23,121 Shares in Altria Group, Inc. (NYSE:MO) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased 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 & Exchange Commission. The institutional investor purchased 23,121 shares of the company's stock, valued at approximately $1,209,000.

A number of other large investors have also recently bought and sold shares of MO. Financial Life Planners acquired a new stake in shares of Altria Group during the 4th quarter worth approximately $25,000. VSM Wealth Advisory LLC bought a new position in Altria Group during the fourth quarter worth $29,000. Marshall Investment Management LLC acquired a new stake in Altria Group in the fourth quarter worth $32,000. Promus Capital LLC bought a new stake in Altria Group in the fourth quarter valued at $33,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Altria Group during the third quarter valued at about $34,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. UBS Group raised their target price on Altria Group from $42.00 to $46.00 and gave the company a "sell" rating in a research note on Tuesday, April 1st. Morgan Stanley decreased their price objective on Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Altria Group from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Altria Group presently has a consensus rating of "Hold" and a consensus target price of $54.00.

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Altria Group Trading Down 3.2 %

Altria Group stock traded down $1.84 during trading on Friday, hitting $56.05. 16,322,328 shares of the company were exchanged, compared to its average volume of 8,941,049. The company has a market capitalization of $94.77 billion, a P/E ratio of 8.56, a PEG ratio of 2.89 and a beta of 0.54. The business's 50 day moving average is $55.72 and its 200 day moving average is $53.82. Altria Group, Inc. has a 52 week low of $40.65 and a 52 week high of $60.18.

Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 46.90% and a negative return on equity of 258.72%. Equities analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

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 paid a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 annualized dividend and a yield of 7.28%. Altria Group's dividend payout ratio (DPR) is 62.29%.

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.