United Capital Management of KS Inc. Has $465,000 Position in Altria Group, Inc. (NYSE:MO)

United Capital Management of KS Inc. grew its holdings in Altria Group, Inc. (NYSE:MO) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,894 shares of the company’s stock after purchasing an additional 557 shares during the quarter. United Capital Management of KS Inc.’s holdings in Altria Group were worth $465,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Life Planners acquired a new position in Altria Group in the fourth quarter worth $25,000. True Wealth Design LLC boosted its stake 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 in the last quarter. Marshall Investment Management LLC acquired a new position in shares of Altria Group during the fourth quarter valued at $32,000. Promus Capital LLC acquired a new position in shares of Altria Group during the fourth quarter valued at $33,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Altria Group during the third quarter valued at $34,000. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Trading Up 0.7 %

NYSE:MO opened at $58.97 on Friday. Altria Group, Inc. has a 1-year low of $40.65 and a 1-year high of $59.67. The business’s 50-day moving average price is $53.75 and its two-hundred day moving average price is $53.31. The firm has a market capitalization of $99.70 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 2.89 and a beta of 0.56.

Altria Group (NYSE:MO) last released its earnings results 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%. Sell-side analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current year.

Altria Group Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 6.92%. Altria Group’s payout ratio is presently 62.29%.

Analysts Set New Price Targets

MO has been the topic of several research reports. Morgan Stanley cut 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. Bank of America raised Altria Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.29.

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.