Lee Danner & Bass Inc. Acquires 335 Shares of Altria Group, Inc. (NYSE:MO)

Lee Danner & Bass Inc. grew its holdings in shares of Altria Group, Inc. (NYSE:MO) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,415 shares of the company’s stock after acquiring an additional 335 shares during the period. Lee Danner & Bass Inc.’s holdings in Altria Group were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Truvestments Capital LLC grew its position in shares of Altria Group by 4.3% during the 4th quarter. Truvestments Capital LLC now owns 4,581 shares of the company’s stock valued at $240,000 after acquiring an additional 190 shares during the period. Enterprise Financial Services Corp grew its position in shares of Altria Group by 4.0% during the 4th quarter. Enterprise Financial Services Corp now owns 5,052 shares of the company’s stock valued at $264,000 after acquiring an additional 194 shares during the period. Horst & Graben Wealth Management LLC grew its position in shares of Altria Group by 1.5% during 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 grew its position in shares of Altria Group by 3.3% during the 4th 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 period. Finally, First Citizens Financial Corp grew its position in shares of Altria Group by 4.8% during the 4th quarter. First Citizens Financial Corp now owns 4,402 shares of the company’s stock valued at $230,000 after acquiring an additional 200 shares during the period. Institutional investors own 57.41% of the company’s stock.

Altria Group Stock Up 0.2 %

Shares of MO stock opened at $58.09 on Friday. The stock has a market cap of $98.21 billion, a P/E ratio of 8.87, a PEG ratio of 2.89 and a beta of 0.56. Altria Group, Inc. has a 52 week low of $40.65 and a 52 week high of $59.67. The company’s fifty day simple moving average is $54.29 and its two-hundred day simple moving average is $53.45.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.29 EPS for the quarter, topping 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%. On average, analysts anticipate that Altria Group, Inc. will post 5.32 EPS for the current fiscal year.

Altria Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, March 25th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 7.02%. The ex-dividend date of this dividend is Tuesday, March 25th. Altria Group’s payout ratio is currently 62.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $55.00 to $65.00 in a research note on Friday, December 6th. Morgan Stanley lowered their target price on shares of 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. Two research 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $53.29.

About Altria Group

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.