Uniting Wealth Partners LLC Invests $427,000 in Altria Group, Inc. (NYSE:MO)

Uniting Wealth Partners LLC purchased a new stake in Altria Group, Inc. (NYSE:MO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,174 shares of the company's stock, valued at approximately $427,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of Altria Group in the fourth quarter valued at $25,000. VSM Wealth Advisory LLC acquired a new position in shares of Altria Group in the 4th quarter valued at $29,000. Legacy Investment Solutions LLC bought a new position in shares of Altria Group during the 3rd quarter worth about $34,000. Marshall Investment Management LLC acquired a new stake in shares of Altria Group during the 4th quarter valued at about $32,000. Finally, Promus Capital LLC acquired a new stake in shares of Altria Group during the 4th quarter valued at about $33,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Altria Group Stock Performance

NYSE:MO traded up $0.81 on Thursday, hitting $57.93. 14,306,038 shares of the stock were exchanged, compared to its average volume of 8,926,201. Altria Group, Inc. has a 52 week low of $40.65 and a 52 week high of $60.18. The stock has a market capitalization of $97.93 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 2.89 and a beta of 0.56. The company's 50-day moving average price is $55.64 and its 200 day moving average price is $53.75.

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

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Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.04%. The ex-dividend date is Tuesday, March 25th. Altria Group's payout ratio is 62.29%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Morgan Stanley cut their price target on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Bank of America upgraded Altria Group from a "neutral" rating to a "buy" rating and raised their target price for the stock from $55.00 to $65.00 in a research report on Friday, December 6th. UBS Group upped their price target on Altria Group from $42.00 to $46.00 and gave the company a "sell" rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Altria Group from a "buy" rating to a "hold" rating in a research report on Tuesday. Two investment 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 presently has an average rating of "Hold" and a consensus 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.