4,280 Shares in Altria Group, Inc. (NYSE:MO) Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC acquired a new stake in Altria Group, Inc. (NYSE:MO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,280 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors also recently bought and sold shares of MO. Ellsworth Advisors LLC increased its position in Altria Group by 11.6% during the fourth quarter. Ellsworth Advisors LLC now owns 17,186 shares of the company’s stock worth $899,000 after purchasing an additional 1,781 shares during the last quarter. RoundAngle Advisors LLC purchased a new position in Altria Group in the fourth quarter valued at $1,362,000. Grove Bank & Trust boosted its holdings in Altria Group by 2.8% in the fourth quarter. Grove Bank & Trust now owns 16,798 shares of the company’s stock valued at $878,000 after purchasing an additional 457 shares during the period. Brady Martz Wealth Solutions LLC purchased a new stake in Altria Group during the 4th quarter worth about $1,370,000. Finally, My Legacy Advisors LLC raised its position in Altria Group by 2.6% in the 4th quarter. My Legacy Advisors LLC now owns 16,146 shares of the company’s stock valued at $824,000 after purchasing an additional 406 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Altria Group Stock Performance

Altria Group stock opened at $51.17 on Friday. The company has a market capitalization of $86.72 billion, a P/E ratio of 8.64, a PEG ratio of 2.70 and a beta of 0.64. 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 50-day simple moving average of $54.10 and a 200-day simple moving average of $52.10.

Altria Group (NYSE:MO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 earnings per share. As a group, analysts forecast that Altria Group, Inc. will post 5.13 earnings per share for the current year.

Altria Group Dividend Announcement

The business also recently declared 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 yield of 7.97%. The ex-dividend date was Thursday, December 26th. Altria Group’s dividend payout ratio (DPR) is presently 68.92%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays raised their target price on shares of Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Citigroup lifted their price objective on shares of Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their target price on Altria Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus raised their target price on Altria Group from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. 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 company’s stock. According to MarketBeat, Altria Group has a consensus rating of “Hold” and an average target price of $53.43.

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.