Wilmington Savings Fund Society FSB Acquires 407 Shares of Altria Group, Inc. (NYSE:MO)

Wilmington Savings Fund Society FSB boosted its holdings in Altria Group, Inc. (NYSE:MO) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,168 shares of the company’s stock after acquiring an additional 407 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Altria Group were worth $4,715,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Aviance Capital Partners LLC boosted its stake in shares of Altria Group by 0.5% during the third quarter. Aviance Capital Partners LLC now owns 40,362 shares of the company’s stock valued at $2,060,000 after purchasing an additional 191 shares in the last quarter. Horst & Graben Wealth Management LLC increased its position in Altria Group by 1.5% in the 4th quarter. Horst & Graben Wealth Management LLC now owns 13,015 shares of the company’s stock valued at $681,000 after acquiring an additional 198 shares during the period. Fragasso Financial Advisors Inc raised its stake in shares of Altria Group by 3.3% during the fourth quarter. Fragasso Financial Advisors Inc now owns 6,302 shares of the company’s stock valued at $330,000 after acquiring an additional 199 shares during the last quarter. American Institute for Advanced Investment Management LLP grew its stake in shares of Altria Group by 3.5% in the third quarter. American Institute for Advanced Investment Management LLP now owns 5,860 shares of the company’s stock worth $299,000 after purchasing an additional 200 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC increased its holdings in Altria Group by 3.5% in the third quarter. Ridgecrest Wealth Partners LLC now owns 5,851 shares of the company’s stock valued at $299,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on MO shares. Morgan Stanley cut 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. Barclays boosted their price target on shares of Altria Group from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Stifel Nicolaus increased their price objective 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. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Altria Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Altria Group has a consensus rating of “Hold” and a consensus target price of $53.29.

Altria Group Trading Up 0.0 %

Altria Group stock opened at $52.65 on Friday. The business’s 50 day simple moving average is $53.09 and its 200 day simple moving average is $52.44. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03. The company has a market cap of $89.24 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 2.80 and a beta of 0.64.

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

Altria Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend 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.