Altria Group, Inc. (NYSE:MO) Stake Increased by My Legacy Advisors LLC

My Legacy Advisors LLC lifted its holdings in Altria Group, Inc. (NYSE:MO) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,146 shares of the company’s stock after buying an additional 406 shares during the period. My Legacy Advisors LLC’s holdings in Altria Group were worth $824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MO. American Century Companies Inc. lifted its position in shares of Altria Group by 163.6% in the second quarter. American Century Companies Inc. now owns 50,862 shares of the company’s stock worth $2,317,000 after purchasing an additional 31,568 shares in the last quarter. Renaissance Technologies LLC increased its stake in Altria Group by 387.9% in the 2nd quarter. Renaissance Technologies LLC now owns 350,300 shares of the company’s stock valued at $15,956,000 after buying an additional 278,500 shares during the period. Blair William & Co. IL lifted its position in Altria Group by 16.4% in the 2nd quarter. Blair William & Co. IL now owns 189,238 shares of the company’s stock worth $8,620,000 after buying an additional 26,597 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Altria Group during the 2nd quarter valued at $1,072,000. Finally, Ieq Capital LLC grew its holdings in shares of Altria Group by 7.1% during the 2nd quarter. Ieq Capital LLC now owns 65,746 shares of the company’s stock valued at $2,995,000 after acquiring an additional 4,364 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

MO has been the subject of several recent research reports. Barclays increased their price objective on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Citigroup boosted their price target on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Finally, Stifel Nicolaus boosted their target price on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $53.43.

Altria Group Stock Up 1.5 %

Shares of Altria Group stock opened at $51.92 on Friday. Altria Group, Inc. has a 12-month low of $39.25 and a 12-month high of $58.03. The stock has a market capitalization of $87.99 billion, a P/E ratio of 8.77, a PEG ratio of 2.69 and a beta of 0.64. The stock has a 50 day moving average price of $54.29 and a two-hundred day moving average price of $51.95.

Altria Group (NYSE:MO) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 42.82% and a negative return on equity of 233.80%. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share. Sell-side analysts anticipate that Altria Group, Inc. will post 5.12 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 7.86%. The ex-dividend date was Thursday, December 26th. Altria Group’s payout ratio is currently 68.92%.

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.