6,625 Shares in Altria Group, Inc. (NYSE:MO) Acquired by Wayfinding Financial LLC

Wayfinding Financial LLC bought a new stake in shares of Altria Group, Inc. (NYSE:MO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,625 shares of the company's stock, valued at approximately $346,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in shares of Altria Group by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,159,890 shares of the company's stock valued at $107,679,000 after acquiring an additional 46,697 shares in the last quarter. Czech National Bank raised its position in shares of Altria Group by 5.7% in the fourth quarter. Czech National Bank now owns 367,469 shares of the company's stock valued at $19,215,000 after purchasing an additional 19,893 shares during the period. CWA Asset Management Group LLC lifted its stake in shares of Altria Group by 5.3% in the fourth quarter. CWA Asset Management Group LLC now owns 240,454 shares of the company's stock worth $12,573,000 after buying an additional 12,011 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Altria Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company's stock worth $2,935,224,000 after buying an additional 589,832 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in Altria Group by 8.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 706,967 shares of the company's stock valued at $36,084,000 after buying an additional 54,102 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company's stock.

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Altria Group Stock Down 1.6 %

Altria Group stock traded down $0.92 during trading hours on Tuesday, hitting $56.73. The stock had a trading volume of 10,377,149 shares, compared to its average volume of 8,497,390. The company has a 50-day moving average of $54.66 and a two-hundred day moving average of $53.51. Altria Group, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $59.67. The company has a market cap of $95.91 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56.

Altria Group (NYSE:MO - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. As a group, analysts forecast that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be given a dividend of $1.02 per share. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 7.19%. Altria Group's dividend payout ratio (DPR) is currently 62.29%.

Wall Street Analysts Forecast Growth

MO has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Bank of America upgraded Altria Group from a "neutral" rating to a "buy" rating and increased their target price for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Two investment 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $53.29.

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.