RoundAngle Advisors LLC acquired a new position in Altria Group, Inc. (NYSE:MO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 26,050 shares of the company's stock, valued at approximately $1,362,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Aviance Capital Partners LLC raised its holdings in shares of Altria Group by 0.5% in the third quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company's stock worth $2,060,000 after acquiring an additional 191 shares during the last quarter. Delta Investment Management LLC raised its stake in Altria Group by 2.9% in the 2nd quarter. Delta Investment Management LLC now owns 7,064 shares of the company's stock valued at $322,000 after purchasing an additional 198 shares during the last quarter. Fragasso Financial Advisors Inc lifted its holdings in Altria Group by 3.3% in the 4th quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company's stock valued at $330,000 after purchasing an additional 199 shares in the last quarter. American Institute for Advanced Investment Management LLP lifted its holdings in Altria Group by 3.5% in the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company's stock valued at $299,000 after purchasing an additional 200 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC boosted its stake in shares of Altria Group by 3.5% during the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company's stock worth $299,000 after purchasing an additional 200 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.
Altria Group Price Performance
NYSE MO traded up $0.76 during trading hours on Monday, hitting $51.92. The company had a trading volume of 6,528,941 shares, compared to its average volume of 6,772,463. The firm's 50 day moving average is $54.29 and its 200 day moving average is $52.03. The company has a market capitalization of $87.99 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 2.69 and a beta of 0.64. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03.
Altria Group (NYSE:MO - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company's revenue was up 18.6% on a year-over-year basis. During the same period last year, the business posted $1.28 EPS. On average, equities analysts anticipate that Altria Group, Inc. will post 5.12 EPS for the current year.
Altria Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a $1.02 dividend. The ex-dividend date was Thursday, December 26th. This represents a $4.08 dividend on an annualized basis and a yield of 7.86%. Altria Group's payout ratio is currently 68.92%.
Analyst Upgrades and Downgrades
Several research firms have commented on MO. StockNews.com raised shares of Altria Group from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Barclays increased their price objective on shares of Altria Group from $45.00 to $46.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Stifel Nicolaus boosted their target price on shares of Altria Group from $54.00 to $60.00 and gave the company a "buy" rating in a report on Friday, November 1st. Morgan Stanley started coverage on Altria Group in a report on Thursday. They set an "equal weight" rating and a $54.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Altria Group from $52.00 to $60.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Altria Group presently has an average rating of "Hold" and a consensus target price of $53.43.
Read Our Latest Stock Report on Altria Group
Altria Group Profile
(
Free Report)
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.
Featured Articles
Before you consider Altria Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Altria Group wasn't on the list.
While Altria Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
