6,588 Shares in Altria Group, Inc. (NYSE:MO) Acquired by Symmetry Partners LLC

Symmetry Partners 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 13F filing with the Securities and Exchange Commission. The firm bought 6,588 shares of the company's stock, valued at approximately $344,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Life Planners bought a new stake in shares of Altria Group in the fourth quarter valued at about $25,000. VSM Wealth Advisory LLC acquired a new stake in Altria Group during the fourth quarter worth approximately $29,000. True Wealth Design LLC increased its position in shares of Altria Group by 420.0% in the third 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 period. Legacy Investment Solutions LLC bought a new position in shares of Altria Group in the third quarter worth $34,000. Finally, Marshall Investment Management LLC acquired a new position in Altria Group in the fourth quarter valued at about $32,000. Institutional investors own 57.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MO. Morgan Stanley reduced their price target on shares of 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. Bank of America raised Altria Group from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. 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 stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $53.29.

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Altria Group Trading Up 0.0 %

MO traded up $0.02 on Monday, reaching $57.62. The stock had a trading volume of 11,946,626 shares, compared to its average volume of 8,547,473. The company has a market capitalization of $97.41 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. Altria Group, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $59.67. The firm has a 50-day moving average of $54.56 and a 200-day moving average of $53.48.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. Sell-side analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

The firm 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. 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 7.08%. Altria Group's dividend payout ratio (DPR) is presently 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.