Elios Financial Group Inc. Invests $252,000 in Altria Group, Inc. (NYSE:MO)

Elios Financial Group Inc. purchased a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,824 shares of the company's stock, valued at approximately $252,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in Altria Group by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,159,890 shares of the company's stock valued at $107,679,000 after purchasing an additional 46,697 shares during the last quarter. Czech National Bank raised its stake in shares of Altria Group by 5.7% in the fourth quarter. Czech National Bank now owns 367,469 shares of the company's stock valued at $19,215,000 after acquiring an additional 19,893 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Altria Group by 5.3% in the 4th quarter. CWA Asset Management Group LLC now owns 240,454 shares of the company's stock worth $12,573,000 after acquiring an additional 12,011 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in Altria Group by 48.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 89,761 shares of the company's stock worth $4,581,000 after acquiring an additional 29,421 shares during the last quarter. Finally, Csenge Advisory Group increased its holdings in Altria Group by 29.1% during the 4th quarter. Csenge Advisory Group now owns 54,684 shares of the company's stock valued at $2,859,000 after purchasing an additional 12,320 shares in the last quarter. 57.41% of the stock is owned by institutional investors.

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Altria Group Stock Up 1.0 %

Altria Group stock traded up $0.56 during mid-day trading on Tuesday, hitting $57.69. 2,832,366 shares of the company's stock were exchanged, compared to its average volume of 8,999,191. The company's 50 day simple moving average is $56.31 and its 200-day simple moving average is $54.10. The firm has a market capitalization of $97.53 billion, a P/E ratio of 8.81, a PEG ratio of 2.89 and a beta of 0.54. Altria Group, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $60.18.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings data 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%. Research analysts expect that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be issued a dividend of $1.02 per share. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.07%. Altria Group's payout ratio is 62.29%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group lifted their price target on Altria Group from $42.00 to $46.00 and gave the company a "sell" rating in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft set a $60.00 price objective on Altria Group in a research report on Tuesday, April 1st. Finally, Morgan Stanley cut their price target on 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 research 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 an average rating of "Hold" and a consensus price target of $54.00.

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.