BSW Wealth Partners Acquires 1,200 Shares of Altria Group, Inc. (NYSE:MO)

BSW Wealth Partners raised its holdings in Altria Group, Inc. (NYSE:MOFree Report) by 30.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,145 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. BSW Wealth Partners’ holdings in Altria Group were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Algert Global LLC boosted its stake in Altria Group by 32.0% in the second quarter. Algert Global LLC now owns 9,600 shares of the company’s stock valued at $437,000 after acquiring an additional 2,330 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in Altria Group by 2.1% in the second quarter. EP Wealth Advisors LLC now owns 38,045 shares of the company’s stock valued at $1,733,000 after purchasing an additional 768 shares during the last quarter. Cetera Investment Advisers grew its holdings in Altria Group by 1.8% during the second quarter. Cetera Investment Advisers now owns 1,001,756 shares of the company’s stock valued at $45,630,000 after purchasing an additional 17,471 shares during the period. Souders Financial Advisors purchased a new stake in Altria Group in the second quarter worth $207,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Altria Group in the second quarter valued at $206,000. 57.41% of the stock is currently owned by institutional investors.

Altria Group Stock Performance

Altria Group stock opened at $52.81 on Thursday. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The stock has a market cap of $89.50 billion, a P/E ratio of 8.92, a PEG ratio of 2.67 and a beta of 0.64. The firm’s fifty day moving average price is $53.81 and its 200-day moving average price is $52.29.

Altria Group (NYSE:MOGet Free Report) last announced its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. Sell-side analysts predict that Altria Group, Inc. will post 5.13 earnings per share for the current year.

Altria Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 7.73%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is 68.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. StockNews.com upgraded Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus raised their price objective on shares of Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America raised shares of Altria Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $55.00 to $65.00 in a report on Friday, December 6th. Finally, Morgan Stanley started coverage on Altria Group in a report on Thursday, January 16th. They issued an “equal weight” rating and a $54.00 price target for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Altria Group has a consensus rating of “Hold” and a consensus target price of $53.43.

Get Our Latest Stock Report on MO

Altria Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Altria Group (NYSE:MO)

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