Forum Financial Management LP Has $1.13 Million Stock Holdings in Altria Group, Inc. (NYSE:MO)

Forum Financial Management LP lifted its position in Altria Group, Inc. (NYSE:MO - Free Report) by 33.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,546 shares of the company's stock after buying an additional 5,449 shares during the quarter. Forum Financial Management LP's holdings in Altria Group were worth $1,127,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital International Sarl boosted its stake in shares of Altria Group by 33.8% during the 4th quarter. Capital International Sarl now owns 41,119 shares of the company's stock worth $2,150,000 after acquiring an additional 10,392 shares in the last quarter. Arvest Bank Trust Division bought a new stake in Altria Group during the fourth quarter worth approximately $212,000. Capital Square LLC grew its holdings in Altria Group by 6.6% during the fourth quarter. Capital Square LLC now owns 62,954 shares of the company's stock valued at $3,277,000 after purchasing an additional 3,908 shares during the last quarter. Cravens & Co Advisors LLC raised its position in shares of Altria Group by 2.9% in the fourth quarter. Cravens & Co Advisors LLC now owns 7,487 shares of the company's stock valued at $391,000 after purchasing an additional 214 shares during the period. Finally, MSH Capital Advisors LLC bought a new stake in shares of Altria Group during the 4th quarter worth $502,000. Institutional investors and hedge funds own 57.41% of the company's stock.

Altria Group Stock Performance

Shares of NYSE:MO traded down $0.68 during trading on Wednesday, hitting $58.14. 3,595,969 shares of the stock were exchanged, compared to its average volume of 8,876,026. The company's fifty day simple moving average is $56.86 and its 200-day simple moving average is $54.39. The company has a market capitalization of $98.30 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. Altria Group, Inc. has a 1-year low of $42.40 and a 1-year 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 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%. On average, research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 7.02%. Altria Group's dividend payout ratio is currently 62.29%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group upped their price target on shares of Altria Group from $42.00 to $46.00 and gave the company a "sell" rating in a report on Tuesday, April 1st. Morgan Stanley lowered their target price 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, Deutsche Bank Aktiengesellschaft set a $60.00 price target on Altria Group in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.