Altria Group, Inc. (NYSE:MO) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its stake in shares of Altria Group, Inc. (NYSE:MO) by 18.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,158 shares of the company’s stock after purchasing an additional 1,108 shares during the period. TD Private Client Wealth LLC’s holdings in Altria Group were worth $365,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MFA Wealth Advisors LLC acquired a new position in shares of Altria Group in the 2nd quarter valued at about $27,000. True Wealth Design LLC raised its holdings in Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock valued at $29,000 after buying an additional 462 shares during the period. Hobbs Group Advisors LLC acquired a new position in Altria Group during the second quarter valued at approximately $30,000. Valley Wealth Managers Inc. grew its stake in Altria Group by 63.9% during the second quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock worth $30,000 after buying an additional 260 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Altria Group in the third quarter worth $34,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Altria Group Stock Performance

Shares of MO opened at $54.92 on Friday. Altria Group, Inc. has a one year low of $39.25 and a one year high of $58.03. The stock has a 50-day moving average price of $53.60 and a 200 day moving average price of $50.85. The company has a market capitalization of $93.08 billion, a P/E ratio of 9.28, a P/E/G ratio of 3.02 and a beta of 0.63.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 31st. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The business’s revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 EPS. As a group, equities research analysts forecast that Altria Group, Inc. will post 5.12 earnings per share for the current fiscal year.

Altria Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend is Thursday, December 26th. Altria Group’s payout ratio is currently 68.92%.

Wall Street Analysts Forecast Growth

MO has been the topic of several recent research reports. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $65.00 in a report on Friday, December 6th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. UBS Group raised their target price on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a report on Monday, September 9th. Stifel Nicolaus upped their price target on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Citigroup increased their price objective on shares of Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.33.

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.