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

SageView Advisory Group LLC grew its stake 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 firm owned 33,005 shares of the company’s stock after acquiring 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 institutional investors have also modified their holdings of the company. Financial Life Planners purchased a new stake in Altria Group in the 4th quarter valued at approximately $25,000. Redwood Park Advisors LLC purchased a new stake in shares of Altria Group in the fourth quarter valued at $26,000. VSM Wealth Advisory LLC purchased a new stake in Altria Group during the 4th quarter worth about $29,000. Marshall Investment Management LLC acquired a new position in Altria Group in the 4th quarter valued at about $32,000. Finally, Promus Capital LLC purchased a new position in Altria Group in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Altria Group from $42.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, April 1st. Morgan Stanley reduced their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft set a $60.00 price objective on Altria Group in a research report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $54.00.

Altria Group Trading Up 0.5 %

Shares of Altria Group stock opened at $56.68 on Monday. The business’s fifty day moving average price is $56.22 and its 200 day moving average price is $54.06. Altria Group, Inc. has a twelve month low of $40.65 and a twelve month high of $60.18. The stock has a market capitalization of $95.83 billion, a P/E ratio of 8.65, a PEG ratio of 2.89 and a beta of 0.54.

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%. As a group, sell-side analysts predict that Altria Group, Inc. will post 5.32 EPS for the current year.

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be issued a dividend of $1.02 per share. The ex-dividend date is Tuesday, March 25th. This represents a $4.08 annualized dividend and a dividend yield of 7.20%. Altria Group’s payout ratio is 62.29%.

Altria Group 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.