Yoffe Investment Management LLC Makes New $256,000 Investment in Altria Group, Inc. (NYSE:MO)

Yoffe Investment Management LLC acquired a new position in shares of Altria Group, Inc. (NYSE:MO - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,900 shares of the company's stock, valued at approximately $256,000.

Several other large investors have also made changes to their positions in the company. Financial Life Planners acquired a new stake in Altria Group during the fourth quarter worth about $25,000. VSM Wealth Advisory LLC purchased a new stake in shares of Altria Group during the 4th quarter worth about $29,000. Marshall Investment Management LLC purchased a new position in Altria Group in the fourth quarter valued at approximately $32,000. Promus Capital LLC acquired a new position in Altria Group during the fourth quarter valued at approximately $33,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Altria Group during the third quarter worth approximately $34,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their target price on shares of Altria Group from $54.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. UBS Group raised their price objective on Altria Group from $42.00 to $46.00 and gave the company a "sell" rating in a research report on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded Altria Group from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Altria Group currently has an average rating of "Hold" and a consensus target price of $54.00.

Remove Ads

Altria Group Price Performance

MO traded down $1.84 on Friday, reaching $56.05. The company's stock had a trading volume of 16,322,328 shares, compared to its average volume of 8,941,049. Altria Group, Inc. has a 1 year low of $40.65 and a 1 year high of $60.18. The business's 50 day moving average is $55.72 and its 200 day moving average is $53.80. The stock has a market cap of $94.77 billion, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54.

Altria Group (NYSE:MO - Get Free Report) last released 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, research analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, March 25th will be paid a $1.02 dividend. 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 7.28%. Altria Group's dividend payout ratio (DPR) is presently 62.29%.

Altria Group Company 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.