2,200 Shares in Altria Group, Inc. (NYSE:MO) Purchased by Kentucky Trust Co

Kentucky Trust Co acquired a new position in Altria Group, Inc. (NYSE:MO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,200 shares of the company’s stock, valued at approximately $115,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MO. Financial Life Planners acquired a new stake in Altria Group in the fourth quarter worth about $25,000. True Wealth Design LLC increased its position in Altria Group by 420.0% in the third quarter. True Wealth Design LLC now owns 572 shares of the company’s stock worth $29,000 after purchasing an additional 462 shares during the period. Legacy Investment Solutions LLC acquired a new stake in Altria Group in the third quarter worth about $34,000. Peterson Financial Group Inc. acquired a new stake in Altria Group in the third quarter worth about $41,000. Finally, Fairman Group LLC grew its position in shares of Altria Group by 85.1% during the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after buying an additional 410 shares during the period. 57.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MO has been the subject of several analyst reports. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus boosted their target price on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays boosted their target price on Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley decreased 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Altria Group presently has an average rating of “Hold” and a consensus target price of $53.29.

Altria Group Price Performance

NYSE:MO opened at $53.35 on Thursday. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The stock has a market capitalization of $90.42 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64. The business’s 50-day simple moving average is $52.96 and its 200-day simple moving average is $52.54.

Altria Group (NYSE:MO) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.01. Altria Group had a negative return on equity of 258.72% and a net margin of 46.90%. On average, research analysts expect that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.65%. The ex-dividend date was Thursday, December 26th. Altria Group’s payout ratio 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.