Rahlfs Capital LLC Invests $634,000 in Altria Group, Inc. (NYSE:MO)

Rahlfs Capital LLC purchased a new position in Altria Group, Inc. (NYSE:MO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,122 shares of the company's stock, valued at approximately $634,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MO. Truvestments Capital LLC raised its holdings in Altria Group by 4.3% in the fourth quarter. Truvestments Capital LLC now owns 4,581 shares of the company's stock worth $240,000 after purchasing an additional 190 shares in the last quarter. Enterprise Financial Services Corp grew its position in shares of Altria Group by 4.0% in the 4th quarter. Enterprise Financial Services Corp now owns 5,052 shares of the company's stock worth $264,000 after buying an additional 194 shares during the last quarter. Horst & Graben Wealth Management LLC raised its stake in shares of Altria Group by 1.5% during the 4th quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company's stock worth $681,000 after acquiring an additional 198 shares in the last quarter. Fragasso Financial Advisors Inc lifted its position in Altria Group by 3.3% during the fourth quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company's stock valued at $330,000 after acquiring an additional 199 shares during the last quarter. Finally, First Citizens Financial Corp boosted its stake in Altria Group by 4.8% in the fourth quarter. First Citizens Financial Corp now owns 4,402 shares of the company's stock valued at $230,000 after acquiring an additional 200 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors.

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Altria Group Stock Down 3.2 %

Shares of Altria Group stock traded down $1.84 on Friday, reaching $56.05. 16,322,328 shares of the stock were exchanged, compared to its average volume of 8,941,049. The business has a 50 day moving average price of $55.72 and a two-hundred day moving average price of $53.82. The firm has a market capitalization of $94.77 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 2.89 and a beta of 0.54. Altria Group, Inc. has a twelve month low of $40.65 and a twelve month high of $60.18.

Altria Group (NYSE:MO - Get Free Report) last issued its earnings results 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%. Research analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 7.28%. The ex-dividend date is Tuesday, March 25th. Altria Group's dividend payout ratio (DPR) is 62.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MO shares. Deutsche Bank Aktiengesellschaft downgraded Altria Group from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Morgan Stanley reduced their target price on Altria Group from $54.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Finally, UBS Group raised their price target on Altria Group from $42.00 to $46.00 and gave the stock a "sell" rating in a report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Altria Group currently has a consensus rating of "Hold" and an average target price of $54.00.

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.