Savvy Advisors Inc. Acquires 10,227 Shares of Altria Group, Inc. (NYSE:MO)

Savvy Advisors Inc. boosted its stake in Altria Group, Inc. (NYSE:MO - Free Report) by 195.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,467 shares of the company's stock after acquiring an additional 10,227 shares during the quarter. Savvy Advisors Inc.'s holdings in Altria Group were worth $809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its stake in shares of Altria Group by 18.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 7,158 shares of the company's stock worth $365,000 after purchasing an additional 1,108 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Altria Group in the third quarter valued at approximately $2,041,000. Wealthquest Corp acquired a new stake in shares of Altria Group in the third quarter valued at approximately $209,000. Chelsea Counsel Co. boosted its stake in shares of Altria Group by 7.8% during the 3rd quarter. Chelsea Counsel Co. now owns 20,300 shares of the company's stock worth $1,056,000 after acquiring an additional 1,465 shares during the period. Finally, Anchor Investment Management LLC increased its holdings in shares of Altria Group by 35.9% during the 3rd quarter. Anchor Investment Management LLC now owns 13,174 shares of the company's stock worth $672,000 after acquiring an additional 3,478 shares during the last quarter. 57.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group lifted their price objective on shares of Altria Group from $42.00 to $46.00 and gave the stock a "sell" rating in a research report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft set a $60.00 price target on shares of Altria Group in a report on Tuesday, April 1st. Finally, Morgan Stanley reduced their price objective 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $54.00.

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Altria Group Stock Performance

Shares of Altria Group stock traded up $0.44 during trading on Tuesday, reaching $57.57. 6,382,766 shares of the company's stock were exchanged, compared to its average volume of 9,005,965. Altria Group, Inc. has a 1-year low of $40.72 and a 1-year high of $60.18. The firm's 50-day moving average price is $56.31 and its 200 day moving average price is $54.10. The company has a market cap of $97.33 billion, a P/E ratio of 8.79, a PEG ratio of 2.89 and a beta of 0.54.

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

Altria Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 7.09%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group's dividend payout ratio (DPR) is currently 62.29%.

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.