Altria Group, Inc. (NYSE:MO) Shares Acquired by SageView Advisory Group LLC

SageView Advisory Group LLC boosted its position in shares of Altria Group, Inc. (NYSE:MO) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,005 shares of the company’s stock after purchasing an additional 230 shares during the period. SageView Advisory Group LLC’s holdings in Altria Group were worth $1,726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MO. O ROURKE & COMPANY Inc raised its position in shares of Altria Group by 39.2% in the 4th quarter. O ROURKE & COMPANY Inc now owns 6,085 shares of the company’s stock valued at $318,000 after purchasing an additional 1,714 shares in the last quarter. Keystone Financial Group raised its holdings in Altria Group by 8.2% in the fourth quarter. Keystone Financial Group now owns 9,483 shares of the company’s stock valued at $496,000 after acquiring an additional 715 shares in the last quarter. Savvy Advisors Inc. boosted its stake in Altria Group by 195.2% during the 4th quarter. Savvy Advisors Inc. now owns 15,467 shares of the company’s stock valued at $809,000 after acquiring an additional 10,227 shares during the last quarter. TT Capital Management LLC bought a new position in Altria Group during the 4th quarter valued at $254,000. Finally, WealthTrust Axiom LLC grew its holdings in Altria Group by 3.5% during the 4th quarter. WealthTrust Axiom LLC now owns 7,903 shares of the company’s stock worth $413,000 after acquiring an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MO. Deutsche Bank Aktiengesellschaft set a $60.00 price target on shares of Altria Group in a research report on Tuesday, April 1st. Morgan Stanley reduced their target price on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, UBS Group lifted their target price on Altria Group from $42.00 to $46.00 and gave the stock a “sell” 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $54.00.

Altria Group Trading Up 0.5 %

Shares of NYSE MO opened at $56.68 on Monday. The company has a market cap of $95.83 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54. The stock’s 50 day simple moving average is $56.22 and its 200 day simple moving average is $54.06. Altria Group, Inc. has a 12-month low of $40.65 and a 12-month high of $60.18.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, January 30th. The company reported $1.29 earnings per share (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, equities analysts forecast that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s dividend payout ratio (DPR) is 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.