Fiduciary Group LLC increased its stake in shares of Altria Group Inc (NYSE:MO) by 9.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,206 shares of the company’s stock after buying an additional 800 shares during the period. Fiduciary Group LLC’s holdings in Altria Group were worth $356,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Nwam LLC lifted its position in Altria Group by 1.9% during the 4th quarter. Nwam LLC now owns 10,695 shares of the company’s stock worth $534,000 after buying an additional 200 shares in the last quarter. Cannell Peter B & Co. Inc. increased its stake in Altria Group by 0.5% during the 4th quarter. Cannell Peter B & Co. Inc. now owns 43,612 shares of the company’s stock worth $2,177,000 after purchasing an additional 223 shares in the last quarter. BerganKDV Wealth Management LLC increased its stake in Altria Group by 12.7% during the 4th quarter. BerganKDV Wealth Management LLC now owns 2,105 shares of the company’s stock worth $105,000 after purchasing an additional 237 shares in the last quarter. Beaton Management Co. Inc. grew its stake in shares of Altria Group by 1.1% during the 4th quarter. Beaton Management Co. Inc. now owns 22,960 shares of the company’s stock worth $1,146,000 after acquiring an additional 250 shares in the last quarter. Finally, Greatmark Investment Partners Inc. grew its stake in shares of Altria Group by 4.4% during the 1st quarter. Greatmark Investment Partners Inc. now owns 5,889 shares of the company’s stock worth $228,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 63.50% of the company’s stock.
Shares of Altria Group stock traded up $0.19 during midday trading on Friday, reaching $37.73. The company had a trading volume of 6,861,912 shares, compared to its average volume of 10,536,376. Altria Group Inc has a fifty-two week low of $30.95 and a fifty-two week high of $53.11. The company has a debt-to-equity ratio of 4.06, a current ratio of 0.71 and a quick ratio of 0.53. The stock has a fifty day moving average price of $38.45 and a 200 day moving average price of $44.43. The firm has a market cap of $69.76 billion, a PE ratio of -77.00, a P/E/G ratio of 1.76 and a beta of 0.45.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 8.91%. The ex-dividend date is Friday, June 12th. Altria Group’s dividend payout ratio (DPR) is presently 79.62%.
Several equities analysts recently weighed in on the stock. Morgan Stanley raised shares of Altria Group from an “equal weight” rating to an “overweight” rating and set a $49.00 target price for the company in a research note on Monday, March 16th. Citigroup dropped their target price on Altria Group from $60.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Panmure Gordon upgraded Altria Group from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Friday, April 3rd. Cfra lifted their target price on Altria Group from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Finally, Goldman Sachs Group initiated coverage on Altria Group in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $35.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.79.
Altria Group Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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