32,169 Shares in Altria Group, Inc. (NYSE:MO) Bought by one8zero8 LLC

one8zero8 LLC bought a new position in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,169 shares of the company's stock, valued at approximately $1,682,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Choate Investment Advisors boosted its holdings in Altria Group by 64.7% in the 4th quarter. Choate Investment Advisors now owns 12,389 shares of the company's stock valued at $648,000 after purchasing an additional 4,869 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Altria Group by 19.3% in the 4th quarter. Natixis Advisors LLC now owns 947,121 shares of the company's stock valued at $49,525,000 after purchasing an additional 152,945 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in Altria Group by 10.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 67,331 shares of the company's stock valued at $3,521,000 after purchasing an additional 6,484 shares during the last quarter. Catalyst Funds Management Pty Ltd boosted its holdings in Altria Group by 74.4% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 13,600 shares of the company's stock valued at $711,000 after purchasing an additional 5,800 shares during the last quarter. Finally, United Capital Management of KS Inc. boosted its holdings in Altria Group by 6.7% in the 4th quarter. United Capital Management of KS Inc. now owns 8,894 shares of the company's stock valued at $465,000 after purchasing an additional 557 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MO shares. Morgan Stanley decreased their price objective on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Bank of America upgraded shares of Altria Group from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $53.29.

Altria Group Stock Performance

Shares of NYSE:MO traded up $0.14 during trading hours on Thursday, reaching $58.09. The stock had a trading volume of 7,206,999 shares, compared to its average volume of 8,586,333. Altria Group, Inc. has a 1 year low of $40.65 and a 1 year high of $59.67. The firm's 50 day moving average is $54.16 and its 200-day moving average is $53.42. The stock has a market capitalization of $98.21 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of 2.89 and a beta of 0.56.

Altria Group (NYSE:MO - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating 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%. Analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The firm also recently declared 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. This represents a $4.08 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group's dividend payout ratio is currently 62.29%.

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.