New Age Alpha Advisors LLC Purchases 186,329 Shares of Altria Group, Inc. (NYSE:MO)

New Age Alpha Advisors LLC lifted its holdings in shares of Altria Group, Inc. (NYSE:MO - Free Report) by 57,156.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 186,655 shares of the company's stock after acquiring an additional 186,329 shares during the period. New Age Alpha Advisors LLC's holdings in Altria Group were worth $9,760,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Financial Life Planners bought a new stake in Altria Group in the fourth quarter valued at $25,000. True Wealth Design LLC grew its holdings in shares of Altria Group by 420.0% in the 3rd quarter. True Wealth Design LLC now owns 572 shares of the company's stock worth $29,000 after purchasing an additional 462 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Altria Group during the 4th quarter worth about $29,000. Marshall Investment Management LLC bought a new position in Altria Group during the 4th quarter valued at about $32,000. Finally, Promus Capital LLC bought a new position in shares of Altria Group in the fourth quarter valued at approximately $33,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Stock Performance

NYSE:MO traded up $1.41 on Monday, hitting $59.56. 5,641,213 shares of the stock were exchanged, compared to its average volume of 8,836,613. Altria Group, Inc. has a 52 week low of $40.65 and a 52 week high of $59.87. The stock has a market capitalization of $100.69 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 2.89 and a beta of 0.56. The company's 50-day moving average price is $55.07 and its 200 day moving average price is $53.60.

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Altria Group (NYSE:MO - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share 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%. As a group, equities research analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Announces Dividend

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 paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 6.85%. Altria Group's dividend payout ratio (DPR) is presently 62.29%.

Analysts Set New Price Targets

MO has been the topic of a number of research analyst reports. Bank of America upgraded Altria Group from a "neutral" rating to a "buy" rating and increased their price target for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. Morgan Stanley lowered their target price 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $53.29.

Altria Group Company 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.