CBIZ Investment Advisory Services LLC Has $36,000 Holdings in Altria Group, Inc. (NYSE:MO)

CBIZ Investment Advisory Services LLC boosted its position in shares of Altria Group, Inc. (NYSE:MO) by 895.7% in the fourth quarter, Holdings Channel reports. The fund owned 697 shares of the company’s stock after acquiring an additional 627 shares during the period. CBIZ Investment Advisory Services LLC’s holdings in Altria Group were worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of MO. KBC Group NV lifted its position in Altria Group by 6.9% during the 3rd quarter. KBC Group NV now owns 136,380 shares of the company’s stock worth $6,961,000 after acquiring an additional 8,823 shares during the last quarter. Metis Global Partners LLC lifted its position in Altria Group by 1.8% during the 3rd quarter. Metis Global Partners LLC now owns 45,091 shares of the company’s stock worth $2,301,000 after acquiring an additional 788 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Altria Group by 7.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 55,385 shares of the company’s stock worth $2,827,000 after acquiring an additional 3,975 shares during the last quarter. Balboa Wealth Partners acquired a new position in Altria Group during the 3rd quarter worth $238,000. Finally, Intellectus Partners LLC lifted its position in Altria Group by 4.7% during the 3rd quarter. Intellectus Partners LLC now owns 12,840 shares of the company’s stock worth $668,000 after acquiring an additional 577 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

MO has been the topic of several research reports. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $55.00 to $65.00 in a report on Friday, December 6th. Morgan Stanley dropped their price objective on shares of Altria Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.29.

Altria Group Stock Up 0.7 %

NYSE MO opened at $58.97 on Friday. The stock has a market cap of $99.70 billion, a P/E ratio of 9.00, a PEG ratio of 2.89 and a beta of 0.56. The company’s 50-day simple moving average is $53.75 and its 200 day simple moving average is $53.31. Altria Group, Inc. has a twelve month low of $40.65 and a twelve month high of $59.67.

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

Altria Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, March 25th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $4.08 dividend on an annualized basis and a yield of 6.92%. Altria Group’s payout ratio is currently 62.29%.

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.