3,758 Shares in Altria Group, Inc. (NYSE:MO) Acquired by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC bought a new stake in Altria Group, Inc. (NYSE:MO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,758 shares of the company’s stock, valued at approximately $200,000.

Several other large investors have also modified their holdings of the business. Algert Global LLC increased its position in shares of Altria Group by 32.0% during 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. Czech National Bank lifted its holdings in shares of Altria Group by 6.2% in the 3rd quarter. Czech National Bank now owns 347,576 shares of the company’s stock worth $17,740,000 after acquiring an additional 20,265 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Altria Group by 14.1% during the 3rd quarter. Park Avenue Securities LLC now owns 63,043 shares of the company’s stock worth $3,218,000 after purchasing an additional 7,788 shares during the period. GAMMA Investing LLC increased its holdings in Altria Group by 38.7% in the 3rd quarter. GAMMA Investing LLC now owns 28,656 shares of the company’s stock valued at $1,463,000 after purchasing an additional 7,994 shares during the last quarter. Finally, Diversified Trust Co raised its position in Altria Group by 2.2% in the third quarter. Diversified Trust Co now owns 12,391 shares of the company’s stock valued at $632,000 after purchasing an additional 263 shares during the period. Institutional investors and hedge funds own 57.41% of the company’s stock.

Altria Group Stock Performance

MO stock opened at $52.20 on Monday. Altria Group, Inc. has a fifty-two week low of $39.25 and a fifty-two week high of $58.03. The company’s 50 day moving average price is $53.57 and its 200 day moving average price is $52.35. The firm has a market capitalization of $88.46 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 2.76 and a beta of 0.64.

Altria Group (NYSE:MO) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. Altria Group had a net margin of 42.82% and a negative return on equity of 233.80%. Equities analysts forecast that Altria Group, Inc. will post 5.13 EPS for the current fiscal year.

Altria Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 7.82%. 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 firms have recently commented on MO. Morgan Stanley lowered their price target on Altria Group from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday. Citigroup lifted their target price on Altria Group from $44.50 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Bank of America upgraded shares of Altria Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $65.00 in a research note on Friday, December 6th. Barclays raised their price objective on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.