IHT Wealth Management LLC Acquires 5,307 Shares of Altria Group, Inc. (NYSE:MO)

IHT Wealth Management LLC raised its position in Altria Group, Inc. (NYSE:MO - Free Report) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,339 shares of the company's stock after purchasing an additional 5,307 shares during the quarter. IHT Wealth Management LLC's holdings in Altria Group were worth $2,475,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Altria Group by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,805,286 shares of the company's stock valued at $3,127,218,000 after acquiring an additional 2,296,972 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Altria Group by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 41,938,507 shares of the company's stock worth $2,193,687,000 after purchasing an additional 1,134,748 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Altria Group by 0.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 22,273,491 shares of the company's stock worth $1,164,681,000 after purchasing an additional 76,004 shares during the last quarter. Invesco Ltd. boosted its holdings in Altria Group by 9.1% during the fourth quarter. Invesco Ltd. now owns 11,801,958 shares of the company's stock worth $617,124,000 after purchasing an additional 983,328 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Altria Group by 3.7% in the fourth quarter. First Trust Advisors LP now owns 6,218,299 shares of the company's stock valued at $325,155,000 after purchasing an additional 222,584 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

Altria Group Price Performance

MO stock traded down $0.43 during midday trading on Friday, reaching $58.28. 5,677,445 shares of the company were exchanged, compared to its average volume of 8,816,682. The business has a 50-day moving average price of $57.08 and a two-hundred day moving average price of $54.48. The firm has a market capitalization of $98.53 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. Altria Group, Inc. has a one year low of $42.76 and a one year high of $60.18.

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

Altria Group Dividend Announcement

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 given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group's payout ratio is 62.29%.

Wall Street Analyst Weigh In

MO has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of Altria Group from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Friday. Morgan Stanley decreased their price target on Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. UBS Group upped their price objective on Altria Group from $42.00 to $46.00 and gave the stock a "sell" rating in a research note on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 target price on shares of Altria Group in a research note on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Altria Group presently has an average rating of "Hold" and a consensus price target of $55.00.

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.