Keyvantage Wealth LLC Makes New Investment in Altria Group, Inc. (NYSE:MO)

Keyvantage Wealth LLC acquired a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,168 shares of the company's stock, valued at approximately $270,000.

Several other hedge funds have also recently made changes to their positions in the company. Financial Life Planners purchased a new position in Altria Group in the fourth quarter valued at $25,000. Redwood Park Advisors LLC purchased a new stake in shares of Altria Group during the fourth quarter worth approximately $26,000. VSM Wealth Advisory LLC acquired a new position in Altria Group in the 4th quarter valued at $29,000. Marshall Investment Management LLC acquired a new stake in Altria Group during the 4th quarter worth $32,000. Finally, Promus Capital LLC purchased a new stake in shares of Altria Group during the fourth quarter worth $33,000. 57.41% of the stock is owned by institutional investors and hedge funds.

Altria Group Stock Performance

Shares of MO opened at $58.58 on Thursday. The stock has a market capitalization of $99.04 billion, a PE ratio of 8.94, a P/E/G 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. The company's 50-day simple moving average is $56.97 and its 200-day simple moving average is $54.42.

Altria Group (NYSE:MO - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) 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%. On average, sell-side analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 6.96%. Altria Group's dividend payout ratio is currently 62.29%.

Analysts Set New Price Targets

Several equities research analysts recently commented on MO shares. Morgan Stanley cut their price target 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. UBS Group upped their price target on Altria Group from $42.00 to $46.00 and gave the company a "sell" rating in a research note on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 price objective on shares of Altria Group in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given 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.

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.

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