By otakuyassine3@gmail.com 
Tectonic Advisors LLC raised its holdings in shares of Altria Group, Inc. (NYSE:MO – Free Report) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,357 shares of the company’s stock after acquiring an additional 16,051 shares during the quarter. Tectonic Advisors LLC’s holdings in Altria Group were worth $8,542,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. Financial Life Planners purchased a new stake in Altria Group during the 4th quarter valued at approximately $25,000. True Wealth Design LLC grew its stake in Altria Group by 420.0% during the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after acquiring an additional 462 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in Altria Group during the third quarter valued at $34,000. Peterson Financial Group Inc. bought a new stake in Altria Group in the 3rd quarter valued at $41,000. Finally, Fairman Group LLC lifted its stake in Altria Group by 85.1% in the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after purchasing an additional 410 shares in the last quarter. 57.41% of the stock is currently owned by hedge funds and other institutional investors.
Altria Group Price Performance
Altria Group stock opened at $52.66 on Wednesday. Altria Group, Inc. has a 1-year low of $39.25 and a 1-year high of $58.03. The company’s 50-day moving average is $53.39 and its 200 day moving average is $52.42. The firm has a market capitalization of $89.25 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64.
Altria Group (NYSE:MO – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.
Altria Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date was Thursday, December 26th. Altria Group’s payout ratio is presently 62.29%.
Analyst Ratings Changes
MO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays lifted their price objective on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley lowered their target price on 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 raised shares of Altria Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $65.00 in a report on Friday, December 6th. Finally, Citigroup upped their price target on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $53.29.
Read Our Latest Research Report on Altria Group
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.
Further Reading
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