc. raised its stake in shares of Altria Group by 8.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 41,605 shares of the company's stock valued at $2,144,000 after purchasing an additional 3,343 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Altria Group by 30.5% in the 3rd quarter. Toronto Dominion Bank now owns 927,433 shares of the company's stock worth $47,336,000 after acquiring an additional 216,863 shares in the last quarter. Sunbelt Securities Inc. increased its stake in Altria Group by 4.2% during the third quarter. Sunbelt Securities Inc. now owns 66,378 shares of the company's stock valued at $3,388,000 after purchasing an additional 2,692 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Altria Group by 1.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 594,032 shares of the company's stock valued at $30,320,000 after buying an additional 8,804 shares during the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MO. Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a research report on Tuesday, April 1st. UBS Group lifted their price objective on shares of Altria Group from $42.00 to $46.00 and gave the company a "sell" rating in a research note on Tuesday, April 1st. Finally, 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 report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Altria Group has a consensus rating of "Hold" and a consensus target price of $54.00.

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Altria Group Trading Up 0.6 %

Shares of Altria Group stock traded up $0.33 during trading on Monday, reaching $56.98. The stock had a trading volume of 2,788,119 shares, compared to its average volume of 8,997,465. Altria Group, Inc. has a 52 week low of $40.65 and a 52 week high of $60.18. The company has a market capitalization of $96.33 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 2.89 and a beta of 0.54. The stock has a fifty day moving average price of $56.22 and a two-hundred day moving average price of $54.06.

Altria Group (NYSE:MO - Get Free Report) last posted 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%. On average, equities analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be paid 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 dividend yield of 7.16%. Altria Group's payout ratio is presently 62.29%.

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.